Individual versus Institutional Investing


  • Harry M. Markowitz Marvin Speiser Distinguished Professor of Finance and Economics, Baruch College, CUNY, 17 Lexington Avenue, New York, NY 10010



This paper first describes the analytic approach that Markowitz used in developing his portfolio theory. Developing a game-of-life simulation is a parallel approach for modelling individualfinancial management. To develop a realistic simulator will require deciding what goals are essential to the family planning process, formulating optimizable subproblems, using technology to interpret and record decisions, and developing decision rules which prove robust in the model and can be implemented in practice.




How to Cite

Markowitz, H. M. (1991). Individual versus Institutional Investing. Financial Services Review: The Journal of Individual Financial Management, 1(1), 1–8.