|
|
WILLIAM F. SHARPE STANCO 25 Professor of
Finance, Emeritus DEGREES:
1956 M.A., University of California, Los Angeles: Economics 1961 Ph.D.,
University of California, Los Angeles: Economics 1997 Doctor
of Humane Letters, Honoris Causa, De Paul University 2003 Doctor Honoris Causa, The University of Alicante, Spain 2004 Doctor Honoris Causa, The University of Vienna, Austria
POSITIONS: 1956-1961 Economist, The
RAND Corporation 1961-1963 Assistant
Professor, University of Washington 1963-1967 Associate
Professor, University of Washington 1967-1968 Professor,
University of Washington 1968-1970 Professor,
University of California, Irvine 1970-1973 Professor,
Stanford University 1986-1988 President,
Sharpe-Russell Research, Inc. 1973-1989 Timken Professor
of Finance, Stanford University 1988-1990 Chairman,
Sharpe-Tint, Inc. 1989-1992 Timken Professor
Emeritus of Finance, Stanford University 1992-1995
Professor of Finance, Stanford University 1995-1999
STANCO 25 Professor of Finance, Stanford University 1999-2002
Special Advisor, Hong Kong Council
on Innovation and Technology 1996- Director, Financial Engines, Inc. 1999- STANCO 25 Professor Emeritus of Finance , Stanford University 1999- Director, C.M. Capital Corporation
CONSULTING: 1961-1963 The Boeing
Company 1963
International Business Machines Corporation 1963-1968 The RAND
Corporation 1967-1968 Arthur D.
Little, Inc. 1967
McKinsey and Company 1967-1969 Western Airlines 1969
The RAND Corporation 1970-1977 Merrill Lynch,
Pierce, Fenner and Smith, Inc. 1973
Allstate Insurance Company 1973-1986 Financial
Research Associates 1976-1979 Wells Fargo Bank 1979-1981 Canavest House
Limited 1981-1986 Wells Fargo
Investment Advisors 1984-1986 The Frank Russell Company 1987-2001
Union Bank of Switzerland 1993-
California Public Employees Retirement Fund 1993-
United Technologies Pension Fund 1993-
Hewlett-Packard Pension Fund 1995-
Altria Pension Fund 1995- C.M. Capital Corporation 2002-
University of California Regents Retirement System
PROFESSIONAL
SOCIETIES: American Finance Association International Association of Financial Engineers Financial Management Association The Institute for Quantitative Research in Finance
OTHER POSITIONS: Associate Editor, The Journal of Financial
and Quantitative Analysis, 1966-1972. Associate Editor, Management Science,
1970-1972. Associate Editor, The Bell Journal of
Economics and Management Science, 1970-1973. Editorial Advisor on Finance and Computer
Science, Praeger Publishers: New Directions in Management and Economics Series, 1970-1972. Visiting Professor, London Graduate School of
Business, January, 1972. Member, Policy Committee, Computer Research Center for Economics and Management Sciences (National Bureau of Economic Research), 1972-1975. Senior
Research Associate, National Bureau of Economic Research, 1976-1977. Trustee,
College Retirement Equities Fund, 1975-1983. Director,
American Finance Association, 1977-1978. Director,
Western Finance Association, 1978-1980. Trustee,
Financial Analysts Research Foundation, 1978-1981. Vice
President, American Finance Association, 1979. President,
American Finance Association, 1980. Associate
Editor, The Journal of Finance, 1983-1986. Research
Associate, National Bureau of Economic Research, 1982-1986. Co-director,
Stanford-International Program in Investment
Management, 1983-1985. Co-director,
Stanford-London Graduate School of Business Investment Management Program, 1986. Academy
of Financial Services, Board of Directors, 1986-1987. Member,
Prize Committee, Institute for Quantitative Research in Finance,
1983-1992. Member,
Advisory Board, Program in Finance, Golden Gate University, 1986-1992. Trustee,
Research Foundation of the Institute of Chartered Financial Analysts,
1987-1993. Member,
Council on Education and Research, the Institute of Chartered Financial Analysts, 1987-1993. Member,
Task Force on the Body of Knowledge, the Association for Investment
Management and Research, 1990-1991. Member,
Visiting Committee, Jerusalem School of Business, Hebrew University,
1993 Juror,
Prize in Economy, "Rey Jaime I" (Spain), 1995, 2000, 2005, 2006, 2007 Trustee,
Dominican College of San Rafael, 1987-1989, 1992-.1996 Trustee,
AXA Rosenberg Mutual Funds 1988-2003.
Associate Editor, The Journal of Fixed Income, 1991-1995 Trustee,
Smith Breeden Associates, Inc., 1992-2000. Senior
Fellow, International Association of Financial Engineers, 1993- Member,
Financial Economists Roundtable, 1993- Director,
Stanford Management Company, 1993-2001. Director,
C-ATS Software, 1994 -1997 Distinguished
Fellow, The Institute for Quantitative Research in Finance, 1994 - Adviser,
Japanese Financial Economics Association, 1994 - Member, Charles Schwab Financial Services Advisory Council, 1994-1997 Director, Financial Engines, Inc. 1996- Member, Board of International Advisors, Monterey Institute of International Studies, 2003-
Advisor, The Mingly Corporation, 2001-
Member, Advisory Council of the Financial
Analysts Journal, 2007-
Member, Investment Committee, Community Hospital of the Monterey
Peninsula, 2007-
HONORS: Phi Beta Kappa Financial
Analysts' Federation, Graham and Dodd Award for excellence in financial
writing for 1972. Financial
Analysts' Federation, Graham and Dodd Award for excellence in financial
writing for 1973. Dow-Jones and
American Assembly of Collegiate Schools of Business award for
outstanding contribution to the field of collegiate business education,
1980. Financial
Analysts' Federation, Graham and Dodd Award for excellence in financial
writing for 1986. Financial
Analysts' Federation, Graham and Dodd Award for excellence in financial
writing for 1987. Financial
Analysts' Federation, Graham and Dodd Award for excellence in financial
writing for 1988. Financial
Analysts' Federation, Nicholas Molodovsky Award, 1989. Western
Finance Association, Enduring Contribution Award, 1989. The Prize in
Economic Sciences in Memory of Alfred Nobel, 1990. Eastern
Finance Association, Distinguished Scholar Award, 1991. UCLA Alumni
Association, Award of Distinction, 1991. Senior
Fellow, International Association of Financial Engineers, 1993. James R.
Vertin Award of the Research Foundation of the ICFA, 1996 Doctor of
Humane Letters, honoris causa, De Paul University, 1997 The UCLA
Medal, 1998 Fellow, the
American Finance Association, 2000- Fellow, The
Financial Management Association International, 2000- Risk Magazine, Lifetime Achievement Award, 2002 Financial
Analysts' Federation, Graham and Dodd Award for excellence in financial
writing for 2002 Doctor Honoris Causa, The University of Alicante, Spain 2003 Doctor Honoris Causa, The University of Vienna, Austria, 2004 Chicago
Mercantile Exchange Fred Arditti Innovation Award, 2005 Award for
Lifetime Achievement in Indexing, the Superbowl of Indexing, 2005 CFA
Institute, Graham and Dodd Award for excellence in research and
financial writing, 2008 COURSES TAUGHT: 1960:
University of California at Los Angeles (Extension) 1960:
San Fernando Valley State College 1966:
University of California, Berkeley 1961-1968:
University of Washington 1968-1970
University of California, Irvine 1970 - 2001
Stanford University
PUBLICATIONS: Proposal for a Smog Tax, with D. M. Fort, W.
A. Niskanen and A. H. Pascal, The RAND Corporation, Paper P-1621-RC,
February 1959, 27 pages. "Aircraft Compartment Design Criteria
for the Army Deployment Mission," Naval Research Logistics Quarterly,
Vol. 8, No. 4, December 1961, pp. 381-394. "A Simplified Model for Portfolio
Analysis," Management Science, Vol. 9, No. 2, January 1963, pp.
277-293. "Mathematical Investment Portfolio
Selection - Some Early Results," University of Washington Business
Review, April 1963. "Estimating the Productivity of
Transport Aircraft in Military Deployment Through Computer Simulation",
with Lawry W. Mann, The Boeing Company, Document D6-8586, November
1963, 65 pages. "Financial Electronic Data Processing
Equipment in the Federal Government - A Comparison of Purchase and
Leasing," The Quarterly Review of Economics and Business, Vol.
3, No. 4, Winter 1963, pp. 59-66. "Capital Asset Prices - A Theory of
Market Equilibrium Under Conditions of Risk," The Journal of
Finance, Vol. XIX, No. 3, September 1964, pp. 425-442. "The Army Deployment Simulator", The
RAND Corporation, Research Memorandum RM-4219-ISA, November 1964, 75
pages. "Estimating the Productivity of Large
Transport Aircraft in Army Deployments - A Simplified Method", The RAND
Corporation, Research Memorandum RM-4312-PR, November 1964, 58 pages. "On Capital Asset Prices - Reply," The
Journal of Finance, Vol. XX, No. 1, March 1965, pp. 94-95. "Mutual Fund Performance - Measurement
and Prediction", The RAND Corporation, Paper P-3096, March 1965, 35
pages. "Risk-Aversion in the Stock Market -
Some Empirical Evidence," The Journal of Finance, Vol. XX, No.
3, September 1965, pp. 416-422. "Computer Pricing Policies From an
Economist's Point of View," in Economics of Automatic Data
Processing, (A. B. Frielink, Editor), North-Holland Publishing
Co., pp. 238-247. "On the Marginal Utility of
Information" (Letter to the Editor), Datamation, October 1965,
pp. 14, 133. "Mutual Fund Performance," The
Journal of Business, Vol. XXXIX, No. 1, Part II, January 1966, pp.
119-138. "Business Finance - Innovation in
Analysis" (Discussion), The Journal of Finance, Vol. XXI, No.
2, May 1966, pp. 247-248. "Atypical Indifference Curves - A
Comment," University of Washington Business Review, Vol. XXV,
No. 4, April/June 1966, 42-44. "A Model for Selecting, Routing, and
Loading Cargo Aircraft", The RAND Corporation, Research Memorandum
RM-4509-PR, June 1966, 45 pages. Business Finance: Theory
and Management, Major authors: Stephen H.
Archer and Charles A. D'Ambrosio, MacMillan Co., 1966, pp. 42-92. "The NATO Force Planning Cost Model",
with A. A. Barbour and D. M. Fisk, The RAND Corporation, RM-5066-ISA,
142 pages. "Security Prices, Risk, and Maximal
Gains From Diversification: Reply," The
Journal of Finance, Vol. XXI, No. 4, December 1966, pp. 743-744. "A Linear Programming Algorithm for
Mutual Fund Portfolio Selection," Management Science, Vol. 13,
No. 7, March 1967, pp. 499-510. BASIC: An
Introduction to Computer Programming Using the BASIC Language, The
Free Press (New York), 1967, 144 pages. "UWBIC - The University of Washington
BASIC Interpretive Compiler", Technical Reports Series #3, Graduate
School of Business Administration, University of Washington, 1967, 93
pages. "Portfolio Analysis," The Journal
of Financial and Quantitative Analysis, Vol. II, No. 1, June 1967,
pp. 76-84. "UWBIC - University of Washington BASIC
Interpretive Compiler," Behavioral Science, Vol. 13, 1968, p.
81. "Mutual Fund Performance and the Theory
of Capital Asset Pricing--Reply," The Journal of Business, Vol.
41, No. 2, April 1968, pp. 235-236. The Economics of Computers, The
Columbia University Press (New York), 1969, 571 pages. Portfolio Theory and Capital Markets,
McGraw-Hill Book Company (New York), 1970, 316 pages. "Efficient
Capital Markets" (Discussion), The Journal of Finance, May
1970, pp. 418-420. "Basic Data for Policy and Public Decisions: Technical Aspects" (Discussion), The
American Economic Review, May 1970, pp. 166-167. "Computer-Assisted Economics," The
Journal of Financial and Quantitative Analysis, 1970. BASIC: An Introduction to Computer Programming Using
the BASIC Language (with Nancy L. Jacob), Revised Edition, The
Free Press (New York), 1971, 177 pages. "Mean-Absolute Deviation Characteristic Lines
for Securities and Portfolios," Management Science, October
1971, pp. B-1-B-13. "A Linear Programming Approximation for
the General Portfolio Analysis Problem," Journal of Financial and
Quantitative Analysis, December 1971, pp. 1263-1275. "Risk, Market Sensitivity and
Diversification," Financial Analysts Journal, January/February
1972, pp. 74-79. "Simple Strategies for Portfolio
Diversification: Comment," Journal of
Finance, March 1972, pp. 127-129. "Efficient Capital Markets with Risk," Wall
Street Transcript, April 17, 1972, pp. 28, 025-28, 027. "Risk-Return Classes of New York Stock
Exchange Common Stocks, 1931-1967," (with Guy M. Cooper), Financial
Analysts Journal, March/April 1972, pp. 46-54, 81, 95-101. "Risk-Adjusted Measures of Security and
Portfolio Performance," in Risk and Regulated Firms, Michigan State
University, 1973, pp. 5-17. "The Capital Asset Pricing Model: Traditional and 'Zero-Beta' Versions," Journal
of the Midwest Finance Association, 1973, pp. 1-12. Introduction to Managerial Economics,
Columbia University Press, 1973. "Bonds Versus Stocks:
Some Lessons From Capital Market Theory," Financial
Analysts Journal, November/December 1973, pp. 74-80. "The Cost and Effectiveness of Computer
Systems," in J. Daniel Couger and Robert W. Knapp, Editors, System
Analysis Techniques, John Wiley & Sons (New York), 1974, pp.
