NYU Stern Fireside Chat with Nobel Prize Winner, Professor Paul Romer

On October 24, NYU Stern hosted a fireside chat and reception to celebrate Professor Paul Romer winning the 2018 Nobel Prize in Economic Sciences.

NYU Stern Fireside Chat with Nobel Prize Winner, Professor Paul Romer

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If I may. Let me just go back and fill in one one detail. There's I think there's a nice story about. So what were the what were the. Incentives and kind of compensation I got for working with Don on the Marin Institute and the single most important thing was is that Don really kind of steeled up his courage and was nervous about this but finally said to me Paul could could I introduce you to a friend of Katie's his wife.

OK well sir.

And Donna and Katie were worried because we went to a restaurant it was very noisy it was little hard to hear. But but the woman he introduced me to. And I hit it off just just instantly. The funny parts of the story is she was dating somebody very kind of important the New York City and very wealthy she asked a friend she'd learned where I live where I have a house and she has a friend you know what should I do. And the friend said go with the real estate.

So you're done. And then why you.

I am now part of a partnership with a love of my life. When I went to bed when I went to the World Bank on leave. There was this kind of conversation which went like.

Well while I'm on leave. Can I keep the house. And can I keep the girlfriend in the card she likes.

Is the order there. So we're New Yorkers you know you got to ask about the real estate. But Don it was really a wonderful unexpected side benefit of the friendship with Don and his wife Katie. OK. So on to more serious matters there Christine.

What is it like to be alone here. Everyone in this room would like to know that it have to you.

Well I have to reassure you that there's a kind of a buffer at home if you're if you're worried in my in my press conference I said something while economists if we're going to be the umpires of the fact business we can't take the field and score a goal.

When I got home Carolyn said Paul you don't have umpires and soccer and we actually have four dogs and there are times when she's she's extremely good writer she published a book this year. But that you should all read called Proust Duchess. But we have four dogs and sometimes she has to speak to me the way she speaks to the dogs. It's like Paul put that metaphor down and you can see why I get in trouble with metaphors.

But anyway so she helps keep me a little bit grounded. You know there was a reporter who said to me I was talking on the phone and he said You're so young to get the Nobel Prize. I said wait a minute are we on the record. Can I quote you. And he said Yeah. So I held up this reporter's is I'm really young. After the phone call is done Carolyn came down and now we're going to have to talk about flattery and people when they're feeling you. So yeah you know there's a check. Checks and balances. There's also this funny feeling that. You know I'm I'm the same person. But yet a lot of things are suddenly different and I think somebody else said Paul you have a new first name. It's Nobel laureate Paul right. So those first names Nobel laureate those are not really me those mean I've got a new role and so there's things that come with that role. And I'm you know I'm mindful of those but it's important to keep track of what those are. I mean those responsibilities are about this broader endeavor the science and the discovery that the prize. So who knows. Oh done actually. Do you know what. And then got Oh I probably told you what I instead got the Nobel Prize for it wasn't it wasn't relativity. You know this is amazing.

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Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver