Remembering Harry Markowitz

Celebrating 50 years of The Journal of Portfolio Management

The Journal of Portfolio Management (JPM) debuted in the fall of 1974 during a decade of stagflation and geopolitical tumult and well into a deep recession. Over the past half-century, the journal has provided a front-row seat to the evolution in our understanding of the capital markets. Competing ideas have done battle in the field of finance, some winning and some losing. Many good ideas have emerged, while a few bad ideas have gradually faded away, often so slowly that their passing was barely noticed.

Fifty Years of Innovation, Mythmaking, and Mythbusting: Personal Reflections

The upcoming special issue of The Journal of Portfolio Management isn't just another edition; it's a historic milestone that commemorates 50 years of groundbreaking research that has shaped the investment industry. In collaboration with our esteemed sponsors, we aim to honor the visionaries and contributors who have defined modern portfolio theory and continue to shape its future trajectory. Within this exclusive collection, we will delve into the intricacies of portfolio management, exploring innovative methodologies, and presenting diverse perspectives on the evolving landscape of investment strategies. This special issue is a testament to JPM's unwavering commitment to advancing knowledge, driving innovation, and facilitating informed decision-making within the investment community.

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Just Published

Capitalization-Weighted Indexes, RAFI, “Smart Beta,” and Factors (JPM Series)

Fundamental indexes like RAFI as well as so-called “smart beta” or factor-based approaches can add value relative to traditional capitalization-weighted perspectives.

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Rob Arnott's Remarks on the Passing of Harry Markowitz
Rob Arnott's Remarks on the Passing of Harry Markowitz

Journal of Portfolio Management (JPM) Series

Past, Present, and Future of Modern Finance (JPM Series)
Publication
Past, Present, and Future of Modern Finance (JPM Series)
By Rob Arnott
The Efficient Market Hypothesis vs. Roaring Kitty (JPM Series)
Publication
The Efficient Market Hypothesis vs. Roaring Kitty (JPM Series)
By Rob Arnott
The Equity Risk Premium: Nine Myths (JPM Series)
Publication
The Equity Risk Premium: Nine Myths (JPM Series)
By Rob Arnott
The Greatest Scourge in Factorland: Revaluation Alpha = Fake Alpha (JPM Series)
Publication
The Greatest Scourge in Factorland: Revaluation Alpha = Fake Alpha (JPM Series)
By Rob Arnott

Explore JPM Publications

Our journal and working papers provide innovative research and perspectives on smart beta, asset allocation, and more. Stay informed and expand your investment knowledge with our latest work.

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