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Definition: Sharpe, William from The Penguin Dictionary of Economics

An economist at Stanford University in California, William Sharpe, was a pioneer of the capital asset pricing model, from his article ‘Capital Asset Prices: a theory of market equilibrium under conditions of risk’, Journal of Finance (1964). He jointly won the Nobel Prize for Economics in 1990 for that achievement, which built upon the foundations laid in portfolio theory by one of his fellow winners, Markowitz. envelope theorem.

Sharpe, William Forsyth

From The Hutchinson Unabridged Encyclopedia with Atlas and Weather Guide
US economist. Sharpe shared the Nobel Prize for Economics in 1990 with US economists Harry Markowitz and Merton Miller for extending Markowitz's earlier normative work on optimal financial decision-making under uncertainty, and for innovating the capital asset pricing (CAP) model, which is a positive theory of equilibrium in financial markets characterized by uncertainty. The CAP model gives a specific form to the general notion of a trade-off between the mean expected return on a diversified portfolio of securities and the systematic risk or variance of that portfolio captured by what was called the beta coefficient. A riskless portfolio would consist entirely of Treasury Bills; riskless because they never default and because their value fluctuates perfectly with the overall movements of the market. A sufficiently broad-based portfolio made up of securities selected in the same proportion as their share in total market value would carry no avoidable risk; any remaining risk of the…
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Full text Article Sharpe, William F(orsyth)

From Chambers Biographical Dictionary
1934- ♦ US economist and Nobel Prize winner Born in Cambridge, Massachusetts, and educated at the University of California, Los Angeles, he taught economics at Washington University (1961-68) and at the University of California, Irvine (1968-70), and has been a professor of finance at Stanford…
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Full text Article Sharpe Ratio

From QFinance: The Ultimate Resource
The Sharpe ratio, devised in 1966 by economist William F. Sharpe, measures the ratio of return from a portfolio to volatility. It is used to compare and select investment options, and identify which portfolio offers the most risk-efficient investment. The Sharpe ratio provides a simple way compare…
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William F. Sharpe Nobel Prize-winning financial economist
1934 Born in Boston, Massachusetts. 1955 Received BA in economics from the University of California, Los Angeles. 1956 Received MA in economics from the University of California. 1956 Appointed an economist at the Rand Corporation. 1961 Received PhD in economics from the University of California. …
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EXECUTIVE SUMMARY Rating of the past performance of securities is considered crucial by investors when they make investment decisions. Several rating methods are used in the financial literature and by the investing community to rate the performance of securities. Performance is considered to be in…
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Full text Article F

From Chambers Dictionary of Great Quotations
civilization of the F. INGE 445:29 man fallen among F. LENIN 521:41 f., song, or fleeting shade HERR 415:11 nocht but f. BARB 63:49 vnder ane fenyeit f. HENR 411:18 f. in the legend BACON 51:78 old wives’ f. BIBLE 1... …
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WHY READ IT? A classic text on investment and portfolio theory, it presents Sharpe’s groundbreaking work on the Capital Asset Pricing Model (CAPM). It examines how the financial markets operate and how investors can best deal with the uncertainties of pricing and risk. Still relevant today for…
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Full text Article William Paca (1740-1799)

From The Encyclopedia of The Continental Congresses
William Paca (1740-1799)
The scion of a wealthy Maryland family, William Paca (pronounced “pay-ka”) was one of the 56 signers of the Declaration of Independence in 1776. Historian Adolph Caso wrote, “Although his signature is among the most clearly written— ‘Paca,’ not ‘Parker’—he is rarely identified in our history books…
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Viewpoint: Bias-Free Investing Offers the Best Hope for Pension Funds
INTRODUCTION Yves Choueifaty built TOBAM in 2006, when he was managing director, head of Lehman Brothers’s quantitative asset management business in Europe. He was also previously head of Lehman Brothers Asset Management France. Prior to joining Lehman Brothers, he was CEO of Credit Lyonnais Asset…
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Year Recipient(s) 1969 Ragnar Frisch Jan Tinbergen 1970 Paul A. Samuelson 1971 Simon Kuznets 1972 Sir John R. Hicks Kenneth J. Arrow 1973 Wassily Leontief 1974 Gunnar Myrdal Friedrich A. von Hayek 1975 Leonid V. Kantorovich Tjalling C. Koopmans 1976 Milton Friedman 1977 James E. Meade Bertil Ohlin…
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Full text Article ECONOMICS

From Encyclopedia of Nobel Laureates 1901-2017
FRISCH, RAGNAR KITTIL ANTON ; TINBERGEN, JAN SAMUELSON, PAUL ANTHONY KUZNETS, SIMON SMITH HICKS SIR, JOHN RICHARD ; ARROW, KENNETH JOSEPH LEONTIEF, WASSILY W. MYRDAL, KARL GUNNAR ; VON HAYEK, FRIEDRICH AUGUST KANTOROVICH, LEONID VITALEVIC... …
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