Harry Markowitz

Quotes

• “I was a colleague of Armen's, at the Rand Corporation "think tank," during the 1950s, and hold no economist in higher regard. When I sat down at my keyboard just now it was to find out what happened to Armen's works. One Google response was someone saying that Armen should get a Nobel Prize. I concur. My own Nobel Prize in Economics was awarded in 1990 along with the prize for Wm. Sharpe. I see in Wikipedia that Armen "influenced" Bill, and that Armen is still alive and is 96 years old.”
• “If I had to vote for what is the greatest piece of music ever conceived by the human mind, I'd have a hard time choosing between the Chaconne that ends Bach's second partita for unaccompanied violin or the his Chromatic Fantasy and Fugue for the piano.”
• “She talks about how Brahms baby sat them while her mother, Clara, was out earning a living, concertizing all over Europe. Brahms continued in their lives until his death. She also talks about her loving relationship with her mother; her usual sibling like relationships with the other Schumann children; and how she would get mad at Brahms when he would make her mother sad, even cry, but none of them could be mad at Brahms for very long.”
• “A great man who wrote and spoke great speeches as the leader of a great cause: Great., Great. Great!,”

via Wikiquote · CC BY-SA

Key facts

Born

Harry Max Markowitz , ( 1927-08-24 ) August 24, 1927, Chicago , Illinois, U.S.

Died

June 22, 2023 (2023-06-22) (aged 95), San Diego , California, U.S.

Education

University of Chicago ( PhB , MA , PhD )

Doctoral advisor

Milton Friedman , Jacob Marschak

Influences

Tjalling Koopmans , Leonard Savage

Discipline

Financial economics

School or tradition

Chicago School of Economics

Institutions

Harry Markowitz Company, Rady School of Management at the University of California, San Diego , Baruch College , RAND Corporation , Cowles Commission , University of Pennsylvania

Notable ideas

Modern portfolio theory , Efficient frontier , Sparse matrix methods, SIMSCRIPT

Awards

John von Neumann Theory Prize (1989), Nobel Memorial Prize in Economic Sciences (1990)

Website

Information at IDEAS / RePEc

via Wikipedia infobox