In December of 2006, which is almost 17 years ago, I wrote the original version of this short paper titled “Markowitz Bites Back: The Failure of CAPM, Compression of Risky Asset Spreads and Paths Back ...

The evolution of the Portfolio Theory from Harry Markowitz to Richard and Robert Michaud's Resampled Efficiency. Markowitz fleshes out MPT in his book Portfolio Selection: Efficient Diversification of ...

Harry Markowitz may not be a household name, but among asset allocators he is the undisputed king. Considered the father of modern portfolio theory (MPT), his foundational work (mostly done in the ...

Noble Prize winners and “Modern Portfolio Theory” pioneers Harry Markowitz and William Sharpe developed what we know today as the 60-40 portfolio. This strategy consisted of a hypothetical 60% ...

The Journal of Investment Management (JOIM) and New Frontier Advisors proudly announce the recipients of the 2025 Harry M. Markowitz Award, named in honor of Dr. Harry M. Markowitz, a seminal figure ...

The efficient frontier is defined as the set of portfolios which maximizes expected return for a given level of risk. The theory was developed by Nobel laureate and economist, Harry Markowitz, and has ...