Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "More than half—55%—of nearly 42,000 companies around the world didn’t generate returns on their invested capital last year that were high enough to cover the cost of their borrowings and stock, according to Aswath Damodaran, a finance professor at New York University’s Stern School of Business."

Excerpt from Fast Company -- "'It makes sense that the features of your logo are going to have this effect,' Meyvis says. 'It’s what’s called priming—the idea that you prime certain concepts in someone’s mind by showing them something that’s associated with this concept.'"

Excerpt from Bloomberg -- "'The money he raised early was largely in order to give him the chance to blow the others away early, which we know he did not do,' said Roy Smith, a finance professor at New York University’s Stern School of Business who was a Goldman Sachs partner until 1987. 'In hindsight, they may regret giving the money -- or not, I don’t know. Maybe this isn’t over.'"

Excerpt from Poets & Quants -- "...the real question for students as they go through their education at an MBA program is not, 'Will I have a successful business at the end of this program or am I on my way to an episode of Shark Tank or a big valuation with a VC?' The real question is, 'How many bold new experiments did I get started during my educational journey here?' Those experiments, that constant moving arrangement of ingredients into new recipes to test, is a form of what we often call innovation capital. So it’s treating every idea that you come up with as an item of investment in its own right."

Excerpt from Luxury Daily -- "'The piece that was introduced [at the start of the millennium] was innovative in its symbolism (zero one, the binary code that describes all life and allows it to evolve as well) but safe in its choice of material, a uniform shade of gold,' said Thomaï Serdari, Ph.D., founder of PIQLuxury, Co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York."

Excerpt from the Financial Times -- "Aimed at budding film producers and entertainment industry executives, this degree covers financing and filmmaking. The course is a partnership between NYU Stern School of Business and Kanbar Institute of Film & Television at the Tisch School of the Arts. Students also get a chance to attend the Cannes Film Festival."

Excerpt from Strategy + Business -- "Business ethics today is, in some ways, like medical practice was 50 years ago. It is based more on clinical experience than on evidence. This impedes our ability to design regulations and management systems that reward effective and ethical business behavior. It can be changed only through interdisciplinary research. Business and regulators need to collaborate in thinking about the results. And the research has to have a direct connection to practical issues."

Excerpt from CNBC -- "China's economy will soon be the largest in the world. China is by far the largest manufacturing center globally, and it has the largest consumer market, with hundreds of millions of people joining its middle class. These should be heady days for Chinese leaders. And yet they cling to an outdated political model, which is neither wise, nor sustainable. Western companies doing business in China need both to understand the magnitude of these challenges and to develop business models and practices that reinforce and support constructive changes."

Excerpt from Poets & Quants for Undergrads -- "'The number one lesson I learned was the importance of building meaningful relationships. People are what drive business and opportunities. My first exposure to this was simply in interacting with other college students where I observed how much of a difference trust and perception made in all engagements business and personal. This realization was further supplemented by the social impact business core where we focused on thought leadership and communications' – Samir Goel ... 'I believe that capitalism is a game where not everyone has equal starting points, yet everyone is subjected to the same standards – wealth. Studying business has allowed me to understand the game and navigate my life accordingly so as to ensure my survival while hopefully creating some positive externalities along the way.' – Teri Tan"

Excerpt from the Inquisitr -- "A new study of patents and their effects on business claims that the U.S. patent system has significant benefits for start-up businesses. 'The Bright Side of Patents' by Joan Farre-Mensa of Harvard Business School, Deepak Hegde, and Alexander Ljungqvist of New York University’s Stern School of Business found that the employment and sales growth of U.S. startups was enhanced by patents."

Excerpt from The Japan Financial News -- "At the meeting, Professor Wolff pointed out that the most dangerous phrase [for corporate culture] is, 'We've always done it this way'. … Professor Stehlik said, 'Employees [versus top executives] are the greatest asset in establishment of corporate culture.'"

Excerpt from the Economic Times -- "Advanced and emerging economies are slowing because of macro imbalances, financial excesses, debt and leverage, lack of structural reform and aging populations. Emerging economies are going to grow at 4-5% compared with 5-6% earlier. This is a new 'abnormal' for the global economy. This will continue for a few years with maybe bright spots here and there but they would be exceptions as there are more downside risks than upside risks in the global economy."

