168: Harry Markowitz on His Journey Through Philosophy and Finance and Not Being Done Yet

Dr. Harry Markowitz is the principal of Markowitz Company, and an adjunct professor at the Rady School of Management, UCSD.

Dr. Harry Markowitz has applied computer and mathematical techniques to various practical decision making areas.

In recognition of his work, Harry received the 1989 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.

People Mentioned by Harry in this Episode:

Aristotle, Conrad Jankowski, Daniel Kahneman, Amos Tversky, Kenneth Arrow, Milton Friedman, Theodore Schultz, John Maynard Keynes, Lenard J. Savage, Milton Friedman, Hersh Shefrin, Haim Levy, Daniel Bernoulli, Warren Buffet, David Swinson,

Links:

• Art Institute Chicago
• Field Museum of Natural History 
• Shedd Aquarium
• Adler Planetarium
• Cowles Commission
• The Great Books Foundation – Hutchin’s Adler Foundation 

Papers:

• Portfolio Selection by Harry Markowitz
• The Utility of Wealth by Harry Markowitz
• Social Welfare Functions Based on Individual Rankings by Leo Goodman and Harry Markowitz
• The Utility Analysis of Choices Involving Risk by Friedman, M. and Savage, L. J.
• Single-Period Mean-Variance Analysis in a Changing World by Markowitz, H. and van Dijk, E. L.

Books:

• 4 Volume books by Harry Markowitz

  Thinking, Fast and Slow by Daniel Kahneman

  The Origin of Species by Charles Darwin

  Complete Works of Aristotle, Vol. 1

  Complete Works of Aristotle, Vol. 2

  Plato: Complete Works

  A Treatise of Human Nature by David Hume

  Discourse on Method: For Conducting Reason and Seeking the Truth in the Sciences by René Descartes

  Critique of Pure Reason by Kant

  ABC of Relativity by Bertrand Russell 

  Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing by Hersh Shefrin

  Behavioral Finance Volume I, II and III by Hersh Shefrin

  Theory of Games and Economic Behaviour by John von Neuman and Oskar Morgenstern

  Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment by David F. Swensen

  The Organon by Aristotle

  Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay

  The Wealth of Nations by Adam Smith

  On War by Carl von Clausewitz

  The Theory of Investment Value by John Burr Williams

  Great Books of the Western World

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