Experience Stern | News & Events

Excerpt from CNN -- "What are the lessons to take from this mess? First, don't assume that bankers, experts and analysts know what they are talking about. When they tout an investment, be especially skeptical if they have a stake in it."

Excerpt from Bloomberg TV -- "I think Spain is in a position where they can stay in the euro zone, stabilize the trajectory of the fiscal side of the house and eventually restore the growth and the employment momentum."

Excerpt from The New York Times Business Day Live -- "There's a lot of uncertainty about size and solvency of deposit insurance funds and that caused a lot of unrest in Spain about Spanish banks."

Excerpt from MSNBC -- "Gabaix argues that it's impossible for consumers to intelligently shop for printers. No consumer knows how much ink costs -- the cartridges don't come in standard sizes, the amount of ink used to print varies and ink costs are unpredictable. That makes the true price of a printer 'shrouded,' in Gabaix's terminology."

Excerpt from International Business Times -- "'Spain's fiscal condition has looked far more precarious than at the beginning of the year,' said Dr. Viral Acharya, Professor of Economics at New York University's Stern School of Business' Department of Finance."

Excerpt from GigaOM -- " ... rules about protecting users’ personally identifiable information aren’t as meaningful as they once were. During a recent conversation with NYU Stern School of Business professor Arun Sundararajan about intent-based privacy, he called anonymity a 'gray area.'"

Excerpt from The Wall Street Journal -- "'A market for Eurobills can start small, improve financial stability and banking regulation, and provide much needed liquidity to solvent countries,' say its creators, French economist Christian Hellwig and New York University economist Thomas Philippon."

Excerpt from Find-MBA.com -- "Isser Gallogly, assistant dean of MBA admissions at NYU's Stern School of Business, Stern's part-time program is generally for 'people who like their industry, like their function, and are seeking the knowledge that an MBA program can provide them to do better and go further in their careers.'"

Excerpt from The New York Times -- “I don’t think we’ll get all the way to the unraveling of the euro system. The way they are approaching solutions to it is the one that’s going to cause the most possible pain and damage to the countries on the periphery.”

Excerpt from Business Insider -- "CNBC anchor Maria Bartiromo delivered the commencement address at NYU Stern last week, and she told graduates about the time in 1993 when Lou Dobbs said she was making the biggest mistake of her career by leaving CNN."

Excerpt from Reuters blog -- "Miners’ average return on capital was 19 percent in January, according to data from Aswath Damodaran at New York University. The industry’s average cost of capital in 10 percent. Fast back to 2000, before the China boom kicked off, and returns were at 6 percent."

Excerpt from MSNBC -- "Anindya Ghose, an associate professor at NYU’s Stern School of Business, reckons the bankers pricing the deal overestimated the company’s projected revenue growth rate. With a more modest outlook for future revenue growth, he reckons Facebook shares would be worth a price 'in the mid to upper 20s' -- closer to the first estimate of $28 the company gave investors."

Excerpt from Ignites -- "The correct price for the stock is in the upper 20s, according to Anindya Ghose, associate professor and Robert & Dale Atkins Rosen faculty fellow at the NYU Stern School of Business. He notes several factors that may be contributing to the falling share price: Facebook CEO Mark Zuckerberg, who he says is not very popular with investors, bad timing, the structure of the IPO and concerns about Facebook itself."

Excerpt from The New York Times -- "In fact, for all its innovation, the financial industry of today is less efficient than it was in the age of the railway, according to research by Thomas Philippon at New York University. That is, it charges the rest of society more for financial intermediation than it did 130 years ago."

Excerpt from Project Syndicate -- "If invested in infrastructure, education, and external financial assets, natural-resource revenues can accelerate growth. But, too often, such revenues distort economic incentives, which come to favor rent-seeking and interfere with the diversification that is essential for growth."

Excerpt from US News & World Report -- "'The bond market is not imposing discipline on us as borrowers,' says Kim Schoenholtz, professor of management practice at NYU's Stern School of Business. 'Often countries are compelled to [consolidate] when markets charge them a risk premium. For the moment markets are not charging the U.S. a risk premium.'"

Excerpt from The Huffington Post -- "So even in a mercantilist world, and even within the limited framework of what we have traditionally done, we could act to incent production here and to balance trade."

Excerpt from US News & World Report -- "Research by the University of Southern California's Gulden Ulkumen, Cornell University's Manoj Thomas, and New York University's Vicki Morwitz found that college students were about 40 percent off-target when budgeting by the month, but only 3 percent off when thinking by the year."

Excerpt from Forbes -- "Much as I would like to believe that the pricing of Facebook in the IPO was based upon an assessment of the fundamentals, I am a realist. Much of what passes for valuation on Wall Street and corporate boardrooms is not valuation, but pricing."

Excerpt from US News & World Report -- "'The bond market is not imposing discipline on us as borrowers,' says Kim Schoenholtz, professor of management practice at NYU's Stern School of Business. 'Often countries are compelled to [consolidate] when markets charge them a risk premium. For the moment markets are not charging the U.S. a risk premium.'"

Excerpt from International Business Times -- "'The fact that [Facebook has] gone down in price is purely a reflection of the initial offering price and the fact that it was so rich. I mean the company's valued at something like 75 or 100 times earnings and we really have no indication that its going to be able to earn the kind of revenue that would justify that valuation,' said Foudy."

Excerpt from Fox Business -- " ... Joel Hasbrouck, a finance professor at NYU's Stern School of Business, who believes the troubles suffered by Nasdaq were a function of 'wildly divergent beliefs' about Facebook’s valuation. 'That would stress just about any market,' he said"

Building on its strengths in economics, finance and global commerce, New York University Stern School of Business has established the Center for Global Economy and Business to promote faculty research into the global aspects of modern economies and business.

Excerpt from Financial Times -- "Graduates from NYU Stern, most noted as a finance school, also do well in luxury goods and the media industry. Christian Dior, Estée Lauder and Tiffany have all recruited there this year, along with Disney, LinkedIn and Quidsi, the retailing division of Amazon."

"The U.S. is not able to contribute in any way with the new funds established 'European'' and the response to the crisis, starting with the rescue of Greece'' must come from Frankfurt , in the form of a substantial expansion of funding for the firewall, the trench fighting for the common currency (Italian to English translation)."