446-470. "Imputing Expected Returns From
Portfolio Composition," Journal of Financial and Quantitative
Analysis, June 1974, pp. 463-472. "Are Analysts Really Necessary?" Wall
Street Transcript, July 29, 1974, pp. 37, 683-37, 684. Teoria de Cartera y del Mercado de
Capitales, 1974, Ediciones Deusto, Bilbao, Spain (Spanish
translation of Portfolio Theory and Capital Markets). "Adjusting for Risk in Portfolio
Performance Measurement," Journal of Portfolio Management,
Winter 1975. "Risk and the Market Model," Felix
Roenfeld, Editor, The Evaluation of Ordinary Shares, Dunod
(Paris), 1975, pp. 181-188. "Closed-end Investment Companies in the
United States" (with Howard B. Sosin), European Finance
Association, 1974 Proceedings (B. Jacquillat, Editor),
North-Holland, 1975, pp. 37-63. "Likely Gains From Market Timing," Financial
Analysts Journal, March/April 1975, pp. 60-69. "em Equilibrio sob Condicoes de Risco" (with Ney O. Brito), Revista
Brasileira de Mercado de Capitais, Mai/Ago, 1975, pp. 275-287. "De Toekomstige Beleggingsanalyse,"
Bedrijfskunde Tijdschrift voor Modern Management, 1976/1, pp. 63-69. "Risk, Return and Yield:
New York Stock Exchange Common Stocks, 1928-1969" (with
Howard B. Sosin), Financial Analysts Journal, March/April 1976,
pp. 33-42. "Corporate Pension Funding Policy," Journal
of Financial Economics, June 1976, pp. 183-193. "The Parable of the Money Managers," Financial
Analysts Journal, July/August 1976, p. 4. L'Economia del Computer (A
condensed translation of The Economics of Computers), Boringhiere
(Bergamo, Italy), 1976. "The Capital Asset Pricing Model: A 'Multi-Beta' Interpretation," Haim Levy and
Marshall Sarnat, Editors, Financial Decision Making Under
Uncertainty, Academic Press (New York), 1977, pp. 127-136. "Adjusting for risk in performance
measurement," in Peter L. Bernstein, Editor, Portfolio management
and efficient markets: Theoretical
Revelance and Practical Applications, Institutional Investor
Books, 1977, pp. 113-127. Investments, (Prentice-Hall),
1978, 617 pages. "New Evidence on the Capital Asset
Pricing Model: Discussion," Journal of
Finance, June 1978, pp. 917-920. "Major Investment Styles," Journal of Portfolio Management, Winter 1978, pp. 68-75. "Bank Capital Adequacy, Deposit Insurance,
and Security Values," Journal of Financial and Quantitative
Analysis, November 1978, pp. 701-718. "Duration and Security Risk" (with
Ronald Lanstein), Journal of Financial and Quantitative Analysis,
November 1978, pp. 653-668. "On the Uses of the CAPM in Public
Utility Rate Cases: Comment," Financial
Management, Autumn 1978, p. 71. "Second Thoughts About the Efficient
Market" (Interview), Fortune, February 26, 1979, pp. 105-107. "Bonds versus Stocks:
Some Lessons from Capital Market Theory" (Translation), The
Japanese Security Analysts' Journal, April 1979. "Security Codings:
Measuring Relative Attractiveness in Perfect and Imperfect
Markets," Proceedings, Seminar on the Analysis of Security Prices, May
1979, pp. 1-20, Graduate School of Business, University of Chicago. "Comparative Measures of Bank Capital
Adequacy" (with Laurie S. Goodman), Salomon Brothers Center for the
Study of Financial Institutions, New York University, Working Paper
174, July 1979. "Citation Classic" (Description), Current
Contents, Social and Behavioral Sciences, Institute for Scientific
Information (Philadelphia), Vol. 11, No. 33, August 13, 1979, p. 12. BASIC: An
Introduction to Computer Programming Using the Basic Language, (Third
Edition), with Nancy L. Jacob, The Free Press (New York), 1979. "A Simplified Model for Portfolio
Analysis," reprinted in Carrol D. Aby, Jr. and Donald E. Vaughn, Investment
Classics, Goodyear Publishing Co. (Santa Monica, California), 1979,
pp. 346-360. "Risk, Return and Yield:
New York Stock Exchange Common Stocks, 1928-1969" (with
Howard B. Sosin), reprinted in Carrol D. Aby, Jr. and Donald E. Vaughn,
Investment Classics, Goodyear Publishing Co. (Santa
Monica, California), 1979, pp. 54-65. "Mercados de Capitais Efficientes: Precos
em Equilibriuo sub Condicoes de Risco," in O Merdado de Capitais e
a Estructura Empresarial Brasiliera Ney Roberta Ottoni de Brito,
Editor, Editora Guanabara Dais, (Rio de Janeiro), 1981. "Portfolio Management--Computer Based
Techniques," in Richard B. Tress and Ian C. Young, editors, Modern
Portfolio Management, (Proceedings for a seminar) Centre for
Studies in Money, Banking, and Finance, MacQuarie University, Sydney,
Australia, February 1981, pp. 4-25. "Inflation, Hedging and Portfolio
Management," in Richard B. Tress and Ian C. Young, Editors, Modern
Portfolio Management, (Proceedings of a seminar) Centre for Studies
in Money, Banking and Finance, MacQuarie University, Sydney, Australia,
February 1981, pp. 47-63. "Decentralized Investment Management," Journal
of Finance, May 1981, pp. 217-234. "Bank Capital Adequacy, Deposit Insurance,
and Security Values," in Sherman J. Maisel, Editor, Risk and
Capital Adequacy in Commercial Banks, University of Chicago Press,
1981, pp. 187-202. Investments, Second Edition,
Prentice-Hall, 1981. Investments, Japanese Version,
Second Edition, Prentice-Hall, 1981. "Security Codings: Measuring Relative
Attractiveness in Perfect and Imperfect Markets," in William F. Sharpe
and Cathryn M. Cootner, Editors, Financial Economics, Essays in
Honor of Paul Cootner, Prentice-Hall, Inc., 1982, pp. 216-229. "Combining Financial and Actuarial Risk: Simulation Analysis" (Discussion), The
Journal of Finance, May 1982, pp. 604-606. "Some Factors in New York Stock
Exchange Security Returns, 1931-1979," The Journal of Portfolio
Management, Summer 1982, pp. 5-19. "RatBAS
Basics" (with Brent D. Weaver), PC Magazine, October 1982, pp.
121-131. "Portfolio Management--Computer Based
Techniques," reprinted in Japanese Security Analysts' Journal,
January 1983, Volume 21, Number 1, pp. 33-52. "Duration and Immunization: Comments," Innovations in Bond Portfolio
Management: Duration Analysis and
Immunization, George G. Kaufman, G.O. Bierwag
and Alden Toevs, Editors, JAI Press Inc., (Greenwich, Connecticut),
1983, pp. 159-162. "Modern Portfolio Theory," Japanese
Security Analysts Journal, June 1983, Volume 21, Number 6, pp.
47-64. "Microcomputer Perspectives: Economies of Scale, Technological Progress and
Standardization," Financial Analysts Journal, Vol. 39, No. 5,
September/October 1983, pp. 25-27. "Microcomputer Perspectives: Relational Data Base Management Systems," Financial
Analysts Journal, Vol. 40, No. 1, January/February 1984, pp. 18-21. "Optimal Funding and Asset Allocation
Rules for Defined-Benefit Pension Plans" (with J. Michael Harrison), in
Financial Aspects of the United States Pension System, Zvi Bodie
and John B. Shoven, Editor, The University of Chicago Press (Chicago),
1983, pp. 91-105. "Inside 1-2-3 Worksheet Files," PC
Tech Journal, Vol. 2, Number 4, October 1984, pp. 155-166. "Factor models, CAPMs, and the APT," The
Journal of Portfolio Management, Fall 1984, Volume 11, Number 1,
pp. 21-25. "Practical Aspects of Portfolio
Optimization," Improving the Investment Decision Process: Quantitative Assistance for the Practitioner
and for the Firm, Dow-Jones Irwin (Homewood, Illinois), 1984, pp.
