William F. Sharpe

William Forsyth Sharpe (born June 16, 1934) is Professor of Finance, Emeritus at Stanford University's Graduate School of Business and the winner of the 1990 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.

Dr. Sharpe taught at the University of Washington and the University of California at Irvine. In 1970 he joined Stanford University. He was one of the originators of the Capital Asset Pricing Model, created the Sharpe ratio for risk-adjusted investment performance analysis, contributed to the development of the binomial method for the valuation of options, the gradient method for asset allocation optimization, and returns-based style analysis for evaluating the style and performance of investment funds.

He served as a President of the American Finance Association.

He received his Ph.D., M.A., and B.A. in Economics from the University of California at Los Angeles. He is also the recipient of a Doctor of Humane Letters, Honoris Causa from DePaul University, a Doctor Honoris Causa from the University of Alicante (Spain), a Doctor Honoris Causa from the University of Vienna and the UCLA Medal, UCLA's highest honor.

Bibliography

• Portfolio 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)

External link

• Personal web site of Dr. Sharpe
• pioneering work in the theory of financial economics.