Harry Markowitz, Nobel laureate, will discuss “Portfolio Theory: Past, Present and Future,” at 3:30 p.m. Friday, April 15, in Smith CUE 203. The public is invited to this annual Brinson Lecture in the College of Business and Economics.

“Dr. Markowitz’s contributions changed the field of investments from a series of ad-hoc rules-of-thumb to a science,” said Rick Sias, professor of finance and the Gary P. Brinson Endowed Chair of Investment Management.

Markowitz first published his ideas on modern investment portfolio theory in a 1952 article and later in a 1959 book. His pioneering work applied computer and mathematical techniques to the practice of portfolio management. This has become a standard topic in college courses and texts on investments and is widely used by institutional investors for asset allocation, risk control and attribution analysis.

In 1990, Markowitz shared the Nobel Prize in Economics for his work on portfolio theory.

The Brinson Lecture series is sponsored by gifts from Gary P. Brinson, a WSU MBA alumnus. He is the founder and retired chairman of Brinson Partners, Inc., and is a nationally recognized authority on global investing.