Harry Markowitz

Harry Markowitz is a renowned economist best known for his work in modern portfolio theory, which he introduced in the 1950s. This theory emphasizes the importance of diversifying investments to maximize returns while minimizing risk. By analyzing how different assets interact with one another, Markowitz demonstrated that a well-constructed portfolio can reduce overall risk without sacrificing potential returns. His ideas have fundamentally shaped investment strategies and portfolio management, earning him the Nobel Prize in Economic Sciences in 1990. Markowitz's work provides a framework for making informed investment decisions in unpredictable financial markets.