MARKOWITZ AND A NEW THEORY OF INVESTING. MARKOWITZ, HARRY. 1927-2023. Portfolio Selection: Effic...

MARKOWITZ AND A NEW THEORY OF INVESTING. MARKOWITZ, HARRY. 1927-2023. Portfolio Selection: Efficient Diversification of Investments. New York: John Wiley & Sons, 1959. (Cowles Foundation for Research in Economics at Yale University, Monograph 16). Publisher's light blue cloth, lettered in gilt, original light blue dust jacket, printed in black, minor fading to spine and outer margins, light chipping to spine ends and corners. Provenance: A. Hoggart(?) (ink inscription). WITH: Business Card Signed ('Harry Markowitz'), with a note 'Thanks for your interest. H.M.' Provenance: Hon. Stanley C. Wisniewski (pencil inscription). A FINE FIRST EDITION IN DUST JACKET OF HIS GAME-CHANGING THEORY OF INVESTING, with Markowitz's signed business card laid-in. Developed in 1952, and systematized with this book publication in 1959, Markowitz's mathematics-based system for diversifying an investment portfolio against uncertainty and risk has become largely standardized accross the investment industry. Fellow Nobelist Paul Samuelson reportedly observed, 'Wall Street stands on the shoulders of Harry Markowitz.' He was awarded the 1990 Nobel Prize for his work. For further information on this lot please visit Bonhams.com For further information about this lot please visit the lot listing