Now THIS is an investment expert worth listening to... but why bother?

Updated: Oct 15, 2020

Some time ago, I wrote a blog post critical of Warren Buffett's investment advice.

However, today's post deals with a person who actually does know how to give investment advice. Harry Markowitz, recepient of the Nobel Prize in Economics for Modern Portfolio Theory had this to say:

“Diversify,” Nobel-Prize winner Harry Markowitz once responded when asked how investors should approach the stock market. “And if I had to offer a second piece of advice, it would be: Remember that the future will not necessarily be like the past. Therefore we should diversify.

Marketwatch: The 'greatest investor of all time has one and only one word of advice'