52-65. "Microcomputer Perspectives: Electronic Spreadsheets," Financial
Analysts Journal, July/August 1984, pp. 15-20. "Microcomputer Perspectives: Asset Allocation Systems," Financial
Analysts Journal, May/June 1985, pp. 10-11, 75. Asset Allocation Tools, The
Scientific Press, 1985, 96 pages. Investments, Third Edition,
Prentice-Hall, 1985. "New Techniques of Managing Portfolios
in the U.S.," Japanese Security Analysts Journal,
November 1985, Volume 23, Number 11, pp. 1-9. "Financial Implications of South
African Divestment," (with Blake R. Grossman), Financial Analysts
Journal, July/August 1986, pp. 15-29. Asset Allocation Tools, Second
Edition, The Scientific Press, 1987, 139 pages. "An Algorithm for Portfolio Improvement," in
K.D. Lawrence, J.B. Guerard, Jr., and Gary D. Reeves, Editors, Advances
in Mathematical Programming and Financial Planning, JAI Press,
Inc., 1987, pp. 155-170. "The Risk Factor: Identifying
and Adapting to the Risk Capacity of the Client," in M. Joehnk, Editor,
Asset Allocation for Institutional Portfolios, Dow Jones
Irwin, 1987, pp. 35-45. "Integrated Asset Allocation," Financial
Analysts Journal, September/October 1987, pp. 25-32. "Dynamic Strategies for Asset
Allocation" (with Andre Perold), Financial Analysts Journal, January/February
1988, pp. 16-27. "Policy Asset Mix, Tactical Asset
Allocation, and Portfolio Insurance," in R. Arnott and F. Fabozzi,
Editors, Asset Allocation, A Handbook of Portfolio Policies,
Strategies and Tactics, Probus Publishing Company, 1988, pp.
111-130. "Determining a Fund's Effective Asset
Mix," Investment Management Review, September/October 1988, pp.
16-29. "Integrated Asset Allocation," Japanese
Security Analysts Journal, October 1988, pp. 12-23. "Determining a Fund's Effective Asset
Mix," (Corrected Version) Investment Management Review,
November/December 1988, Volume II, Number 6, pp. 59-69. "Determining a Fund's Effective Asset
Mix," Japanese Section, Investment Management Review,
January/February 1989, Volume II, Number 7, pp. 83-96. "Dynamic Strategies for Asset
Allocation" (with Andre Perold), Japanese Security Analysts Journal,
August 1989, pp. 62-78. Fundamentals of Investments, (with
Gordon J. Alexander), Prentice-Hall, 1989. Fundamentals of Investments, (with
Gordon J. Alexander), Japanese Version, Prentice-Hall, 1989. Investments, Fourth Edition
(with Gordon J. Alexander), Prentice-Hall, 1990. "Asset Allocation," in John L. Maginn
and Donald L. Tuttle, Editors, Managing Investment Portfolios, A
Dynamic Process, Warren, Gorham & Lamont, 1990, pp. 7-1
through 7-71. "Investor Wealth Measures and Expected
Return," Quantifying the Market Risk Premium Phenomenon for
Investment Decision Making, The Institute of Chartered Financial
Analysts, 1990, pp. 29-37. "Liabilities -- A New Approach," (with
Lawrence G. Tint), The Journal of Portfolio Management, Winter
1990, pp. 5-10. "Unternehmen Indizien", November 1990,
Wirtschaftswoche, Dusseldorf, Germany, Vol. 44, No. 47, pp. 152-153,
(German translation of "The Parable of the Money Managers," Financial
Analysts Journal, July/August 1976). "The Arithmetic of Active Management," Financial
Analysts Journal, January/February 1991, pp. 7-9. "Capital Asset Prices with and without
Negative Holdings," reprinted in The Founders of Modern Finance:
Their Prize-winning Concepts and 1990 Nobel Lectures, The Research
Foundation of The Institute of Chartered Financial Analysts, 1991, pp.
29-54. "A Simplified Model for Portfolio
Analysis," reprinted in The Founders of Modern Finance: Their
Prize-winning Concepts and 1990 Nobel Lectures, The Research
Foundation of The Institute of Chartered Financial Analysts, 1991, pp.
55-73. "Capital Asset Prices: A Theory of
Market Equilibrium under Conditions of Risk," reprinted in The
Founders of Modern Finance: Their Prize-winning Concepts and 1990 Nobel
Lectures, The Research Foundation of The Institute of Chartered
Financial Analysts, 1991, pp. 75-93. "Capital Asset Prices with and without
Negative Holdings," reprinted in The Journal of Finance, The
American Finance Association, June 1991, pp. 489-509. "Capital Asset Prices with and without
Negative Holdings," reprinted in Finanzmarkt und Portfolio
Management, Schweizerische Gesellschaft fur Finanzmarktforschung,
1991, pp. 212-226. "Perfecting Markets," Institutional
Investor, The Future of Derivatives, November 1991, pp. 5-6. "Capital Asset Prices with and without
Negative Holdings,' reprinted in Finance India, The quarterly
journal of Indian Institute of Finance, December 1991, pp. 469-486. "Policy Asset Mix, Tactical Asset
Allocation and Portfolio Insurance," in Robert D. Arnott and Frank J.
Fabozzi, Editors, Active Asset Allocation, State-of-the-Art
Portfolio Policies, Strategies & Tactics, Probus Publishing
Company, 1992, pp. 115-133. "Asset allocation:
Management style and performance measurement," The
Journal of Portfolio Management, Volume 18, Number 2, Winter 1992,
pp. 7-19. "Investments for the 90's," Lives
of the Laureates, edited by William Breit and Roger W. Spencer,
Third Edition. "Hedging Currency Risk in an
International Portfolio," Investment Technology, Volume 5,
Spring 1992, pp. 1-43. "Assessing A Fund Manager's Style and
Performance," Japanese Security Analysts Journal, October 1992,
Volume 30, Number 10, pp. 7-16. "International Value and Growth Stock
Returns," (with Carlo Capaul and Ian Rowley) Financial Analyst's
Journal ,January/February 1993, pp. 27-36. "The Analysis of Pension Fund
Management," Investment Technology, Vol. 7, Spring 1993, pp.
1-27. (in Japanese) Fundamentals of Investments (with
Gordon J. Alexander), Chinese edition, translated by Yang Xiutai and
Liu Xing, Chongqing University Press, 1992. Fundamentals of Investments, 2d
Edition (with Gordon J. Alexander and Jeffery V. Bailey),
Prentice-Hall, 1993. "Nuclear Financial Economics," Stanford
University Graduate School of Business Research Paper 1275, November
1993. Interview, Handelsblatt
(Frankfurt), Nov 19/20, 1993, p. 14 (in German) Interview, La Vie Francaise
(Paris), Nov 20-26, 1993, pp. 28-29 (in French) Interview, Option Finance
(Paris) 29 Nov, 1993, pp. 36-38 (in French) Interview, MTF Haute Finance (Paris) Dec 1993-Jan 1994, pp. 8-9 (In
French) Interview, Banque &
Finance (Geneva), April 1994, pp. 37-39 (in French). Interview, Investment
Advisor, October 1994, pp. 82-89. "The Sharpe Ratio," Journal
of Portfolio Management, Fall 1994, pp. 49-58. Investments,
(Fifth Edition, with Gordon J. Alexander and Jeffrey V.
