Name: Harry Markowitz.
Real Name: Harry Max Markowitz.
Country: United States.
Date of Birth: August 24, 1927.
Died: June 22, 2023.
Education: Ph.B., A.M., and Ph.D. from the University of Chicago.
Subjects Of Study: Portfolio investment.
Popularly Known: Developing Modern Portfolio Theory (MPT).
Profession: Economist, and professor.
Noble Prize Year: Nobel Prize for Peace in 1990, for their pioneering work in the theory of financial economics.
Harry Markowitz first published the work for which he was awarded the Economic Sciences Prize in the essay Portfolio Selection in 1952, and then it was later collected in his book Portfolio Selection: Efficient Diversification in 1959. The theory of portfolio selection was first intended to be normative for investment managers, that is, a theory for the best way to invest wealth in assets with different expected returns and risks. His theory developed into a foundation for further financial economics research.
