The Capital
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The Capital

Harry Markowitz: the Father of the Modern Portfolio Theory

For thousands of years, people knew the concept of diversification. People also throughout history knew intuitionally the concept of risk. The person who first measured what financial risk really means and how this is related to financial return was Harry Markowitz, the father of modern portfolio theory (also known as mean-variance analysis).

The image is taken from https://nzzas.nzz.ch/

Biography

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