Harry Markowitz
Harry Markowitz
Harry Max Markowitzis an American economist, and a recipient of the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences...
NationalityAmerican
ProfessionEconomist
Date of Birth24 August 1927
CountryUnited States of America
aware born chicago child great grocery lived morris nice owned
I was born in Chicago in 1927, the only child of Morris and Mildred Markowitz, who owned a small grocery store. We lived in a nice apartment, always had enough to eat, and I had my own room. I never was aware of the Great Depression.
stocks
I would never be 100 percent in stocks or 100 percent in bonds or cash.
analytic beyond general helped large logistics models practical simulation techniques
During the 1950s, I decided, as did many others, that many practical problems were beyond analytic solution and that simulation techniques were required. At RAND, I participated in the building of large logistics simulation models; at General Electric, I helped build models of manufacturing plants.