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While Harry Markowitz's Modern Portfolio Theory forced a fundamental change in the assumptions of investing, its central insight remains theoretical.

United statesTyler cowenMilton friedmanRobert lucasNdileka mandelaHarry markowitzUniversity of california at san diegoUniversity of chicagoBloomberg opinionSan diegoModern portfolio theoryNefficient marketCapital asset pricing modelFrom bloomberg opinionLaureate robert lucasRemade economics