Experience Stern | News & Events

Excerpt from BusinessBecause -- "Citing preeminent nearby firms such as Union Square Ventures, IBM Blockchain Garage, the Digital Currency Group, [Yermack] adds that 'the main financial markets of the world and many of the important regulators are also in New York. It would be inexcusable for us not to tap into all the expertise and innovation that is occurring on our doorstep.'"

Excerpt from Fox Business -- "Well I think it's going to be a mixture of they will invest it in new products. They've got a strong tradition of developing new products that delight customers. They will be giving bonuses to a number of their employees and over the longer run it may well trickle into larger dividends but for the moment I think it's investing in the business and in their employees, both are terrifically important. I want to add one thing to what just got said about the tax cut, yes it was overdue but we missed an important opportunity to simplify the tax code to get rid of loopholes, there was precious little reform, way too much cut..."
 

Excerpt from BNN -- "One of the things that was also interesting about this group of people is that, first of all, most of them had far less formal education than you would expect for the fields they contributed to. And all of them resisted, in some way, the structure of formal education, but that doesn't mean that education wasn't important to them. What happened was that they consumed education on their own terms. So a lot of them were autodidacts, or self taught, and they read like crazy, and that enabled them to go as deep into a topic or as far abroad topics as they wanted, which turns out to be incredibly important because the curriculum that we might have in school or the pedagogical tools that we are using might be great for some students and might be a shackle for other students."

Excerpt from The New York Times -- "According to an analysis by Germán Gutiérrez and Thomas Philippon of New York University, the ratio of the market value of American corporations to the replacement value of their capital stock has roughly tripled since the 1970s."

NYU Stern undergraduate and graduate students, as well as Stern alumni from the classes of 2015, 2016, and 2017, are invited to attend the Stern Venture Fellows Kick-Off & Info Session to learn more about the program and how to apply.

NYU Stern Leadership Development hosted its first “Leadership in Crisis” simulation for MBA students. Designed to prepare students for managing real-world crises, the full-day event was made possible with support from Alvarez & Marsal, co-founded by Tony Alvarez (MBA ‘76), who serves as the firm’s CEO and is a member of NYU Stern’s Board of Overseers.

Excerpt from the Financial Times -- "In the late 1980s, a couple of finance academics, Menachem Brenner and Dan Galai, introduced the idea of an index that would effectively measure market expectations of how much the stock market might or might not wiggle around — and allow people to hedge against that change."

Excerpt from The Economist -- "The 'biggest bubble in human history comes down crashing,' tweeted Nouriel Roubini, an economist, gleefully."

Excerpt from Luxury Daily --  "The most beneficial aspect of 3D printing is that it forces brands to rethink their production process. Therefore, I would strongly advise anyone who wants to incorporate 3D printing to first study their existing production methods. At which point does the new technology allow for additional creative freedom? That's an added benefit."

Excerpt from The New York Times -- "'There was some gentle ribbing from my colleagues when I began giving talks on Bitcoin,' said David Yermack, a business and law professor at New York University who offered one of the first for-credit courses on the topic back in 2014. 'But within a few months, I was being invited to Basel to talk with central bankers, and the joking from my colleagues stopped after that.'"

Excerpt from the Financial Times -- "Drawing on the lives of Musk, Albert Einstein, Steve Jobs, Benjamin Franklin and many others, Schilling explores what drove them to create multiple breakthroughs and finds that while their intellect is key, this alone did not lead to their serial innovations."

On February 7, the NYU Stern Center for Global Economy and Business will host a fireside chat with Steven Eisman, The Eisman Group, Neuberger Berman. 

NYU students, alumni, faculty and staff gathered at NYU Stern on February 7 for the kickoff of the Third Annual MISSION: APPOSSIBLE, the NYU Mobile App Contest, a collaborative effort between Stern's W. R. Berkley Innovation Labs and Messapps.

Excerpt from Marketplace -- "Floors don’t really have traders. It’s being done in a computer system, in all likelihood in New Jersey. These automated trading models make the world go at speeds we really haven’t seen before."

Excerpt from Bloomberg -- "Entrepreneurs often fear what will happen to their creations once under the constraints of being a public company. Google’s Larry Page and Facebook Inc.’s Mark Zuckerberg each fretted over the risks of public scrutiny and quarterly earnings reports. 'The immediate feedback and daily heartbeat of Wall Street can be too much for a CEO who aims to take risks and experiment,' said John Horton, a professor at New York University’s Stern School of Business."

On February 6, 2018, the NYU Stern Center for Global Economy and Business hosted the Spring 2018 Economic Outlook Forum.

Excerpt from MarketWatch -- "Consider first a study that was published in 2006 by Malcolm Baker, a finance professor at Harvard Business School, and Jeffrey Wurgler, a finance professor at NYU. They devised a number of objective indicators of irrational exuberance that, in backtesting, were highly correlated with bubbles such as the 1929 stock market crash and the bursting of the Internet bubble in early 2000."

Excerpt from the Stamford Advocate -- "Clearly the benefit of the ads can be great. But there is a basic problem of clutter and there being lots of ads. The challenge is getting your message across to the audience."

Excerpt from BBC -- "The beauty of fashion is that it’s conspicuous; everyone knows what you’re wearing, so if you’re wearing a scarce, fashionable product, you get the benefit of knowing privately that you own something scarce, but also the benefit of being able to show other people that you own a scarce product."

Excerpt from the Financial Times -- "[Balanciaga] Creative director Demna Gvasalia and CEO Cédric Charbit have updated the brand’s DNA with contemporary elements of streetwear that make the brand relevant today. Additionally, the luxury house showcases the type of combined leadership (creative and business) that many other brands should follow as they strive to grow in the oversaturated fashion industry."

Excerpt from The Wall Street Journal -- "...from 1928 through 2017, the S&P 500, including dividends, generated an average annual return of 9.65%, compared with 4.88% for 10-year Treasury notes, according to data from Aswath Damodaran, a finance professor at New York University’s Stern School of Business."

Excerpt from The Washington Post -- "'It’s very hard to draw the line between what an engineer has acquired on their own and what is the property of the company and has been embedded in a product,’ [Sundararajan] said. ‘But the spillover of engineers working for one company and going to another after acquiring valuable knowledge is endemic in Silicon Valley and in the tech sector in general.'"

Excerpt from Fashionista -- "The ultimate goal is to save time, especially on routine activities, and focus on experiences that matter more. Additionally, since social media has made everyone’s life more public, people want to be certain that their posts reinforce public perception about their personal style. They will happily invest in kits/bundles that ensure they appear stylish."

Excerpt from CNNMoney -- "Raghubir, the marketing professor, said that if Groupon wants to succeed, it will have to do more than reintroduce a tweaked product to old clients. It will have to repair its reputation. And it'll take more than a clever Super Bowl ad to do that. Customers understand that they can save money with Groupon, she said. But they may have been burned before. It will take time to prove to them that they can trust this version of Groupon."

Excerpt from Bloomberg -- "Nouriel Roubini of Roubini Macro Associates said Bitcoin is the 'biggest bubble in human history' and this 'mother of all bubbles' is finally crashing, in an interview with Tom Keene and Francine Lacqua on Bloomberg Television. Bitcoin dropped below $8,000 Friday, a 60 percent tumble from its peak of $19,511 on Dec. 18. It isn’t just Bitcoin, Roubini added. There are more than 1,300 cryptocurrencies or initial coin offerings, and 'most of them are even worse' than the largest digital token. These constitute a 'a bubble to the power of two or three,' he said."