Experience Stern | News & Events

Excerpt from CFA Institute -- "I don’t think there is one right way to do investing. The markets accommodate all these different points of views, and actually there is money to be made [using many of these approaches] although it’s getting harder all the time. People have the same skill sets, and they are all pretty well tagged up."

Excerpt from Financial Times -- "Relying on cyclical patterns to judge economic and financial trends may not be as dependable as it once was because of the structural changes in financial markets. Compared with just a few decades ago, financial markets are huge, trading activity is huge and financial assets are highly concentrated in relatively few institutions that are deemed too big to fail."

Excerpt from Stars & Stripes -- "Professor J.P. Eggers at the New York University Stern School of Business, said the new leadership also needs to evaluate middle managers to figure out whom to empower and whom to sideline. 'I would thoroughly expect that there would be a number of interviews [and] conversations to try and identify … the ones who are too far gone to save in terms of their commitment to the existing status quo, versus the ones who have the potential for leadership, who have the reputation within the organization, and will have the willingness to push for change; and finding ways to get those people as involved as possible in identifying problems [and] identifying solutions,' he said."

Excerpt from TIME -- “'Here you can evaluate the quality of output over time and then decide whether you want to continue subscribing or not,' says Anindya Ghose, a professor of information, operation and management sciences at New York University who also studies crowdfunding. 'It’s a very positive self-reinforcing cycle where people give small amounts of money, which incentivizes artists to do a better job, which then leads people to give more money more frequently.'"

Excerpt from Financial Review -- "'It’s a rebirth of the notion that bigger is better,' says C. Samuel Craig, director of New York University’s Stern School of ­Business entertainment, media and tech­nology program."

Excerpt from The Wall Street Journal -- "[Anish] Patel, 20, is the founder of Uplift Humanity, a New Jersey-based nonprofit that works with orphans and imprisoned youth in India. It’s an organization he founded four years ago, following a series of annual family vacations to Gujarat. 'My yearly trips to India gave me a new understanding of how luck defines the circumstances you are put in,' he said. 'I believe these kids deserve a second chance.' ... Mr. Patel’s organization focuses primarily on youth who are caught in a cycle of poverty and theft. “You can work on confidence-building and anger management. The kids who come to these facilities struggle with low self-esteem and it’s a major factor as to why they turn to things like theft,” he said."

Excerpt from El Pais -- "Productivity in some parts of Europe was low before the crisis, but fell [further during the crisis] and still has not recovered, except in Germany. Unlike Japan, on the outskirts loss was especially [in the area of] employment. Moreover, Europe does not seem to be making the investment in human capital [they] should do to improve their productivity."

Excerpt from Le Monde -- "Today, more than 20% of the American workforce is independent, that is to say, not employed by a traditional organization, and this figure is growing rapidly. This dynamic is reflected in the fact that significant portions of the innovative activity migrate increasingly outside organizations. This has resulted in a dramatic increase in micro-entrepreneurship. Part of this entrepreneurship and innovation on a small scale can lead to the creation of large traditional companies, but a large share of economic activity could still be caused by this new hybrid-business market."

Excerpt from Bloomberg -- "'It is based on actual trades amongst a select group, rather than being based on trades by all market participants,' Rosa Abrantes-Metz, a professor at New York University’s Stern School of Business, said today by phone. 'The benchmark should be based on trades that are occurring for a longer period of time in the day. It should be based on trades that can be collected electronically and by anybody that’s traded during that time period.'"

Excerpt from San Francisco Chronicle -- "Arun Sundararajan, an NYU business professor who studies emerging digital economies, said it's not possible to determine whether the complaints are from a vocal minority or represent widespread dissatisfaction. 'It seemed like (the new model) was a necessary shift for TaskRabbit to grow, but they may have underestimated the extent to which providers and clients felt a sense of ownership over doing things the old way,' he said. 'In any marketplace, the people who are trading start to feel engaged with the process they have learned.'"

Excerpt from Business News Network -- "It's actually very difficult to really say whether insider trading occurs or not... We got inspired by a series of insider trading cases that were discussed in the financial press. We just thought we should go out there and do a systematic study on this in the context of M&A activity and in the options market. Now, within that market, what we see is that there is unusual activity in the options market going on ahead of these announcements, but that only suggests that there is a lot of informed trading. So it's very difficult to say whether that is insider trading or not."

Excerpt from BusinessBecause -- "NYU Stern created the Social Impact Internship Fund, a financial stipend of up to $10,000, which supports first-year full-time MBA students who wish to complete a summer internship working at the intersection of business and society. Several other schools have followed suit. Recipients have worked with nonprofit organizations [and] for-profit social enterprises, and started their own social ventures."

