A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities…

- Harry Markowitz

It's like a crapshoot in Las Vegas, except in Las Vegas the odds are with the house. As for the market, the odds are with you, because on average ove…

- Harry Markowitz

To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other. One hundred securities whose returns …

- Harry Markowitz

Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios. But t…

- Harry Markowitz

In choosing a portfolio, investors should seek broad diversification, Further, they should understand that equities--and corporate bonds also--involv…

- Harry Markowitz

We next consider the rule that the investor does or should consider expected return a desirable thing and variance of return an undesirable thing.

- Harry Markowitz