William F. Sharpe
William F. Sharpe

Celebrity Profile

Name: William F. Sharpe
Occupation: Intellectuals & Academics
Gender: Male
Birth Day: June 16, 1934
Age: 86
Birth Place: Boston, Massachusetts, U.S., United States
Zodiac Sign: Cancer

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
Eye Color: N/A
Hair Color: N/A
Blood Type N/A
Tattoo(s) N/A

William F. Sharpe

William F. Sharpe was born on June 16, 1934 in Boston, Massachusetts, U.S., United States (86 years old). William F. Sharpe is an Intellectuals & Academics, zodiac sign: Cancer. Find out William F. Sharpenet worth 2020, salary 2020 detail bellow.

Net Worth

Net Worth 2020

Undisclosed

Salary 2020

Not known

Biography Timeline

1934

William Sharpe was born on June 16, 1934 in Boston, Massachusetts. As his father was in the National Guard, the family moved several times during World War II, until they finally settled in Riverside, California. Sharpe spent the rest of his childhood and teenage years in Riverside, graduating from Riverside Polytechnic High School in 1951. He then enrolled at the University of California at Berkeley planning to pursue a degree in medicine. However, in the first year he decided to change his focus and moved to the University of California at Los Angeles to study business administration. Finding that he was not interested in accounting, Sharpe had a further change in preferences, finally majoring in economics. During his undergraduate studies, two professors had a large influence on him: Armen Alchian, a professor of economics who became his mentor, and J. Fred Weston, a professor of finance who first introduced him to Harry Markowitz's papers on portfolio theory. While at UCLA, Sharpe became a member of the Theta Xi Fraternity and Phi Beta Kappa Society. He earned a B.A. from UCLA in 1955 and a M.A. in 1956.

1956

After graduation, in 1956 Sharpe joined the RAND Corporation. While doing research at RAND, he also started work for a Ph.D. at UCLA under the supervision of Armen Alchian. While searching for a dissertation topic, J. Fred Weston suggested him to ask Harry Markowitz at RAND. Working closely with Markowitz, who in practice "filled a role similar to that of dissertation advisor", Sharpe earned his Ph.D. in 1961 with a thesis on a single factor model of security prices, also including an early version of the security market line.

1961

In 1961 after finishing his graduate studies, Sharpe started teaching at the University of Washington. He started research on generalizing the results in his dissertation to an equilibrium theory of asset pricing, work that yielded the Capital asset pricing model. He submitted the paper describing CAPM to the Journal of Finance in 1962. However, ironically, the paper which would become one of the foundations of financial economics was initially considered irrelevant and rejected from publication. Sharpe had to wait for the editorial staff to change until finally getting the paper published in 1964. At the same time, the CAPM was independently developed by John Lintner, Jan Mossin, and Jack Treynor.

1968

In 1968 Sharpe moved to the University of California at Irvine but stayed there for only two years, and in 1970 he moved, this time to Stanford University. 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 to Merrill Lynch and to Wells Fargo, thus having the opportunity to put in practice the prescriptions of financial theory. In 1986, in collaboration with the Frank Russell Company, he founded Sharpe-Russell Research, a firm specialized in providing research and consultancy on asset allocation to pension funds and foundations. His 1988 paper, 'Determining a Fund’s Effective Asset Mix', established the model later referred to as returns-based style analysis.

1989

In 1989 he retired from teaching, retaining the position of Professor Emeritus of Finance at Stanford, choosing to focus on his consulting firm, now named William F. Sharpe Associates. In 1996, he co-founded Financial Engines (NASDAQ: FNGN) with Stanford Professor Joseph Grundfest and Silicon Valley lawyer Craig W. Johnson. Financial Engines uses technology to implement many of his financial theories in portfolio management.

2009

Since 2009, Sharpe has been an advocate of "adaptive asset allocation" strategies, which seek to exploit recent market behaviour to optimise asset allocation and thus maximise returns and reduce volatility

2018

Today, Financial Engines has over 200 employees and is the leader in automated retirement plan investment advice and management, with more than $200 Billion in managed retirement accounts, providing advice and managed account services to employees in over 1000 major corporations. In March, 2018, Financial Engines was acquired for $3 Billion in cash.

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Deborah Ann Children N/A N/A N/A
#2 Jonathan F. Sharpe Children N/A N/A N/A

🎂 Upcoming Birthday

Currently, William F. Sharpe is 87 years, 11 months and 5 days old. William F. Sharpe will celebrate 88th birthday on a Thursday 16th of June 2022. Below we countdown to William F. Sharpe upcoming birthday.

Days
Hours
Minutes
Seconds

Recent Birthday Highlights

86th birthday - Tuesday, June 16, 2020

William F. Sharpe | Biography, Nobel Prize, & Facts

William F. Sharpe, American economist who shared the Nobel Prize in Economic Sciences in 1990 with Harry M. Markowitz and Merton H. Miller. Their early work established financial economics as a separate field of study. Learn more about Sharpe’s life and career.

William F. Sharpe 86th birthday timeline

William F. Sharpe trends

FAQs

  1. Who is William F. Sharpe ?
  2. How rich is William F. Sharpe ?
  3. What is William F. Sharpe 's salary?
  4. When is William F. Sharpe 's birthday?
  5. When and how did William F. Sharpe became famous?
  6. How tall is William F. Sharpe ?
  7. Who is William F. Sharpe 's girlfriend?
  8. List of William F. Sharpe 's family members?

You might intereintereststed in

  1. Top 20 Intellectuals & Academics celebrities in British
  2. Top 20 Intellectuals & Academics celebrities in United States