NAME:

YUMNA HAMAD

ROLL NO:

10_005

GURU:
WILLIAM SHARPE

 Born
June 16, 1934(age78)
Boston, Massachusetts,U.S.
Nationality
United States
Fields
Economics
Institutions
William F. Sharpe Associates
Stanford University
UC Irvine
University of Washington1961-68
RAND Corporation
Alma mater
University of California, Berkeley, transferred

 Doctoral advisor
Armen Alchian
Harry Markowitz(unofficial)
Doctoral students
Howard Sosin
Knownfor
Capital asset pricing model
Sharpe ratio
Notable awards
Nobel Memorial Prize in Economic Sci
ences

EARLIER LIFE OF GURU

William Sharpe[1]was born on June 16, 1934 in
Boston, 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 the
University of California at Los Angeles to
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 on
portfolio theory.

 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.
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.
In 1961, after finishing his graduate studies,
Sharpe started teaching at theUniversity of
Washington.

 He submitted the paper describing CAPM to the

Journal 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 to
Merrill 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 the
American 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 INTERST
The 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.

BOOKS
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).
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 the
Employee Benefit Research Institute.
The award is in recognition of his
lifetime contribution to economic
security.