Modern Portfolio Theory - History

History

Harry Markowitz introduced MPT in a 1952 article and a 1959 book. Markowitz classifies it simply as "Portfolio Theory," because "There's nothing modern about it." See also this survey of the history.

Read more about this topic:  Modern Portfolio Theory

Famous quotes containing the word history:

    In history as in human life, regret does not bring back a lost moment and a thousand years will not recover something lost in a single hour.
    Stefan Zweig (18811942)

    It is my conviction that women are the natural orators of the race.
    Eliza Archard Connor, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 9, by Susan B. Anthony and Ida Husted Harper (1902)

    One classic American landscape haunts all of American literature. It is a picture of Eden, perceived at the instant of history when corruption has just begun to set in. The serpent has shown his scaly head in the undergrowth. The apple gleams on the tree. The old drama of the Fall is ready to start all over again.
    Jonathan Raban (b. 1942)