Harry Markowitz was born in 1927 in Chicago. He received his Ph.D. in economics at the University of Chicago and has subsequently combined successful academic and business careers.

In 1990, Harry Markowitz was awarded the Nobel prize in economic sciences, for the development of the portfolio selection theory.

Markowitz’s studies have influenced the entire world of finance and made him a key figure in contemporary investment research.

According to Markowitz, investors should not only select portfolios that maximize expected profit, but should consider the variance of the return in order to protect their investments in a risky and uncertain market.