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Harry Markowitz: An appreciation

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  • Guerard, John

Abstract

Harry Markowitz passed on June 22, 2023; some four years short of reaching 100 years old. Dr. Markowitz was not a traditional economist. That fact was well- established and documented from his thesis defense at the University of Chicago. When Milton Friedman uttered lines to the effect that Harry’s thesis has nothing wrong with it, but is not an economics dissertation, Dr. Friedman applied a very narrow definition of economics. Harry is acknowledged as a (the) creator of Portfolio Theory. His dissertation was its genesis.

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  • Guerard, John, 2023. "Harry Markowitz: An appreciation," International Journal of Forecasting, Elsevier, vol. 39(4), pages 1496-1501.
    • Handle: RePEc:eee:intfor:v:39:y:2023:i:4:p:1496-1501
    DOI: 10.1016/j.ijforecast.2023.07.004
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    References listed on IDEAS

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    1. M. Bloch & J. Guerard & H. Markowitz & P. Todd & G. Xu, 2020. "A comparison of some aspects of the U.S. and Japanese equity markets," World Scientific Book Chapters, in: John B Guerard & William T Ziemba (ed.), HANDBOOK OF APPLIED INVESTMENT RESEARCH, chapter 3, pages 17-40, World Scientific Publishing Co. Pte. Ltd..
    2. John B. Guerard & Ganlin Xu & Harry Markowitz, 2021. "A further analysis of robust regression modeling and data mining corrections testing in global stocks," Annals of Operations Research, Springer, vol. 303(1), pages 175-195, August.
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    6. Levy,Haim, 2012. "The Capital Asset Pricing Model in the 21st Century," Cambridge Books, Cambridge University Press, number 9781107006713.
    7. Bruce I. Jacobs & Kenneth N. Levy & Harry M. Markowitz, 2005. "Portfolio Optimization with Factors, Scenarios, and Realistic Short Positions," Operations Research, INFORMS, vol. 53(4), pages 586-599, August.
    8. Harry M. Markowitz, 2002. "Efficient Portfolios, Sparse Matrices, and Entities: A Retrospective," Operations Research, INFORMS, vol. 50(1), pages 154-160, February.
    9. Edwin J. Elton & Martin J. Gruber & Mustafa Gultekin, 1981. "Expectations and Share Prices," Management Science, INFORMS, vol. 27(9), pages 975-987, September.
    10. Levy,Haim, 2012. "The Capital Asset Pricing Model in the 21st Century," Cambridge Books, Cambridge University Press, number 9780521186513.
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