Experience Stern | News & Events

Excerpt from Bloomberg -- “'The presumption is that if JPMorgan should resign the business, then someone else would do it,' said Roy Smith, a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner. 'These people all say we serve our clients, so if our clients get into trouble, we serve them as long as we can.'”

Excerpt from Bloomberg TV -- "There's a group of salespeople calling on advertisers selling them ads on the Amazon platform and the Kindle platform. They also own IMDB and several other sites, so they're like Yahoo or AOL or Facebook. They're selling ads on their platforms."

Excerpt from Forbes -- "The Stern School of Business won, and they were represented by Thomas Li, Ador Michael Cristofi, Kapish Haldia and Joshua Cao. The students are involved in NYU Stern’s Investment Analysis Group, and they manage $25,000 that has been donated by Justin Pollack and other alumni. The group has a portfolio management team of 25 students and a club membership of 250 students."

Excerpt from Forbes -- "BCG's analysis has been eviscerated by Ralph Gomory, an iconoclastic economic analyst whose authority is not diminished by the fact that in a previous life he headed IBM's research and development department. As Gomory points out, BCG based its analysis on a crucially false assumption that East Asian economies work on American free-market principles. His conclusion is chastening: 'A real manufacturing renaissance in America - at least one based on reshoring from China - is not something we can expect.'"

Excerpt from PBS -- "I really don’t think globalization is the heart of the matter, it’s just a manifestation … a way in which corporations which are dedicated to profit only make a profit. It happens to be an unusually destructive way. But as long as that’s their dedication … then … that’s a problem."

Excerpt from The New York Times -- "Gov. Andrew M. Cuomo argues that the amendment would create jobs, increase school aid and lower property taxes. And, yes, it would do all those things. But it’s still a bad idea. Other strategies would accomplish the same goals more effectively, without the disastrous spillovers that invariably accompany expanded gambling."

The NYU Stern Office of Career Development hosted the first annual Stern Leadership Case Competition, featuring Mike Indursky, president of Bliss, on Friday, November 1.

Excerpt from Harvard Business Review -- "A few finance scholars, most persistently Thomas Philippon, of New York University, have also been looking into whether there’s a point at which the financial sector is simply too big and too rich—when it stops fueling economic growth and starts weighing on it."

The Stern Healthcare Association will host its annual Healthcare Summit on Friday, November 1.

The 2013 Stern Investment Management and Research Conference, themed "Finding Opportunities in Turbulent Times," will be hosted by student organization SIMR on Friday, November 1st.

Prospective doctoral candidates are invited to attend an Open House to learn more about the Stern PhD Program and meet Stern faculty and current PhD students.

Excerpt from Bill Moyers -- "Jonathan Haidt is a pioneer in the psychology of morality and how that feeds into politics, and it really helps with something like this where you have strong emotional passions that are irreconcilable on the left and the right."

Excerpt from The Washington Post -- "'It's like a waterfall: If you think Facebook's worth $110 billion, then Twitter's worth $50 billion, and Snapchat's worth $4 billion,' says Aswath Damodaran, a finance professor at New York University's Stern School of Business. 'If you change your frame of reference, are they paying because they think it's worth $4 billion, or are they paying because they think they can flip it to someone else to $6 billion? As long as I can sell it to someone else for more in six months, who cares what it's really worth?'"

Excerpt from Seeking Alpha -- "Aswath Damodaran, a Professor of Finance at the New York University, may not be a household name, but he's made some of the most accurate share valuations in the recent past - predicting Apple's peak and Facebook's low, to name a couple. And now, after doing his math on Tesla, Damodaran concluded that Tesla is worth $67.12. When he came up with this figure, Tesla was trading at $170.62, and after working out a comparative index, I believe he may be right."

Excerpt from Bloomberg Businessweek -- "Robert Engle, who won the Nobel prize in 2003 for his method of analyzing unpredictable movements in financial market prices, has a few unpredictable movements of his own: He won a celebrity skating competition in New York in May."

Excerpt from The Atlantic Cities -- "'If something becomes better,' Sundararajan says, 'people want more of it, not less.' In other words, an expansion of consumption possibilities leads to an increase in consumption. This is essentially a story of economic progress, Sundararajan says: new technology leads to more efficiency, which leads to an expansion in production and consumption possibilities."

Excerpt from Project Syndicate -- "For now, policymakers in countries with frothy credit, equity, and housing markets have avoided raising policy rates, given slow economic growth. But it is still too early to tell whether the macro-pru [macro-prudential] policies on which they are relying will ensure financial stability."

Excerpt from Bloomberg -- “'Some of this is just old deeds coming home to roost, and it’s taken this amount of time,' Thomas F. Cooley, the former dean of New York University’s Stern School of Business, said about the recent onslaught of fines. Cooley, who now teaches economics there, said he wonders if the global banks have the right oversight and compliance now. 'We’re a long way from there yet.'”

Excerpt from This View of Life -- "Professor Haidt is one of the world’s most famous psychologists and leading public intellectuals—having been named, for example, a 'top world thinker' by Prospect magazine and a 'top global thinker' by Foreign Policy magazine. He is especially well-known for his work on the foundations of the moral emotions. In his 2012 book, The Righteous Mind: Why Good People Are Divided by Politics and Religion, he goes further than he ever had previously in theorizing about the evolutionary origins of these emotions, and his interview proved to be a rich source of insights about the nature and development of his theoretical approach."

Excerpt from The Wall Street Journal -- "Mr. Damodaran sees Facebook as worth between $25 and $30 a share. The shift to mobile advertising doesn’t excite him because that is integral to the 40% or so revenue growth that analysts project for the next few years. 'You’d need evidence that Facebook is entering a new business' to raise those forecasts, Mr. Damodaran says. 'Nothing that Facebook has said in their quarterly reports leads me to believe that’s changed.'”

Excerpt from NPR -- "Anindya Ghose, an NYU professor who studies consumer reviews, said Vine members might review things more positively than people who had to pay for their stuff. 'As humans we are hard-wired to give in to this sort of enticement where if you continuously get things for free, then you're more likely to be biased positively than biased negatively,' he said."

Mo Koyfman, general partner at Spark Capital, a venture capital firm; and Jeremy Philips, managing partner of Occam Partners, which invests in technology and media, and a member of the Board of Directors of TripAdvisor, joined Dean Peter Henry and MBA students for NYU Stern’s Block Lunch event series.

Excerpt from Psychology Today -- "There’s a fundamental asymmetry between the past and the future: the past represents a collection of definitive events, while the future is unpredictable, unknown, and not fixed. The authors reasoned that people who more actively seek out risk in their daily lives would also be more likely to want to travel to the 'less known and predictable future, relative to the more familiar and more predictable past.'”

NYU Stern announced the establishment of The William R. Berkley Scholarship Program to support exceptional seniors who wish to pursue their MBA at Stern directly following college graduation.

Excerpt from Poets & Quants -- “'I think this is going to be life changing for a handful of people,' said Isser Gallogly, assistant dean of admissions, in an interview with Poets&Quants. 'The program will be relatively small and extremely selective. We’ll do a maximum of ten a year. A lot of it depends on the quality of the applicant pool. We’re looking for seniors with stellar academics and a great capacity to contribute to business and society. We are absolutely looking for exceptional people.'”