Harry Markowitz’s Ideas Are Critically Reshaping Financial Services, Even Now

Now is a very good time to reflect on how Harry Markowitz’s ideas are critically reshaping financial services. Although Markowitz just passed away at age 95, his ideas continue to change the way people invest; and some of those ideas are behavioral.

Yes, behavioral! A lot of readers will be surprised to learn that Markowitz described himself as “the grandfather of behavioral finance.” I know. I was present when he said it, and will share my reflections in this post.