The "father" of modern portfolio theory is
A) Markowitz.
B) Friedman.
C) Reich.
D) Sharpe.

Question

Quizplus · Accepted Answer

Harry Markowitz is considered the father of modern portfolio theory. He introduced the concept of diversification as a way to reduce risk while maximizing returns. His work on portfolio selection and risk management earned him the Nobel Prize in Economics in 1990. Friedman, Reich, and Sharpe have made significant contributions to economics and finance but their work is not directly related to modern portfolio theory.

The "Father" of Modern Portfolio Theory Is