Harry Markowitz, a Nobel Prize-winning economist who redefined money management by showing that diversification could reduce investment risk while maximizing returns, has died. He was 95. Markowitz ...

On this special episode of The Long View, we are honoring the life of Harry Markowitz, a finance giant and leader in research on diversification and Modern Portfolio Theory. Dr. Andrew Lo, professor ...

In the world of Wall Street, 60 years is an eternity. So when a concept like modern portfolio theory remains one of the most popular and successful investing strategies 66 years after it was first ...

Investing can often feel like navigating a maze of endless options and ever-shifting market conditions. This is where the Modern Portfolio Theory (MPT) comes in, offering a roadmap for making smarter ...

The evolution of the Portfolio Theory from Harry Markowitz to Richard and Robert Michaud's Resampled Efficiency. Markowitz fleshes out MPT in his book Portfolio Selection: Efficient Diversification of ...

While the list obviously incorporates selection bias, as Nobel Prizes are awarded only to those who are alive—a policy fully applied by John Goodenough, who was honored at age 97—the group’s health ...

In 1952, Nobel Prize laureate Harry Markowitz famously said “diversification is the only free lunch in investing.” In recent years, however, investors have lost their appetite for the economist’s ...

Post-modern portfolio theory uses downside risk to refine portfolio optimization. Learn how PMPT offers an alternative to modern portfolio theory for risk-adjusted returns.