Harry Max Markowitz was an American economist who received the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences.
15 Facts About Harry Markowitz
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Harry Markowitz is best known for his pioneering work in modern portfolio theory, studying the effects of asset risk, return, correlation and diversification on probable investment portfolio returns.
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Harry Markowitz was born to a Jewish family, the son of Morris and Mildred Markowitz.
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Harry Markowitz completed his AM in Economics from the university in 1950.
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Harry Markowitz chose to apply mathematics to the analysis of the stock market as the topic for his dissertation.
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In 1952, Harry Markowitz went to work for the RAND Corporation, where he met George Dantzig.
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The topic was so novel that, while Harry Markowitz was defending his dissertation, Milton Friedman argued his contribution was not economics.
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Harry Markowitz published the critical line algorithm in a 1956 paper and used this time at the foundation to write a book on portfolio allocation which was published in 1959.
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Harry Markowitz won the Nobel Memorial Prize in Economic Sciences in 1990 while a professor of finance at Baruch College of the City University of New York.
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Harry Markowitz was elected to the 2002 class of Fellows of the Institute for Operations Research and the Management Sciences.
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In 1968, Harry Markowitz joined Arbitrage Management company founded by Michael Goodkin.
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Harry Markowitz served on the advisory board of SkyView Investment Advisors, a traditional and alternative investment advisory firm.
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Harry Markowitz was co-founder and Chief Architect of GuidedChoice, a 401 managed accounts provider and investment advisor.
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Harry Markowitz was actively involved in designing the next step in the retirement process: assisting retirees with wealth distribution through GuidedSpending.
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Harry Markowitz died in a hospital in San Diego, California due to complications from pneumonia and sepsis.