It is with great sadness that we inform the membership that, AFA Past-President and Nobel-Prize winner, Harry Markowitz passed away on Thursday, June 22, at the age of 95.
Dr. Markowitz is considered to be the father of modern portfolio theory which is taught in many finance courses today. He served as the President of the American Finance Association in 1982 and was a Fellow of the Association. Dr. Markowitz published numerous articles in the Journal of Finance, including his dissertation paper from 1952, “Portfolio Selection,” which remains one of the most highly cited works to appear in the Journal. He received the Nobel Prize in Economics in 1990 for this path breaking and foundational work.
Dr. Markowitz was a professor at the University of California, San Diego and received his Ph.B., M.A., and Ph.D. from the University of Chicago.
His career was prolific and diverse and Dr. Markowitz’s insights and contributions have forever impacted the finance community.
New York Times: https://www.nytimes.com/2023/06/25/obituaries/harry-m-markowitz-dead.html.
Pensions & Investments: https://www.pionline.com/memoriam/harry-m-markowitz-father-modern-portfolio-theory-dies-95.
Harry Markowitz: An Appreciation. https://wilmott.com/harry-markowitz-an-appreciation-part-i/ and https://wilmott.com/harry-markowitz-an-appreciation-part-ii/