Slide 1

NAME: YUMNA HAMAD

ROLL NO: 10_005

GURU: WILLIAM SHARPE

BornJune 16, 1934(age78)Boston, Massachusetts,U.S.NationalityUnited StatesFieldsEconomicsInstitutionsWilliam F. Sharpe AssociatesStanford UniversityUC IrvineUniversity of Washington1961-68RAND CorporationAlma materUniversity of California, Berkeley, transferredUCLA

Doctoral advisorArmen AlchianHarry Markowitz(unofficial)Doctoral studentsHoward SosinKnownforCapital asset pricing modelSharpe ratioNotable awardsNobel Memorial Prize in Economic Sciences(1990)

EARLIER LIFE OF GURUWilliam Sharpe[1]was born on June 16, 1934 inBoston, Massachusetts. As his father was in theNational Guard, the family moved several times duringWorld War II, until they finally settled inRiverside, California.

He moved to theUniversity of California at Los Angelesto study Business Administration. Finding that he was not interested inaccounting.

. During his undergraduate studies, two professors had a large influence on him:Armen Alchian, a professor of economics who became his mentor, andJ. Fred Weston, a professor of finance who first introduced him toHarry Markowitz's papers onportfolio theory.

After graduation, in 1956, Sharpe joined theRAND Corporation. While doing research at RAND, he also started work for a Ph.D. at UCLA under the supervision of Armen Alchian.

Sharpe earned his Ph.D. in 1961 with a thesis on a single factor model of security prices, also including an early version of theSecurity Market Line.In 1961, after finishing his graduate studies, Sharpe started teaching at theUniversity of Washington.

He submitted the paper describing CAPM to theJournal of Financein 1962.

While teaching at Stanford, Sharpe continued research in the field of investments, in particular on portfolio allocation and pension funds.

. He also became directly involved in the investment process by offering consultance toMerrill Lynchand toWells Fargo, thus having the opportunity to put in practice the prescriptions of financial theory.

. In 1989 he retired from teaching, retaining the position ofProfessor Emeritusof Finance at Stanford, choosing to focus on his consulting firm, now namedWilliam F. Sharpe Associates.

Sharpe served as a President of theAmerican Finance Associationand he is a trustee of the Economists for Peace and Security.

He was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis.

RESEARCH INTERSTThe relationshipofsoil acid-base status and plant available aluminum to sugar maple decline.

The roleofsoil acidification in northern red oak decline in southwestern Pennsylvani

Acid runoff episodes

RESEARCH MODEL The bible of modern portfolio theory by the Nobel Prize-winning researcher and author William Sharpe.

t introduced the Capital Asset Pricing Modelwhich became VITAL to modern investment theoryto a wider audience and established Sharpe as a giant of financial thought, crucial as it was to the formulation of modern portfolio theory, derivatives pricing and investment.

BOOKSPortfolio Theory and Capital Markets (McGraw-Hill, 1970 and 2000).Asset Allocation Tools (Scientific Press, 1987)Fundamentals of Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 2000).

Investments (with Gordon J. Alexander and Jeffrey Bailey, Prentice-Hall, 1999).Sharpe, William F. (2012)..

AWARDS AND HONOUR

Nobel Memorial Prize in Economic Science, 1990, The Nobel Foundation.

Nobel laureateDr. William F. Sharpe(Bill) has won the2012 Lillywhite Awardsponsored by theEmployee Benefit Research Institute. The award is in recognition of his lifetime contribution to economic security.