John Lintner (Economist)

John Lintner was a prominent American economist known for his contributions to finance and investment theory. He is best recognized for developing the Lintner model, an extension of the Capital Asset Pricing Model (CAPM), which helps explain how expected returns on an investment relate to its risk. Lintner emphasized the importance of dividends in stock valuation, suggesting that investors prefer stocks that provide regular income. His work laid the groundwork for modern financial analysis and investment strategies, influencing how investors assess risk and return in their portfolios.