I interviewed Larry Siegel and Stephen Sexauer on the work of Harry Markowitz!

In this episode of the Financial Thought Exchange, the official CFA Institute Research Foundation podcast, I sit down with to discuss Harry Markowitz and the article that Larry Siegel and Stephen Sexauer published on this remarkable man for the Financial Analyst Journal.

This piece was published in celebration of the life of Markowitz, who sadly left us in 2023. We discuss the philosophy and math that have guided portfolio construction and asset allocation since Markowitz introduced his optimization framework in 1952. As the authors note, Markowitz left us the task of figuring out how to estimate the expected return and risk which are so important for the outputs of this well-established model.

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