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State economy rests on diverse portfolio

RALEIGH — The late Harry Markowitz, who won the 1990 Nobel prize in economics for his work on portfolio theory, reportedly said “diversification is the only free lunch” in investing.

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VIEWPOINT: State economy rests on diverse portfolio

RALEIGH — The late Harry Markowitz, who won the 1990 Nobel prize in economics for his work on portfolio theory, reportedly said “diversification is the only free lunch” in investing.

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State economy rests on diverse portfolio

The late Harry Markowitz, who won the 1990 Nobel prize in economics for his work on portfolio theory, reportedly said, “diversification is the only free lunch” in investing. By distributing your savings across a broad base of stocks, bonds, and other asset classes, you maximize long-term gains and minimize risk assuming that the performance According to a new study, only Missouri, Georgia, Arizona, Illinois, and Utah have diversified economies than North Carolina does.

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What's Behind Salt Lake City's Remarkable Recovery?

Downtown activity in Utah's capital city is far greater than it was even before the pandemic, according to some reports. While parts of the local economy still struggle, tourism has roared back.

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