In 1990, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to, among others, Harry Markowitz for his role in the foundation of Modern Portfolio Theory (MPT). 30 years later, and more than 60 years after the original papers, are Markowitzâs insights still relevant for the finance practitioners?
We, at TOBAM, believe they are. They indeed directly inspired our management philosophy, and we recently embraced the opportunity of meeting him.