1. Financial Markets – Fall, 2019 – Sept 3, 2019

5. Beginning of Capitalism
and
Financial Markets

6. Capitalism and Financial Markets Are still in their infancy

7. Financial Market Theory Is Also Relatively Young
Beginning a little over 70 years ago

8. Harry Markowitz As a graduate student in Economics
at University of Chicago in the 1950s,
Harry wanted to know how to optimally
construct a portfolio of stocks
In order to make any headway,
Harry had to decide how to describe
(define) a stock. So, what to do?

9. The End