William F. Sharpe Quotes

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The central question for positive financial economics is valuation – what is the value today of a set of future prospective cash flows? The central question for normative financial economics is the appropriate use of financial instruments in a world in which values are set wholly or partially in accord with the principles of positive financial economics.

William F. Sharpe

"Any graduate of the ___ Business School should be able to beat an index fund over the course of a market cycle."
Statements such as these are made with alarming frequency by investment professionals. In some cases, subtle and sophisticated reasoning may be involved. More often (alas), the conclusions can only be justified by assuming that the laws of arithmetic have been suspended for the convenience of those who choose to pursue careers as active managers.

William F. Sharpe

William F. Sharpe

William F. Sharpe

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Born: June 16, 1934 (age 91)

Bio: William Forsyth Sharpe is an American economist. He is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business, and the winner of the 1990 Nobel Memorial Prize in Economic Sciences.

Known for:

Investments (1978)
Portfolio Theory and Capital Markets (1970)
The Economics of Computers (1969)

William F. Sharpe on Wikipedia

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