From the desk of Paul Nichols: President of Financial Abundance Inc.
I recently read an article in the WSJ discussing economic icons not practicing their own investment advice. I understood the article to make the point that we are not all perfect, that even the notable academics mentioned sometimes sway from their disciplines.
Harry Markowitz, who shared the Nobel Prize in economics in 1990 for his mathematical explorations of the relationship between risk and return, was asked how he diversified his portfolio.