A Portfolio of Nobel Laureates: Markowitz, Miller and Sharpe
回顾1990年诺贝尔经济学奖得主马科维茨、米勒和夏普在量化金融领域的贡献，简述投资组合理论诞生前的金融面貌及其革命性影响。
Three pioneers of quantitative finance have now been justly honored: Harry Markowitz, Merton Miller, and William Sharpe received the Nobel Prize in Economic Science in 1990. From today's perspective it is hard to understand what finance was like before portfolio theory. Here I attempt to provide a very brief history of the quantitative revolution in finance, drawing upon P. Bernstein's Capital Ideas (1992) and accounts of the three Nobel laureates.