Harry Markowitz’s Influence on Robo-Investing

Nobel Prize in Economics

In 1952, Harry Markowitz would publish a paper that would change the face of investing for decades. In fact, his paper resulted in The Royal Swedish Academy of Sciences awarding Markowitz the 1990 Nobel Prize in Economics. The Royal Swedish Academy of Sciences explains Markowitz’s contribution as someone “who developed a theory for households’ and firms’ allocation of financial assets under uncertainty, the so-called theory of portfolio choice. This theory analyzes how wealth can be optimally invested in assets which differ in regard to their expected return and risk, and thereby also how risks can be reduced.”(Nobel …

The Statement Staff

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store