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February 21, 2018
6:00 pm - 8:00 pm

McLaren 250, University of San Francisco

Why Can’t My Life Decisions be Made by Siri?

Dr. Harry Markowitz, Nobel Laureate in Economics in 1990, will discuss his new research on investing as a game of life. Markowitz argues that financial decisions for the individual or family should be considered as part of the “Game of Life.” There will be a Q&A moderated by USF’s Professor Ludwig Chincarini.


Harry Markowitz is known as the father of modern portfolio theory. Prior to his work in the 1950s as a graduate student at Chicago, most investors bought just a handful of stocks. In his controversial paper, he applied elementary statistics to the portfolio problem and showed that buying multiple securities could result in less risk with the same return. In other words, he showed mathematically why you shouldn’t “…put all your eggs in one basket.” When anyone mentions the words “efficient frontier” or “optimal asset allocation” they are referring to Markowitz’s work. His work changed the world of investing. Dr. Markowitz has applied computer and mathematical techniques to various practical decision-making areas. In recognition, in 1989 Dr. Markowitz received the Von Neumann Award from the Operations Research Society of America for his work on portfolio theory, sparse matrix techniques and the SIMSCRIPT simulation programming language. In 1990 he shared The Nobel Prize in Economics for his work on portfolio theory. Dr. Markowitz is the principal of Harry Markowitz Company, and an adjunct professor at the Rady School of Management, UCSD.