Myron Scholes, a Nobel Laureate and co-originator of the Black-Scholes options pricing model, shares his remarkable journey from a mining town in Canada to the forefront of financial economics at the University of Chicago. He discusses the transformative impact of his model on options trading and investment banking, and the challenges faced during its development. Scholes also delves into the interplay between financial regulation and innovation, emphasizing the need for adaptability in an ever-evolving market landscape.