{"id":5293,"date":"2010-11-25T00:53:28","date_gmt":"2010-11-25T05:53:28","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=5293"},"modified":"2010-11-25T00:53:28","modified_gmt":"2010-11-25T05:53:28","slug":"bill-sharpe-of-capm-fame-on-the-wrong-financial-advisor","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2010\/11\/25\/bill-sharpe-of-capm-fame-on-the-wrong-financial-advisor\/","title":{"rendered":"Bill Sharpe ( of CAPM fame) on &#8216;The Wrong Financial Advisor&#8217;"},"content":{"rendered":"<p>In the 1960&#8217;s, four economists (Jack Treynor, William Sharpe, John Lintner, and Jan Mossin) independently developed a theoretical model (the Capital Asset Pricing Model [<a href=\"http:\/\/en.wikipedia.org\/wiki\/Capital_Asset_Pricing_Model\" target=\"_blank\">CAPM<\/a>]) for determining an asset&#8217;s appropriate expected rate of return as a function of its non-diversifiable risk. In 1990, <a href=\"http:\/\/en.wikipedia.org\/wiki\/William_Forsyth_Sharpe\" target=\"_blank\">William F. Sharpe<\/a>, along with Harry Markowitz and Merton Miller, were awarded the Nobel Memorial Prize in Economic Sciences for their contributions to the analysis of financial risk.<\/p>\n<p>Yesterday (23 November 2010), &#8216;wfsharpe34&#8217; posted an animation to YouTube called, <a href=\"http:\/\/www.youtube.com\/watch?v=Vv4HQG2Hz0I\" target=\"_blank\">The Wrong Financial Advisor<\/a>. You might find it amusing.<\/p>\n<p>I have no reason to believe that &#8216;wfsharpe34&#8217; is not THE Bill Sharpe.<\/p>\n<p>In case you are interested, here is a <a href=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/1\/1a\/William_sharpe_2007.jpg\/180px-William_sharpe_2007.jpg\" target=\"_blank\">photo<\/a> of Bill Sharpe and here is his <a href=\"http:\/\/nobelprize.org\/nobel_prizes\/economics\/laureates\/1990\/sharpe-lecture.pdf\" target=\"_&quot;blank&quot;\">Nobel Lecture<\/a>.<\/p>\n<p>I thank my friend, Nalin, for forwarding an email, purporting to be from Bill Sharpe, which points to this video.<\/p>\n<p>-RichardH<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the 1960&#8217;s, four economists (Jack Treynor, William Sharpe, John Lintner, and Jan Mossin) independently developed a theoretical model (the Capital Asset Pricing Model [CAPM]) for determining an asset&#8217;s appropriate expected rate of return as a function of its non-diversifiable risk. In 1990, William F. Sharpe, along with Harry Markowitz and Merton Miller, were awarded [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":{"0":"post-5293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-richardhsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=5293"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5293\/revisions"}],"predecessor-version":[{"id":5294,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5293\/revisions\/5294"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=5293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=5293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=5293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}