Aired 02/21/09
William F. Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business. He joined the Stanford faculty in 1970, having previously taught at the University of Washington and the University of California at Irvine. In 1996, he co-founded Financial Engines, a firm that provides investment management and advice for individuals in employer-sponsored retirement plans. He currently serves on its board.
He was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis, 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.
Dr. Sharpe has published articles in a number of professional journals, including Management Science, The Journal of Business, The Journal of Finance, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, The Journal of Portfolio Management, and The Financial Analysts' Journal.
He has also written seven books, including 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) and Investors and Markets: Portfolio Choices, Asset Prices and Investment Advice (Princeton University Press, 2007).
Dr. Sharpe is past President of the American Finance Association. In 1990 he received the Nobel Prize in Economic Sciences.
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 (Austria), a Doctor of Science, Economics, Honoris Causa from the London Business School and the UCLA Medal, UCLA’s highest honor.
A detailed vitae sheet is available at www.wsharpe.com/bio/vitae.htm. Additional information can be found on the world-wide web at www.wsharpe.com and www.financialengines.com.
Podcast Summary
Hosted by Ron DeLegge
It is the only weekly program dedicated to the key market indexes and the financial products that track them.
Ron DeLegge is the weekly voice of the Index Investing Radio Show. He's
been quoted and contributed to financial news articles published by the
Associated Press, Business Week, USA Today, and the Wall Street Journal.
In addition, Ron serves as the Publisher and Editor of ETFguide.com, a
popular destination for information on exchange traded funds or ETFs. He
is also a contributing writer to a monthly column on ETFs for Research
Magazine (ResearchXtra.com), an industry trade journal for financial
advisors.
He believes the formula for beating Wall Street starts with trusting the
indexes, not the money managers that try to beat them and fail.
