*Quotes and pictures are utilized for illustrative purposes only and should not be construed as an endorsement, recommendation, or guarantee of any particular financial product, service, or advisor.
Quotes by Harry Markowitz (5)
Harry Markowitz, Ph.D., Nobel Laureate in Economics, 1990
"We next consider the rule that the investor does [or should] consider expected return a desirable thing and variance of return an undesirable thing."
Harry Markowitz, Ph.D., Nobel Laureate in Economics, 1990
"It is like a crapshoot in Las Vegas, except in Las Vegas the odds are with the house. As for the market, the odds are with you, because on average over the long run, the market has paid off."
Harry Markowitz, Ph.D., Nobel Laureate in Economics, 1990
"To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other. One hundred securities whose returns rise and fall in near unison afford little protection than the uncertain return of a single security."
Harry Markowitz, Ph.D., Nobel Laureate in Economics, 1990
"A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities with respect to a wide range of contingencies."
Harry Markowitz, Ph.D., Nobel Laureate in Economics, 1990
"Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios. But their No. 2 job, a very close second, is to create portfolios that their clients are comfortable with. Advisors can create the best portfolios in the world, but they won’t really matter if the clients don’t stay in them."
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