Andrew Lo: Finding the Perfect Portfolio--a ‘Never-Ending Journey’

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 4 July 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

The author and financial researcher discusses his new book on the rise of Modern Portfolio Theory and practice.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, Purchase New York.
0:24.6	Hi everyone, we're taking the week off for the 4th of July holiday, but we wanted to use this week's
0:31.6	episode to honor Nobel Prize-winning economist Harry Markowitz, who recently passed away at the age of 95. Professor Markowitz is a giant of finance,
0:41.3	someone who put diversification and modern portfolio theory on the map, with his research
0:46.1	transforming the way we allocate and invest our assets. While we didn't have the opportunity to interview
0:51.8	Professor Markowitz for the podcast, we were
0:54.4	able to chat recently with someone who had interviewed him, author and financial researcher Dr. Andrew
1:00.0	Lowe. Dr. Lowe recently published a book entitled, In Pursuit of the Perfect Portfolio, in which
1:06.4	he profiled some of the leading figures in academic research and finance. None stood taller than
1:11.6	Professor Markowitz, who Dr. Lowe discusses at length in this interview we aired in February of 2022.
1:17.7	We think you'll enjoy it. Thanks so much for listening and see you in a week. Have a happy holiday.
1:24.1	Please stay tuned for important disclosure information at the conclusion of this episode.
1:30.6	Hi, and welcome to the Longview. I'm Jeff Battack, Chief Ratings Officer at Morningstar Research Services.
1:36.1	And I'm Christine Ben's Director of Personal Finance and Retirement Planning at Morningstar.
1:40.8	Our guest this week is Dr. Andrew Lowe. Dr. Lowe is the Charles E. and Susan T. Harris
1:46.1	professor, a professor of finance, and the director of the laboratory for financial engineering
1:51.3	at the MIT Sloan School of Management. His current research spans five areas, including
1:57.5	evolutionary models of investor behavior and adaptive markets, systemic risk and financial
	...

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