William Forsyth Sharpe is an American economist who received the Nobel Memorial Prize for Economic Sciences for developing the ‘Capital Asset Pricing Model’
@Intellectuals & Academics, Family and Childhood
William Forsyth Sharpe is an American economist who received the Nobel Memorial Prize for Economic Sciences for developing the ‘Capital Asset Pricing Model’
William F. Sharpe born at
William Sharpe got married to Kathryn, a well-known painter, in 1986.
They have a daughter named Deborah and a son named Jonathan from the marriage.
William Sharpe was born in Boston, Massachusetts, USA on June 16, 1934.
William had his schooling at the ‘Riverside Polytechnic High School’ and graduated in 1951.
He joined the ‘University of California at Berkeley’ in 1951 in order to study medicine.
Before the first year was over he decided to study Business Administration instead and joined the ‘University of California at Los Angeles’.
Out of the two main subjects of accountancy and economics he decided to major in economics as he found accountancy to be too plain.
In 1961 William Sharpe moved to Seattle and joined the ‘University of Washington’ as professor of finance in the ‘School of Business’.
While teaching at this university, he started his research on asset pricing and came up with the ‘Capital Asset Pricing Model’ or CAPM.
He remained with the University of Washington up to 1968 except for a year when he took leave to work for the Rand Corporation.
He moved to the ‘University of California at Irvine’ in 1968. He remained at this university for only a couple of years.
He moved to the ‘Stanford University’ in 1970 and joined the ‘Graduate School of Business’ where, other than teaching, he continued his research.
William Sharpe published the papers ‘A Simplified Model for Portfolio Analysis’ in 1963 and ‘Capital Asset Prices – A Theory of Market Equilibrium Under Conditions of Risk’ in 1964.
His book ‘Portfolio Theory and Capital Markets’ was published in 1970 and 2000 while his second book ‘Asset Allocation Tools’ was published in 1987.
His next two books ‘Investments’ and ‘Fundamentals of Investments’ in collaboration with Jeffrey Bailey and Gordon J. Alexander were published in 1999 and 2000 respectively. The ‘William F Sharpe: Selected Works’ was published in 2012.