From past innovations to future visions, Prof. Merton captivated the audience with his profound insights into financial science.
A recipient of the 1997 The Nobel Prize in Economic Sciences for his groundbreaking work on the Black-Scholes-Merton model, he emphasized that true innovation arises from the coexistence of need, science, and technology.
🎤 “If you only look through the rear window while driving too fast, the road ahead may change before you realize it.”
This powerful allegory underscored the rapid pace of financial evolution.
Prof. Merton also shared thought-provoking ideas on Retirement Security Bonds (RSBs) and the application of real options in infrastructure finance, highlighting striking examples such as Leipzig’s energy expansion in the 1990s.
Before the main event, Prof. Merton took time to meet exclusively with 10 students, answering their questions and engaging in insightful discussions.
A special highlight of the evening was when Prof. Merton presented the Deputy of the Dean, Professor Christoph Kaserer, and the with a unique gift: stationery from the hotel where Nobel Laureates stay in Stockholm, signed and kept for nearly 28 years.
This remarkable event was facilitated by Dimensional Fund Advisors in collaboration with the Technical University of Munich.
A heartfelt thank you to Prof. Merton for an evening brimming with knowledge, inspiration, and history!