Excerpt from Bloomberg -- "IBM is a huge company, and right now, if you're not Google or Apple, it sucks to be a big company in tech. Anyone associated with the desktop era of the 80s and 90s is suffering, whether it's HP or IBM... IBM is better suited than those guys because they have a really robust services division."

Excerpt from Bloomberg -- "'It is easier for a seller to predict how a consumer will value a collection of goods than it is to value any good individually,' wrote [Erik] Brynjolfsson, who directs the Massachusetts Institute of Technology’s Center for Digital Business, and Yannis Bakos of New York University’s Stern School of Business in a 2000 Marketing Science article."

Excerpt from CCTV -- "We're seeing record increases in exports of dairy... to China, where we're seeing 20-30% growth year-on-year over the last several years, huge increases in exports to southeast Asia, Mexico... we're seeing just a record boom across a range of dairy products."

Excerpt from MBAPrograms.org -- "NYU Stern graduates should feel confident that their education has prepared them not only for the next step in their career after the MBA, but also for a future of career opportunities. While at Stern, students learn from our world-renowned faculty while also gaining hands-on experience in management and leadership through a variety of programs such as the Leadership Development Initiative, Board Fellows Program and Stern Consulting Corps. This combination of theory and practice prepares students to transform challenges into opportunities and create value for business and society."

Excerpt from Reuters -- "'The strike is not as effective a weapon as it once might have been,' Foudy said ahead of a threatened strike by unionized workers on the Long Island Rail Road that could effectively shut down the nation's largest commuter railway at 12:01 a.m. Sunday."

Excerpt from Greek Reporter -- "Greece has not yet convinced investors that it is at a stage of recovery. How can it convince them? Through public investment with money raised from the sale of new bonds. Greece should issue, every year for 3-4 years, €5 billion per year of 5-year or 7-year bonds at an interest rate of 4-4.5% and put all the money raised in a 'Development Fund.' Greece should ask the large European countries (Germany, France) to put €1 billion in total to the same fund, and have common governance."

Excerpt from Bloomberg -- "In the end, the courses that probably... pull it all together are... the corporate strategy courses. You see them at many of the major business schools where you're actually playing against each other. In the case of the course I'm teaching, it's a course on managing financial institutions where, essentially, you're taking the knowledge base of the first year, and you're saying, this is how it's actually done at the companies. And we're going to be teaching cases where we're talking about the strengths and the weaknesses."

Excerpt from MarketWatch -- "More movies, television shows and live sporting events being produced by one company means less competition and more seller power, says Samuel Craig, director of the Entertainment, Media and Technology Program at New York University’s Stern School of Business. 'Consumers may see a slight increase in their cable bill to see the content they want,' he says. As media reports of the bid have suggested, it’s unlikely that the Federal Communications Commission would allow one company to own both CNN and Fox News, he adds."

Excerpt from The New York Times -- "As Steve G. Cecchetti and Kermit L. Schoenholtz, economists who write the Money and Banking blog, point out, if regulators managed to address the systemic risks posed by the activities and products that asset managers offer, then the risks posed by the companies themselves would be sharply diminished, if not eliminated."

Excerpt from Financial Times -- "Rosa Abrantes-Metz, adjunct professor at New York University Stern School of Business, and one of the most prominent critics of the precious metals fixes, says she is 'greatly satisfied' with the changes, citing the improved transparency and expanded market participation. 'What is most important is the reduction of conflict of interest between the benchmark administrators and those who trade on it,' Ms Abrantes-Metz says."

Excerpt from Portland Press Herald -- "The problem with trendy foods is that no one really knows what sales will look like five years from now. If a business owner catches the upswing of a trend, Eggers said, they may be able to get several years of good business before having to worry about the bubble bursting. That’s what happened with Crumbs. 'They came in relatively early in the cupcake trend,' Eggers said. 'They actually made a lot of money for a period of time, but they got themselves in trouble because they overexpanded.'"
 

Excerpt from Demos -- "New York University Economics Professor Thomas Philippon has estimated that the financial sector causes a 'misallocation of resources' in the amount of $280 billion each year."

Excerpt from The New York Times -- "Given the evidence, US society would benefit from a more balanced housing policy that puts equal weight on rental and home ownership assistance programs. On the ownership side, we need a policy that stimulates the accumulation of home equity, for example through down payment assistance, rather than mortgage debt. We should cut the benefits for the rich by lowering the limit below which Fannie and Freddie can purchase mortgages (or phase out these government-sponsored enterprises altogether as I have argued in 'Guaranteed To Fail'), by capping the mortgage interest rate deductibility, and by focusing efforts on first-time buyers."