Bailey), Prentice-Hall, 1995. "Nuclear Financial Economics," Risk
Management: Problems & Solutions, (William H. Beaver and George Parker, editors), McGraw-Hill, 1995,
pp. 17-35. "Risk, Market Sensitivity and Diversification," Financial Analysts Journal, January/February 1995, pp. 84-88 (reprinted from January/February 1972). "Dynamic Strategies for Asset
Allocation" (with Andre Perold), Financial Analysts Journal,
January/February 1995, pp. 149-160 (reprinted from
January/February 1988). "In
Celebration of Armen Alchian's 80th Birthday", Economic Inquiry,
July 1996, pp. 413-416. “Morningstar’s Risk-Adjusted Ratings,” Financial Analysts Journal, July/August 1998, pp. 21-33. "Revisiting the Capital Asset Pricing Model," Interview by Jonathan Burton, Dow-Jones Asset Management, May/June 1998 Investments, (Sixth Edition, with Gordon J. Alexander and
Jeffrey V. Bailey), Prentice-Hall, 1999. "Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk," reprinted in Robert A. Korajczyk, ed. Asset Pricing and Portfolio Performance, Risk Books, London, 1999, pp. 3-14. Investments, (Third Canadian Edition, with Gordon J.Alexander, Jeffery V. Bailey, David J. Fowler and Dale L. Domian), Prentice-Hall, Canada, 2000. Fundamentals of Investments, 3d
Edition (with Gordon J. Alexander and Jeffery V. Bailey),
Prentice-Hall, 2000. Portfolio Theory and Capital Markets, The Original Edition with a Forward,
McGraw-Hill, 2000. Investments, Third Canadian Edition (with Gordon J. Alexander, Jeffery V. Bailey, David J. Fowler and Dale L. Domian), Prentice Hall Canada, 2000. Portfolio Theory and Capital Markets, The Original Edition with a Forward, Chinese Edition, China Machine Press, 2002. "Sharpe Focus," Interview by Evan Simonoff, Financial Advisor, April 2002. "Budgeting and Monitoring Pension Fund Risk," Financial Analysts' Journal, Vol. 58, No. 5 (September/October 2002), 74-86. Investment Strategy for the Long Term," UBS Wealth Management, 2nd Quarter, 2004, 6-9. Interview, Bloomberg Wealth Manager, November, 2004. Interview, Investment Advisor (UK), December 6, 2004. Interview, The Journal of Investment
Consulting, Volume 7, Number 2, 2005 Profile, NYU
Stern Salomon Center for the Study of Financial Institutions 2006
Newsletter for the Asset Management Research Group Investors and Markets:
Portfolio Choices, Asset Prices and Investment Advice, Princeton
University Press, 2007 Interview, Money Magazine, June 2007,
pp. 106-107. "Persons of Interest," Institutional Investor, May, 2007,
pp. 138-142. "Der Entdecker der Ratio,"
(Interview), Institutional Money, Germany, May 2007. "Asset Allocation" (with Peng
Chen, Jerald E. Pinto and Dennis W. McLeavey, pp. 230-327 in John
L. Maginn, Donalt L. Tuttle, Dennis W. McLeavey and Jerald E. Pinto, Managing Investment Portfolios, A Dynamic
Process, Third Edition, John Wiley & Sons, 2007. "Expected Utility Asset
Allocation," Financial Analysts
Journal, Vo. 63, Number 5, September/October 2007, pp. 18-30. "Thought Leader Interview:
William Sharpe," The Rotman Magazine,
Spring 2008, pp. 10-13.
PAPERS, SHORT COURSES AND
LECTURES: "Quadratic Programming as a Technique
for Portfolio Selection -- Progress and Prospects," Joint Meeting,
Econometric Society and Institute of Management Science, Ann Arbor,
Michigan, September 1962. "Intrafirm Allocation of Computer Time
-- Determining an Optimum use Charge," National Meeting, Institute of
Management Science, New York, September 1963. "Aircraft Loading Algorithms" (with
Lawry W. Mann), National Meeting, The Operations Research Society of
America, Seattle, Washington, November 1963. "A General Equilibrium Model Arising
Out of Portfolio Selection by Individuals," Conference on Quantitative
Economics -- National Science Foundation, Carnegie Institute of
Technology, May 1964. "Linear and Quadratic Programming
Approaches to Portfolio Analysis," Seminar on the Analysis of Security
Prices, The University of Chicago, November 1964. "Computer Pricing Policies from an
Economist's Point of View," Symposium on the Economics of Automatic
Data Processing, Rome, Italy, October 1965. "Business Finance - Innovations in
Analysis" (Discussion), Joint Meeting, American Economic Association
and the American Finance Association, New York, December 1965. "Optimal Portfolio Management,"
McKinsey/Wharton Advanced Operations Research Seminar, Wharton School,
University of Pennsylvania, March 1967. "Simplified Models of Security Risk and
Their Applications in Portfolio Selection," Computer Applications
Seminar, New York Society of Security Analysts, New York, March 1969. "Measuring Volatility," Conference on
Portfolio Analysis, University of Rochester, August 1969. "Computer-Assisted Instruction,"
Computer Institute for Professors of Business Administration,
University of Montana, August 1969. "Measuring Portfolio Performance," The
Institute for Quantitative Research in Finance, Princeton University,
October 1969. "Efficient Capital Markets
(Discussion), Joint Meeting, Econometric Society and the American
Finance Association, New York, December 1969. "Basic Data for Policy and Public
Decisions: Technical Aspects"
(discussion), American Economic Association Meeting, New York, December
1969. "Portfolio Selection and Analysis,"
Short course sponsored by University Systems and Seminars Co., Los
Angeles, California, May 1970. "The Measurement of Investment
Performance," Investment Management Program, Stanford University, July
1970. "Risk-Adjusted Measures of Security and
Portfolio Performance," Seminar on Risk and Regulated Firms, Michigan
State University, February 1971. "Computers and Quantitative Methods"
(12 lectures), Stanford Executive Program, June-July 1971. "The Stock Markets of the Future,"
Investment Management Program, Stanford University, July 1971. "The Capital Asset Pricing Model and
Utility Regulation," Seminar on Financial Aspects of Utility
Regulation, Stanford University, June 1971, June 1972, June 1973. Portfolio Investment Research Programme
(one week), London Graduate School of Business, January 1972. "Efficient Markets with Risk," San
Francisco Society of Security Analysts, February 1972. "Efficient Capital Markets with Risk," Los
Angeles Society of Financial Analysts, Los Angeles, California,
September 1972. "Modern Approaches to Investment
Management," Institutional Investment Conference, Sponsored by Merrill
Lynch, Pierce, Fenner and Smith, New York, December 1972. "Modern Approaches to Investment
Management," Conference for Non-Profit Fund Managers, Sponsored by the
Kettering Foundation, New York, February 1973. "Portfolio Management in a
Nearly-Efficient Market," Chicago Society of Security Analysts,
Chicago, Illinois, March 1973. "The Capital Asset Pricing Model: Recent Developments," Keynote address, Midwest
Finance Association Annual Meeting, Chicago, Illinois, April 1973. "Evaluating Investment Management
Performance," Conference on the Future for Professional Investment
Management, The University of Missouri, Columbia, Missouri, April 1973. "What to Expect From Your Investments
in the Long Run," Western States Conference on Foundations and
