Harry M. Markowitz on Modern Portfolio Theory, the Efficient Frontier, and His Life's Work

Buttell, Amy E.
May 2010
Journal of Financial Planning;May2010, Vol. 23 Issue 5, p18
Academic Journal
An interview with Harry M. Markowitz, winner of the Nobel Prize in the modern theory of financial economics, is presented. Based on his theories on efficient portfolios, a successful portfolio involves making more than the average capital and spending less on expenses. He mentions that plain vanilla mean-variance theory is one of the advances of portfolio modeling and theory. He explains that the causes of the financial crisis in the U.S. involve politics and selling of mortgages.


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