Dr. Harry Markowitz, Father of Modern Portfolio Theory, Is Invested Now

“Nobel Prize winner Harry Markowitz, who conceived Modern Portfolio Theory, is 91 years old, boasts a list of corporate clients as long as your arm and has no intention of keeping his controversial views to himself, as evidenced in an interview with ThinkAdvisor.

For starters, here’s what Professor Markowitz thinks of artificial intelligence, the darling of multiple industries: “Artificial intelligence — quote-unquote — is artificial idiocy,” he argues. “There’s no magic elixir that somehow the Sorcerer’s Apprentice is conjuring up mysterious intelligence. It’s a [computer] program!”…”


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