|
"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
Economist
University of Chicago, AM Economics
University of Chicago, BA Philosophy
Portfolio Selection
Risk-Return Analysis
Harry Markowitz Selected Works
Mean-Variance Analysis in Portfolio Choice and Capital Markets
The Simscript II Programming Language
Wikipedia
Also see:
Capital Ideas, Peter Bernstein
Harry Markowitz interview, #1
Michael Covel's Film |
|
|
