September 14, 2022
11:00 am - 1:00 pm
A Retrospective on the CAPM and his career in finance
William F. Sharpe, 1990 Nobel Laureate in Economics, will discuss the important contributions by him and others in finance, as well as tell us stories about the development of the field from Markowitz through today. He will tell us some personal stories of the early days of modern portfolio theory in a Q&A with USF’s Professor Ludwig Chincarini.
MORE ON SPEAKER:
William F. Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University’s Graduate School of Business. He joined the Stanford faculty in 1970, having previously taught at the University of Washington and the University of California at Irvine.
He was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis, the binomial method for the valuation of options, the gradient method for asset allocation optimization, and returns-based style analysis for evaluating the style and performance of investment funds.
Dr. Sharpe has published articles in a number of professional journals, including Management Science, The Journal of Business, The Journal of Finance, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, The Journal of Portfolio Management, and The Financial Analysts’ Journal.
His books include Portfolio Theory and Capital Markets (McGraw-Hill, 1970 and 2000), Asset Allocation Tools (Scientific Press, 1987), Fundamentals of Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 2000), Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 1999) and Investors and Markets: Portfolio Choices, Asset Prices and Investment Advice (Princeton University Press, 2007). Fifty-two of his papers are included in William F. Sharpe, Selected Works (World Scientific, 2012). An ebook and matlab software for Retirement Income Analysis with Scenario Matrices are available at www.stanford.edu/~wfsharpe.
Dr. Sharpe is past President of the American Finance Association. In 1990 he received the Nobel Prize in Economic Sciences.
He received his Ph.D., M.A. and B.A. in Economics from the University of California at Los Angeles. He is also the recipient of a Doctor of Humane Letters, Honoris Causa from DePaul University, a Doctor Honoris Causa from the University of Alicante (Spain), a Doctor Honoris Causa from the University of Vienna (Austria), a Doctor of Science, Economics, Honoris Causa from the London Business School and the UCLA Medal, UCLA’s highest honor.