Who are these academic scholars, independent research studies and Nobel Prize Laureates?
Dr. Harry Markowitz is an influential economist at the Rady School of Management at the University of California, San Diego. He is best known for his pioneering work in Modern Portfolio Theory, studying the effects of asset risk, correlation and diversification on expected investment portfolio returns. Dr. Harry Markowitz won the Nobel Prize in Economics in 1990 for his work in 1952 at the University of Chicago, it took almost 40 years for computer technology to become available to validate his scientific formula’s. According to Investorpedia.com “Markowitz’s theories emphasized the importance of portfolios, risk, the correlations between securities and diversification. His work changed the way that people invested. Prior to Markowitz’s theories, emphasis was placed on picking single high-yield stocks without any regard to their effects on portfolios as a whole. Markowitz’s portfolio theory would be a large stepping stone towards the creation of the capital asset pricing model.” The “M
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