Philanthropy, San Francisco, January 1974. "Modern Capital Theory and Pension Fund
Management," Seminar on Pension Funds, Sponsored by Wells Fargo Bank,
Chicago, March 1974. "The Components of Risk and Return: Implications for Portfolio Management,"
Seminar of the Institute for Quantitative Research in Finance, San
Diego, May 1974. "Closed-end Funds and Market
Efficiency," Seminar on the Analysis of Security Prices, University of
Chicago, May 1974. "Efficient Capital Markets: A Review of the Theory," Seminar sponsored by
The Institute of Chartered Financial Analysts, Houston, May 1974. The Investment Organization of the
Future," European Federation of Security Analysts' Societies, Paris,
October 1974. "The Risk and Return from Closed-end
Funds," Annual Meeting, European Finance Association, Jouy-en-Josas,
France, October 1974. Participant, Seminar on Financial
Decision-making under Uncertainty, sponsored by The Israel National
Council for Research and Development, Ein Bokek, Israel, March 1975. "The Capital Asset Pricing Model: Development and Recent Extensions," Department
of Economics, University of Hawaii, March 1975. "Modern Capital Theory and Investment
Research," Seminar sponsored by European Banks International, Vienna,
Austria, June 30 - July 5, 1975. "Is Market Timing Likely to Improve
Performance?" Seminar of the Institute for Quantitative Research in
Finance, Phoenix, May 1976. Lectures on Investment Management, Seminaire de Gestion des
Investissements en Valeurs Mobilieres Centre d' Enseignement Superieur
des Affaires, Jouy-en-Josas, France, June 1976. Lectures on Investment Management, Investment
Management Program, Stanford University, 1972-1979. Lectures on Investment Management --
Course sponsored by the Federal University of Brazil, Rio de Janeiro,
Brazil, August 1977. "Modern Portfolio Theory," Security
Analysts of San Francisco, special program, November 29, 1977. Member, Panel on Teaching Finance,
National Meeting of the American Finance Association, New York, New
York, December 1977. "Asset Allocation," Investment Counsel
Association of America National Meeting, San Francisco, March 1978. "What Investment Tools the Coming
Generation of Investment Managers Will Be Using," The Institute for
Quantitative Research in Finance, April 1978, Napa, California. "Bank Capital Adequacy, Deposit
Insurance and Security Values," Western Finance Association Annual
Meeting, June 1978, Honolulu, Hawaii. "Duration and Security Risk," Western
Finance Association Annual Meeting, June 1978, Honolulu, Hawaii. "Bank Capital Adequacy, Deposit
Insurance and Security Values," The Center for Law and Economics,
University of Miami, April 1979. "Security Codings:
Measuring Relative Attractiveness in Perfect and Imperfect
Markets," Center for Research on Security Prices, University of
Chicago, May 1979. "Modern Portfolio Theory," 'Financial
Analysts' Federation Investment Management Workshop, Dartmouth College,
July 1979. "Performance Measurement," Financial
Research Foundation, Mont Ste Marie, Canada, October 1979. "Portfolio Management in the Eighties,"
Institutional Investor Conference, New York, May 1980. "Investments and Pensions," Western
Pension Conference, Lake Tahoe, July 1980. Lectures on Investment Management,
Financial Analysts' Federation Investment Management Workshop,
Princeton University, July 1980. "Decentralized Investment Management"
Presidential Address, American Finance Association Denver, September
1980. Lectures on Portfolio Theory University
of California, Irvine, November 1980. Lectures on Financial Economics Laval
University, Quebec, Canada, January 1981. Lectures on Financial Economics McGill
University, Quebec, Canada, January 1981. Lectures on Portfolio Management
MacQuarie University, Sydney, Australia, February 1981. "An Overview of Asset Allocation,"
Berkeley Program in Finance, Monterey, March 1981. "Duration and Factor Models"
(Discussion) Seminar on Bond Duration and Immunization, Sponsored by
the University of Oregon, Ashland, Oregon, July, 1981. Lectures on Investment Management
Financial Analysts' Federation Investment Management Workshop,
Princeton University, July 1981. "Optimal Funding and Asset Allocation
Rules for Defined-Benefit Pension Plans" (with M. Harrison), Conference
on Financial Aspects of the U.S. Pension System, Sponsored by the
National Bureau of Economic Research, Amelia Island, Florida, March
1982. "Some Factors in New York Stock
Exchange Security Returns", The Institute of Quantitative Research in
Finance, St. Petersburg, Florida, April 1982. "The Anomalous Stock Market Behavior of
Small Firms in January," Conference on Small Firm Effects, University
of Southern California, April 1982. Lectures on Portfolio Management,
Factors in Equity Returns and Pension Funds, Stanford Financial
Management Program, June 1982. Lectures on Microcomputers and Pension
Funds, Financial Analysts' Federation Investment Management Workshop,
Princeton, July 1982. Lecture on Microcomputers and the
Investment Process, Boston Security Analysts' Quantitative Discussion
Group, Boston, July 1982. "Managing Money Management Firms"
(Panel), Financial Management Association Annual Meeting, San
Francisco, October 1982. "Factor Models, the Capital Asset
Pricing Model, and the Arbitrage Pricing Theory," Graduate School of
Business, The University of Tennessee, October 1982. Lectures on Microcomputers, Portfolio
Management and Factor Models, Centre for Research in Finance,
Australian Graduate School of Management, Sydney, March 1983. Lectures on Pension Funds, Stanford
Financial Management Program, June 1983. Lectures on Microcomputers and Factor
Models, Financial Analysts' Federation Investment Management Workshop,
Princeton, July 1983. Lectures on Portfolio Theory,
Optimization and Factor Models, Stanford-International Investment
Management Institute Program in International Investment Management,
Geneva, Switzerland, August 1983. "Factor Models and Investment
Management," National Meeting, State and Local Investment Officers'
Organization, Seattle, Washington, September 1983. "Investments for the 80's," Business
Policymaker Meeting, Trinity University, San Antonio, Texas, December
1983. "Practical Aspects of Portfolio
Optimization," Seminar on Improving the Investment Decision Process,
Sponsored by the Institute of Chartered Financial Analysts, New York,
January 1984. "Asset Allocation and Performance
Measurement: Discussion," University of
California, Berkeley Seminar in Finance, Lake Tahoe, March 1984. "Factors in Security Returns," Center
for the Study of Banking and Financial Markets, University of
Washington, March 1984. "Corporate Pension Policy and the Value
of PBGC Insurance: Discussion," National
Bureau of Economic Research Conference on Pensions and Retirement in
the United States, San Diego, April 1984. Lectures on Investment Theory, Nomura
School of Advanced Management Program in Investment Management, Tokyo,
May 1984. Lecture on Optimization and Factor
Models, Financial Analysts' Federation Investment Management Workshop,
