Harry Markowitz facts for kids

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Harry Markowitz
Born August 24, 1927 (1927-08-24) (age 92)
Nationality United States
Alma mater University of Chicago, (PhD)
Awards John von Neumann Theory Prize (1989)
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (1990)

Harry Max Markowitz (born August 24, 1927) is an American economist. He received the 1989 John von Neumann Theory Prize and the 1990 Nobel Prize in Economics.

Early life

Markowitz was born on August 24, 1927 in Chicago, Illinois. He studied at the University of Chicago.

Career

Markowitz is a professor of finance at the Rady School of Management at the University of California, San Diego (UCSD). He is best known for his pioneering work in Modern Portfolio Theory, studying the effects of asset risk, return, correlation and diversification on probable investment portfolio returns.

Markowitz won the Nobel Prize in Economics in 1990.

Personal life

Markowitz now lives in Chicago, Illinois as a retired professor.

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