Experience Stern | News & Events

Excerpt from On Being -- "Happiness comes from ... getting the right kind of relationship between yourself and others, yourself and your work — and that’s broadly defined, just some sort of productive activity — and yourself and something larger than yourself. To really flourish, you need to feel that you are part of something big, or something that will leave a mark, that will do something. And I hear this from my students constantly. Everybody’s looking for how can they leave a mark? Help somebody? Be part of something bigger? And so, given our evolutionary history, and the weird modern way we’re living, we can still have fantastically satisfying lives. We just have to work at it harder than people might have a few generations ago."

Excerpt from Risk.net -- "'CoVAR is an interesting statistical concept about co-dependence in outcomes of individual security or fund returns with the market's or another index's returns, but there is no causality associated with it,' says New York University's Acharya. 'It is hard to make the conceptual case that we should regulate a fund or asset manager based on CoVAR.'"

Excerpt from US News & World Report -- "The University of North Carolina—Chapel Hill's Kenan-Flagler School of Business, the Marriott School of Management at Brigham Young University and New York University's Stern School of Business are just a few of the schools that offer summer classes and workshops for incoming full-time MBA students. Summer programs usually allow students to brush up on quantitative skills and get a feel for what life will be like once the official school year begins. They study topics such as financial accounting and statistics, and sometimes take workshops on career management. Many include opportunities for international students to also improve their English language skills and learn about U.S. culture."

Excerpt from the Financial Times -- "'Brands need to create a story that feels authentic to a consumer who has been overexposed to traditional advertising messages,' [Serdari] says."

Excerpt from Inman -- "The researchers found a strong correlation 'between the recent house price movements in counties where a respondent has friends, and whether that respondent believes that local property is a good investment.'"

Excerpt from The New York Times -- "Trump comes along and punches political correctness in the face. Anyone feeling some degree of anti-PC reactance is going to feel a thrill in their heart, and will want to stand up and applaud. And because feelings drive reasoning, these feelings of gratitude will make it hard for anyone to present arguments to them about the downsides of a Trump presidency."

Excerpt from The Atlantic -- "Galileo versus the Church, for fueling the myth that science and religion are natural enemies. But the universe doesn’t become less spiritual as we understand it better; in fact, the poetry in scientific truths flourishes with deeper understanding."

Stern's Department of Information, Operations, and Management Sciences (IOMS) will host the 2016 Collective Intelligence Conference. 

Excerpt from Marketplace -- "'Very quietly, companies have been returning call center jobs to the U.S. from where they were outsourced to, whether it was India, the Philippines,' or elsewhere, said Mor Armony, an associate professor at New York University’s Stern School of Business. ... 'There’s been a big backlash-- not only politically,' said Armony. 'But also from a business perspective… there’s a basic trade-off between quality and costs.'"

Excerpt from ABC.net -- "'If you look at the economy of the world, half of the hundred biggest economies are not states, they're private companies,' [Posner] says. 'Walmart's the 30th biggest economy in the world if you compare revenues to gross domestic product: $500 billion a year."

Excerpt from the National Post -- "A seminal contribution of the New York University economist Paul Romer — who came to economics from physics — was to recognize that 'more output' was the wrong way to think about economic growth. Instead of producing more stuff, economic growth consists of re-arranging the stuff that is already there in ways that we value more. New technology is best seen as the creation of new 'recipes,' and there’s no obvious limit to human ingenuity in coming up with more of those."

Excerpt from The Wall Street Journal -- "Jacob Jacoby, a marketing professor at New York University, said Coke could face a high bar if it challenges beverage companies’ use of 'zero' in court after not demonstrating consumer confusion in the case of Diet Rite Pure Zero."

Excerpt from The Globe and Mail -- "In his view, it is difficult to have an edge in an environment of certainty. For companies 'with profit-making histories and a well-established business model in a mature market,' it’s easy to build valuation models – but this ease also means many more investors are in the hunt, making it hard to find true bargains before they are captured by others."

Excerpt from The Atlantic -- "'To me, what these sharing economy platforms represent is early examples of a different way of organizing economic activity, which sits somewhere between the 20th-century organization and even the 18th-century one-person shop selling to an individual market,' [Sundararajan] said. 'It’s not a pure sort of marketplace... It’s not a traditional organization like a hotel or a train company, but it’s somewhere in between.'"

Excerpt from USA Today -- "'The basic business idea behind these companies is very good, but it’s going to take a particular company to make the model work,' says Arun Sundararajan, a professor at New York University’s Stern School of Business and author of The Sharing Economy."

Excerpt from Financial News -- “During the crisis, CLS saved the day by making it safe for dealers to put up one leg of a deal and yet be content waiting to receive the second leg of the transaction hours later. It is thanks to CLS that the FX market did not freeze up after Lehman, which happened in other financial markets.”

Excerpt from the Financial Times -- "The anonymity of cash helps to free people from their governments and some criminality is a price worth paying for liberty, as professors Stephen Cecchetti and Kermit Schoenholtz observe. It is better if the government creates trusted, anonymous notes and coins rather than some private agent."
 

Excerpt from The Boston Globe -- "'Uber and Lyft are spending more and more money to run in place,' [Damodaran] said. 'The alternative services are not going to do much better, either. The key in this business is finding ways to create barriers to entry and competitive advantages that eventually may help these companies charge higher prices.'"

Excerpt from The Atlantic -- "'The Dow is hardly a history of the U.S. economy. It is an index—unweighted—of the stock prices of a small number of America's largest corporations selected to represent the leading firms at particular times in our economic history,' explains Richard Sylla, a professor of economics at NYU’s Stern School of Business who studies the history of financial institutions."

Excerpt from New York Magazine -- "'The consequences of awe should be of interest to emotion researchers and to society in general,' they wrote in the study, published in the journal Cognition and Emotion. 'Awe-inducing events may be one of the fastest and most powerful methods of personal change and growth.'"

Excerpt from Bloomberg -- "Viral Acharya, who works on financial stability at New York University’s Stern School of Business, said that while he’s much more worried about an economic collapse in China than he is about shadow banks, regulators aren’t yet focused on the issue. Risks -- such as short-term funding -- will always move from closely watched areas into the shadows. 'This has been the real problem of regulation,' he said. 'It’s always fighting the last war.'"

In just two years, NYU Stern has lifted the number of full scholarships from zero to 34 for high-achieving/low-income business students who are admitted to the School’s Undergraduate College. Named “The Access Initiative,” the effort marks a radical change in the School’s ability to open its doors to the most promising young people with extreme financial need.

Excerpt from Vogue -- "Youssef and his fellow co-designers will move into the CFDA Incubator space in the Garment District this month and stay in their personal, low-rent studios and communal spaces through 2018. Prior to moving in, the designers completed a semester-long consulting engagement with MBA students at NYU’s Stern School of Business, and will continue to receive mentorship throughout their two-year residency from more than 50 fashion insiders."

Excerpt from Marketplace -- "'If Goldman is a giant face-sucking squid then Google and Facebook are Predator and Alien,' said Scott Galloway, a professor of marketing at NYU’s Stern School of Business. Both Silicon Valley and Wall Street are made up of powerful companies focused on shareholders. So both should fall under the same scrutiny, said Galloway."

Excerpt from Poets & Quants -- "I think there is an important conversation to be had among universities, policymakers and the business community to have a vested interest in making education more affordable. The Access Initiative is our effort to help bridge that gap and make sure every student who is qualified is able to attend business school regardless of their economic background."