Princeton, July 1984. Lectures on Investment Management,
Stanford-International Investment Management Institute Program in
International Investment Management, Geneva, Switzerland, August 1984. Lecture on MicroComputers and
Investment Management, Congress of European Financial Analysts'
Societies, Madrid, October 1984. Lectures on Investment Management,
Stanford-International Investment Management Institute Program in
International Investment Management, Geneva, Switzerland, August 1985. Lectures on Investment Theory, Nomura
School of Advanced Management Program in Investment Management, Tokyo,
July 1985. "Asset Allocation," New York Society of
Security Analysts' Financial Investment Microcomputer Conference, New
York, September 1985. Lectures on Investment Theory, Nomura
School of Advanced Management Program in Investment Management, Tokyo,
May 1986. Lectures
on Investment Management, Stanford-London Graduate School of Business
Program in International Investment Management, London, September 1986. "Integrated Asset Allocation," First Annual
Asset Allocation Congress, New York, October 1986. "Portfolio Insurance and Risk
Tolerance," Seminar on Practical Portfolio Insurance Techniques, New
York, November 1986. "Investment Implications Within the New
Liability Framework," The Institute for Quantitative Research in
Finance, Miami, Florida, March 1987. "Risk: Definition,
Estimation and Control (Summary)," Berkeley Program in Finance, Napa,
California, September 1987. "Equity Valuation," Institute for
Chartered Financial Analysts' Seminar, San Francisco, California,
September 1987. "Measuring Investment Management
Styles," National Association of State Investment Officers, Portland,
Oregon, October 1987. "Integrated Asset Allocation," Second
Annual Asset Allocation Congress, New York, October 1987. "Asset Allocation, Factor Models, and
Manager Styles," National Investment
Sponsor Federation, New York, November 1987. "Asset Allocation, Factor Models, and
Manager Styles," San Francisco Society of Security Analysts, San
Francisco, California, January 1988. "Pension Investment," Financial
Executives Institute, Naples, Florida, February 1988. "Integrated Asset Allocation: Taking Liabilities Into Account," Conference
on Asset/Liability Management for Pension Funds, New York, June 1988. Lectures on Investment Management
Financial Analysts' Federation Investment Management Workshop,
Princeton University, July 1988. "Asset Allocation for Pension Funds,"
Stanford-London Graduate School of Business Program in International
Investment Management, Stanford, California, July 1988. "The Evaluation of Risk Models,"
Financial Research Foundation of Canada, Toronto, Canada, September
1988. "Societal Risk Tolerance," The
Institute for Quantitative Research in Finance, San Diego, California,
October 1988. Lectures on Investment Theory, Nomura
School of Advanced Management Program in Investment Management, Tokyo,
October 1988. "What's New in Asset Allocation,"
Golden Gate University, November 1988. "Asset Allocation:
Static, Dynamic or Business as Usual?" The Third Annual
Asset Allocation Congress, Fort Lauderdale, February 1989. "The Many Faces of Asset Allocation,"
The Berkeley Program in Finance, Yosemite, April 1989. "Portfolio Optimization, Asset
Allocation and Performance Measurement," The University of British
Columbia Faculty of Commerce, April 1989. "Asset Allocation, an Overview," The
Institutional Investor Asset Allocation Symposium, Carmel, April 1989. "Asset Allocation," The Stanford
Business School Trust, April 1989. Lectures on Investment Management
Financial Analysts' Federation Investment Management Workshop,
Princeton University, July 1989. "Investor Wealth Measures and Expected
Return," The ICFA Seminar on Quantifying the Market Risk Premium
Phenomenon for Investment Decision Making, New York, September 1989. "Asset Allocation:
An Overview," The Institutional Investor Asset Allocation
Symposium for Corporate and Public Funds, Santa Barbara, November 1989. "Equilibrium Expected Returns with No
Short Sales," Nikko Securities Multi-University Finance Faculty
Seminar, Tokyo, January 1990. "Asset Allocation, Investment Style and
Performance Analysis," San Francisco Security Analysts' Society, San
Francisco, April 1990. "Asset Allocation, Investment Style and
Performance Analysis," Quantitative Investment Association of the Los
Angeles Society of Financial Analysts, Los Angeles, April 1990. "Advances in Asset Allocation
Technology," Committee on Investment of Employee Benefit Assets, San
Francisco, April 1990. "Portfolio Risks," Interdisciplinary
Seminar on Risk Management, Stanford University, May 1990. Lectures on Investment Management,
Financial Analysts' Federation Investment Management Workshop,
Princeton University, July 1990. Lectures on Asset Allocation,
Stanford-London International Investment Management Program, July 1990. "Leland University Retirement Plan,"
Stanford Graduate School of Business Case Number S-F-238, September
1990. O'Neil/Abbott Distinguished Lecture,
The Darden School of the University of Virginia, October 1990. "Factor Models in Finance," Eastern
Finance Association's Twenty-Seventh Annual Meeting, The Homestead,
Virginia, April 1991. "A New Technique for Measuring Fund
Style and Performance," Investment Counsel Association of America's
Annual Membership Conference, San Francisco 1991. "Investment Managers:
What Do You Get for Your Money?" The Center for Economic
Policy Research, Stanford University, May 1991. "Asset Allocation, Manager Style and
Performance Measurement," Association for Investment Management and
Research's Annual Conference, St. Louis, May 1991. "Portfolio Theory Meets the Real
World," Interdisciplinary Seminar on Risk Management, Stanford
University, May 1991. Commencement Address, Economics
Department, Stanford University, June 1991. "Sources of Volatility, The Case of
American Investment Funds," Institute for International Research,
Frankfurt, Germany, June 1991. "Investment Benchmarks," AIMR
Investment Management Workshop, Princeton, New Jersey, July 1991. "The Investment Process," Executive
Education, Stanford University, August 1991. "Assessing the Style and Performance of
U.S. Mutual Funds with an Asset Class Factor Model," IMI Centre for
Research in Finance, Rome, Italy, September 1991. "Sensible Investing," Stanford
University Centennial Celebration, Graduate School of Business Alumni
Association, Stanford University, September 1991. "My Evolution as an Economist," Nobel
Economists Lecture Series, Trinity University, San Antonio, Texas,
February 1992. "Investments for the 90's," Policy
Maker Breakfast, Trinity University, San Antonio, Texas, February 1992. "Investment Management Style and
Performance: U.S. Mutual Funds 1980-89," The Swedish School of
Economics and Business Administration, "Capital 92," Helsinki, Finland,
March 1992. "Sensible Investing Within and Across
Borders," Stanford University Graduate School of Business Alumni
Conference, Geneva, Switzerland, March 1992. "Investment Style and Performance: U.S.
