Board Thread:Episode Discussion/@comment-26397825-20171028154114/@comment-26018514-20171029075410

ChishioKunrin wrote: Knightmareace wrote: Why's wouldn't you believe that this ancient story was around since someone was a child? .....

Except Ozpin's joke had some truth to it, unbeknownst to Pyrrha. She thought he was just being silly. Given the context, it seems to prove he is not the wizard in question unlesshe was misdirecting by referring to a more recent childhood.