Harry Markowitz Quotes

• Una buena cartera es más que una larga lista de buenas acciones y bonos. Es un conjunto equilibrado, que proporciona al inversor protecciones y oportunidades con respecto a una amplia gama de contingencias.

  Harry Markowitz

  Business, Opportunity, Long

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• To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other. One hundred securities whose returns rise and fall in near unison afford little protection than the uncertain return of a single security.

  Harry Markowitz

  Fall, Risk, Return

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• Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios. But their No. 2 job, a very close second, is to create portfolios that their clients are comfortable with. Advisors can create the best portfolios in the world, but they won't really matter if the clients don't stay in them.

  Harry Markowitz

  Jobs, Important, Matter

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• In choosing a portfolio, investors should seek broad diversification, Further, they should understand that equities--and corporate bonds also--involve risk; that markets inevitably fluctuate; and their portfolio should be such that they are willing to ride out the bad as well as the good times.

  Harry Markowitz

  Risk, Portfolios, Good Times

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• Es como un juego de azar en Las Vegas, salvo que en Las Vegas las probabilidades están con la casa. En cuanto al mercado, las probabilidades están con usted, porque en promedio en el largo plazo, el mercado ha pagado.

  Harry Markowitz

  Running, Odds, Las Vegas

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• We next consider the rule that the investor does or should consider expected return a desirable thing and variance of return an undesirable thing.

  Harry Markowitz

  Doe, Investing, Next

  Harry Markowitz (2009). “Harry Markowitz: Selected Works”, p.15, World Scientific

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