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 all history no class has been enfranchised without some selfish motive underlying. If to-day we could prove to Republicans or Democrats that every woman would vote for their party, we should be enfranchised.
    Carrie Chapman Catt (1859–1947)

    You treat world history as a mathematician does mathematics, in which nothing but laws and formulas exist, no reality, no good and evil, no time, no yesterday, no tomorrow, nothing but an eternal, shallow, mathematical present.
    Hermann Hesse (1877–1962)

    When the coherence of the parts of a stone, or even that composition of parts which renders it extended; when these familiar objects, I say, are so inexplicable, and contain circumstances so repugnant and contradictory; with what assurance can we decide concerning the origin of worlds, or trace their history from eternity to eternity?
    David Hume (1711–1776)