On 7 August 2017, Mark P. Kritzman, CFA, interviewed Robert C. Merton, winner of the 1997 Alfred Nobel Memorial Prize in Economic Sciences, to discuss his student days at Columbia University, Caltech, and MIT; his development of the continuous-time theory of optimal lifetime consumption and portfolio choice as well as his contribution to the development of the option-pricing formula; and his collaboration with Paul Samuelson.

Author Information

Mark P. Kritzman, CFA, is a founding partner and CEO at Windham Capital Management, Boston.

Robert C. Merton is the School of Management Distinguished Professor of Finance at Massachusetts Institute of Technology and the John and Natty McArthur University Professor Emeritus at Harvard University, Cambridge, Massachusetts.

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