On Oct. 16, 1990, Baruch College was delighted to learn that its own Harry M. Markowitz, Marvin Speiser Distinguished Professor of Finance and Economics, had won what is probably the most prestigious of all international prizes, the Nobel Memorial Prize (his is in the field of economic sciences). Markowitz’s ideas caused a revolution in the way the investment community put together mutual funds.
Born in Chicago in 1927, Markowitz received a PhB, MA, and PhD from the University of Chicago, where he studied under such economics luminaries as Milton Friedman. The topic of Markowitz’s dissertation became the foundation of his life’s work: the application of mathematics to the analysis of the stock market (i.e., the effects of asset risk, return, correlation, and diversification on probable investment portfolio returns). His pioneering work came to be known as Modern Portfolio Theory and was essential to the development of the Capital Asset Pricing Model.
Today at 83, the Nobel laureate helms the Harry Markowitz Company, is a professor of finance at the University of California at San Diego, and sits on various advisory boards.
I think people like Harry should be an inspiration for those to understand that passion,education and understanding of a career is what it takes to be truely successful in any path we decide to take in life Cash Flow Strategies