Excerpt from Bloomberg -- "Uber’s most obvious market is taxi and limousine services, which the company already has been entering and in some cases disrupting. Damodaran sizes that entire market at $125 billion in annual global revenue and believes it’s possible for Uber to take a 40 percent share of it -- or $50 billion."

Excerpt from MetroMBA -- "'The nature of consulting work is a great match with our student profile,' said Hori. 'We seek applicants who possess both strong intellectual and interpersonal strengths—what we call IQ + EQ.' She also noted that consultants must be very smart, good with clients and effective managers. She added that many Stern School students hone their skills through the Stern Consulting Corps, Board Fellows Program, Leadership Development Program and club leadership roles."
 

Excerpt from Scroll.in -- "The integration of refugees can also be seen as a positive case for business and human rights – an opportunity for businesses to step up and speak out for refugees who have been deprived of their basic rights in the context of conflict. Irrespective of the potential economic benefits of the influx of refugees, some companies are therefore approaching the topic through a human rights lens by establishing cross-departmental forces to set up integration programmes."

Excerpt from Commercial Observer -- "Stijn Van Nieuwerburgh, the director of the Center for Real Estate Finance Research at New York University, said he is not worried about the impact of an interest rate move on the real estate market, but has greater concerns about the strength of the overall economy. 'The real fear is that we’re over the peak in the GDP cycle,' he told Commercial Observer Finance."

Excerpt from New China TV -- "Our political relationship with China convinced many countries to join. The other thing we should remember as well is, the world needs more infrastructure. And so, even in the United States where some people had some concerns, we generally think more money available for development is better. This bank will change many, many lives."

Excerpt from The New York Post -- "If we consult Jonathan Haidt’s Moral Foundations Theory, we can better understand how 'The Big Short' and '13 Hours' reflect the resentments and frustrations on the left and right alike."

Excerpt from Project Syndicate -- "In short, a reasonably comprehensive strategy for restoring country-level and global growth would include measures to elevate and remove obstacles to public and private investment, thereby contributing to aggregate demand. It would also include a variety of reforms to strengthen private investment incentives. And it would include an inclusiveness agenda directed at structural disequilibrium in labor markets and potentially destructive income inequality. Thus far, with few exceptions, such comprehensive growth strategies have been missing."

Excerpt from Bloomberg -- “In [the] V-Lab, we’re recording volatilities of about 22% for January in the S&P, but when you look a little bit further behind, you see, actually that’s small compared to what we had in August. … The Volatility was up to 30% in August, and the VIX was a little higher. … Volatility tends to come in clusters, so when it’s high, it tends to stay high for a while.”

The Macro Financial Modeling (MFM) Group Winter 2016 Meeting is co-sponsored and hosted by the Volatility Institute at the NYU Stern School of Business. Scholars, central bankers and practitioners will discuss interactions between credit risks of financial sectors and their respective sovereigns.

NYU Stern’s MS in Risk Management (MSRM) Program hosted the third Risk Roundtable Series on January 28. Approximately 65 attendees including Stern alumni and industry professionals gathered to hear from Stern Professor Tom Cooley and NYU Professor of Politics and Economics David Denoon, director of NYU’s Center on US-China Relations.

Excerpt from Bloomberg -- "So I'm thinking, in 10 years, China will have a per capita income of like $20,000, which puts it in the high income, advance country category... If they get there. You can always have a sudden stop. That can occur anywhere."

Excerpt from the Harvard Business Review -- "From data scientists to web developers to designers, firms are locked in competition for technical talent. You can’t compete with the likes of Google and Facebook without coders, but if you’re not Google or Facebook, it often seems, you can’t afford them. But there’s a catch, according to a recent working paper by Prasanna Tambe and Xuan Ye of New York University, and Peter Cappelli of Wharton. When it comes to attracting technical talent, salary isn’t all that matters. The better the technology at your company, and the greater the learning opportunity, the better your chances of bringing technical employees on board, and of keeping them."

Excerpt from CNBC -- "'Don't [buy Apple stock] because you expect it to become a growth company again. It's not going to become a growth company,' Damodaran told CNBC's 'Squawk on the Street.' 'It's really more like [tobacco company] Altria — it's a dividend-paying, solid cash cow. I mean, people are as addicted to their iPhones as they are to cigarettes.' It might take a while for investors to swallow the transition from growth to value, Damodaran said, comparing Apple to fellow mature tech company Microsoft. But with around $200 billion in cash, Apple could keep paying dividends for the next 25 years and not feel the pain, he said."