Mutual Funds 1980-1989," Tenth Anniversary Distinguished Lecture
Series, University of California at Davis Graduate School of
Management, May 1992. "Choosing Mutual Funds for Efficient
Diversification," Stanford University, Graduate School of Business
Alumni Association Investment Seminar, May 1992. "Factor Models, Asset Allocation and
Investment Manager Evaluation," Financial Management Program, Graduate
School of Business, Stanford University, July 1992. "The AT&T Pension Fund," Stanford
Graduate School of Business Case Number S-F-243, July 1992. "The AT&T Pension Fund," AIMR
Investment Management Workshop, Princeton University, July 1992. "The Investment Process," Stanford
Executive Program, Graduate School of Business, Stanford University,
August 1992. "Factor Models, The APT and the CAPM,"
Berkeley Program in Finance, Santa Barbara, California, September 1992. "Evaluating Investment Style and
Performance," Financial Management Association Annual Meeting, San
Francisco, California, October 1992. "The Global Allocation of Risk: Instruments and Institutions," Programme of
International Conferences at Banking and Insurance Exhibition, Turin,
Italy, October 1992. "Nuclear Financial Economics,"
California Chapter of the International Association of Financial
Engineers, San Francisco, April 1993. "Sensible Investing within and Across
Borders," Luso American Foundation for Development, Lisbon Portugal,
June 1993. "International Value and Growth Stock
Returns," Portugese Association of Insurance Companies, Lisbon
Portugal, June 1993. "International Value and Growth Stock
Returns," Madrid Stock Exchange, Madrid, Spain, June 1993. "Some Aspects of Mean-Variance
Equilibria," French Finance Association International Meeting, La Baule
France, June 1993. "The AT&T Pension Fund," AIMR
Investment Management Workshop, Princeton University, July 1993. "Asset Pricing Models and the
Calculation of Damages in Securities Fraud Actions," Finance for the
Judiciary, Stanford Law School, Oct.1993. "Nuclear Financial Economics: The Basis
for Financial Engineering," Widener University School of Management,
Chester, Pa., October 1993. "Sensible Investing: Lessons from
Financial Economic Theory and Empirical Research," Widener University
School of Management, Chester, Pa., October 1993. "A Modest Proposal to Revolutionize
Institutional Investment Management," Financial Services Research
Initiative Member Colloquium, Stanford University, November 1993. “The Sharpe Ratio”, London Business
School faculty seminar, January 1994. “Analyzing Investment Performance:
Style versus Selection,” Institute of Finance and Accounting donor
seminar, London Business School, January 1994. “Strategic Asset Allocation: Theory and
Practice,” Institute for International Research Asset Allocation
Conference, Gravenbruch, Germany, January 1994. “Managing a Large Investment Fund,”
Institute for International Research Asset Allocation Conference,
Gravenbruch, Germany, January 1994. “Asset Allocation -- Theory and
Practice,” 1994 Mid-sized Pension Management Conference, San Francisco,
March 1994. "Armen Alchian's Contributions to
Economics," Western Economic Association, Vancouver, Canada, July 1994. "The AT&T Pension Fund," AIMR
Investment Management Workshop, Princeton University, July 1994. "Nuclear Financial Economics," Stanford
Financial Management Program, August 1994. "Integrated Asset Allocation," Stanford
Financial Management Program, August 1994. "Investment Style and Performance"
Stanford Financial Management Program, August 1994. "International Portfolio Management,"
Banamex, Mexico City, September 1994. "Investment and Savings," World
Economic Forum Industry Summit, Stanford University, September 1994. "Mutual Fund Performance: Style and
Selection," Micropal Client Conference, Portland, Oregon, September
1994. "Expected Returns: What we Know and
Don't Know," The 1994 Schwab Institutional
Annual Conference, Phoenix, Arizona, September 1994. "Measuring Investment Performance:
Risk, Return and Benchmarks," Fondation Finance Conference, Paris,
France, November 1994. "International Style Analysis", BARRA Sponsor Consultation Seminar, Pebble
Beach, CA, March 1995. "International Style Analysis," Mellon
Capital Conference, Meadowbrook, CA, May
1995. "The AT&T Pension Fund," AIMR
Investment Management Workshop, Princeton University, July 1995. "International Style Analysis," Zephyr
Associates Conference, Lake Tahoe, CA, September
1995. "International Style Analysis," Annual
Meeting, Inquire UK, Hertford, U.K., October
1995. "Factor Models in Security Returns,"
National University of Taiwan Financial Conference, November, 1995. "Retirement Savings and Investment,"
AIMR Investment Management Workshop, July 1996. "Creating Wealth in the Year 2000",
Stanford Graduate School of Business Alumni Conference,
October 1996. "Morningstar's Risk-adjusted Rating System," The Institute for Quantitative Research in Finance, October 1996. "Creating Wealth in the Year 2000", Stanford Business School Alumni Weekend, October 1996. "Defining Mutual Fund Benchmarks and Styles,"
Schwab Institutional Investor Annual Conference, Orlando, November 1996. "Measuring Mutual Fund Performance," Swiss
Society of Investment Professionals, Zurich, September 1997. "When Baby Boomers Grow Old: The Decline of
the Stable Pension," International Association of Financial Executives
Institutes World Congress, Interlaken, September 1997. "A World Without Crashes: Financial Planning in Fantasyland," University of California, Davis Conference on The October '87 Stock Crash Ten Years Later, Sacramento, October 1997. "Financial Planning in Fantasyland," Stanford/CEPR Workshop on Line Insurance Taxation, Stanford, CA., Dec. 4, 1997. "Mutual Fund Performance Measurement," Corporate Funds & Private Pensions Summit, San Diego, CA, Feb. 2, 1998 “Mutual Fund Performance Measurement,” University of California at Santa Barbara,
February 1998 “Investment Theory and Practice,” University
of California at Santa Barbara, February 1998 “Institutional Asset Management in the United
States: Theory and Practice,” Rio de Janeiro and Sao Paolo, Brazil,
March 1998 "Savings and Investments," Stanford Financial Management Program, July 1998. "401(k) Plans: Decisions, Outcomes and Investments," International Business Forum Defined Contribution/ 401(k) Conference, San Francisco, September 1998. "Performance Measurement and Style Analysis," University Bocconi, Milan, December 1998. "Science and Innovation at the Turn of the Millenium," International Congress for the Bicentennial of Volta, Como, December 1998. "Global Savings and Investments, Computers and Communications," The Power of Innovation International Conference, Milan, December 1998. "Investment Manager Performance Measurement," Callan Investment Institute Nineteenth Annual Conference, San Francisco, February 1999. "Individuals and Institutions: Saving, Investment and Outcomes," Financial Executive's Institute, San Francisco, April 1999. "Online Investment Advice," Forrestor Forum -- Open Finance Battleground: Putting Consumers Front and Center, New York, May 1999. "401-K Opportunities," American Bankers Association Trust Managment Association, Tucson, May 1999. "Individuals and Institutions: Savings, Investment and Outcomes," Western Pension and Benefits Conference, San Francisco, June 1999. "Savings and Investment," Stanford Financial Management Program, July 1999. "Asset Pricing Research: Implications for Investment Management," University of Basel, Basel, Switzerland, September 1999. "Online Investment Advice," Jupiter Financial Services Forum, San Francisco, September 1999. "Online Investment Advice," Stable Value Investment Association National Forum, New York, October 1999. "Financial Strategies for a New Century," TIAA-CREF Teleconference, San Diego, October 1999. "Individuals and Institutions: Saving, Investment and Outcomes," Pension Fund Consultant's Circle, San Francisco, October 1999. "The Use of Quantitative Technology for Fiduciary and Investment Management," Stanford Law School Fiduciary Conference, October 1999. "Individuals and Institutions: Saving, Investment and Outcomes," American Bankers Association Trust, Asset Management and Marketing Conference, New York, February 2000. "Finance and the Internet," Zhejiang University, Hangzhou, China, March 2000. "Style Analysis: Origins and Use," Market Makers Conference, Tokyo, March 2000. "The Transformation of Financial Services," Stanford Graduate School of Business 75th Anniversary Celebration, May 2000. "Internet Valuation," Thomas Weisel Partners Internet Forumn 2.0, Aspen, June 2000. "The Distribution Builder: A Tool for Determining Investor Preferences," The Institute for Quantitative Research in Finance, San Diego, October 2000. "Advice for Retirement Savings and Investment," Society of American Business Editors, Tampa, October 2000. "Retirement Savings and Investment," Forum Risparmio, Milan, Italy, January 2001. "Retirement Savings and Investment," Carlo Cattaneo University, Castellanza, Italy, January 2001. "Risk Budgeting and Asset Allocation," Committee on Investment of Employee Benefit Assets, Palm Beach, Florida, February 2001. "Technology and Financial Services," TED 11 Conference, Mon |