Experience Stern | News & Events

Excerpt from Forbes -- "For instance, to cite just one of many, a magisterial study by Germán Gutiérrez and Thomas Philippon entitled 'Investment-less Growth: An Empirical Investigation' (NBER, 2016) shows that public corporations invest about half of the operating returns that they used to. The study shows that 'the ratio of net investment to net operating surplus for the non-financial business sector… between 1959 and 2001 is 20%. The average of the ratio from 2002 to 2015 is only 10%.'"

Excerpt from HuffPost -- "Vasant Dhar is a data scientist, and a professor at the Stern School of Business and the Center for Data Science at New York University, where his research focuses on artificial intelligence and machine learning. He is also the founder of a machine learning-based hedge fund."

Excerpt from The Motley Fool -- ""Albert Aldrich III attends NYU Stern School of Business where he is studying Finance and Management. His detailed review of how the 2008 financial crisis has formed millennials opinions around investing and personal finance was unique and interesting. Albert's argument around why over 50% of millennials don't feel comfortable putting their money in the stock market, and his discussion of the solutions for that, impressed the judges."
 

Excerpt from Bloomberg -- "'By December or early fall it could be a perfect storm where the U.S. is engaged with trade wars with Europe, with the NAFTA partners, and with China and therefore there could be a risk of a slow down of global economic growth.'"

Excerpt from Chief Executive -- "Seventh Generation saw the shift coming almost a generation ago. That is, the growing consumer desire for environmentally sustainable (i,e. green) products, along with the demand to know what ingredients are in the things they eat and drink, in the products they use to wash their children and their clothes, and in the lotions and potions they put on their bodies."

Excerpt from Quartz -- "In October 2017, researchers at Uber produced a paper (pdf) in collaboration with John Horton, an NYU Stern assistant professor of labor economics, market design and information systems, which asserted that Uber was effectively powerless to raise driver wages."

Excerpt from Stamford Advocate -- "'We’re looking at the end of the cash era, and that means everyone in the payments stack is looking to position themselves,' said Kathleen DeRose, a clinical associate professor of finance in New York University’s business school, said in a recent interview. 'From Synchrony’s perspective, they benefit from economies of scale.'”

Excerpt from Financial Post -- "According to the Stern School of Business’s Volatility Lab, the Shanghai index’s average weekly volatility is about nine percentage points higher than the S&P 500."

Excerpt from the L.A. Times -- “'Where you see examples where this is successful, you see them creating these boundaries,' Wiesenfeld said. 'The integration is mostly at the top, and you're not killing the goose that lays the golden egg.'"

Excerpt from Fortune -- "People who have made fortunes on Wall Street or spent their careers studying investing have tended to be skeptical of Bitcoin. Billionaire Warren Buffett scorned it as 'rat poison squared.' J.P. Morgan CEO Jamie Dimon advised Bitcoin investors to 'just beware.' Economist Nouriel Roubini called it the 'biggest bubble in human history.'"

Excerpt from Yahoo Finance -- “'GE brought electricity to Americans, brought appliances to kitchens.. it’s left its imprint, it’s accomplished much of what it sent out to accomplish,' said Aswath Damodaran, finance professor at New York University."

Excerpt from Fox Business -- "'Every time you peel back the onion here, every time you ask more questions, you find out that it was worse than originally reported.'"

Excerpt from HousingWire -- "Altman states that as the amount of debt leverage has increased in the global economy there has been a compression of credit ratings: 'How many 'AAA' rated companies in the US? Two. Johnson & Johnson and Microsoft. Two left. Why is it that there are not more 'AAA' rated companies? Leverage.'”

Excerpt from Bloomberg Next -- "'Employees need to have the skills to work with different stakeholders both internally and externally,' said Tensie Whelan, director of the Center for Sustainable Business at New York University’s Stern School of Business." 

Excerpt from InTheBlack-- "The earnings don’t measure changes of values as they used to. To focus on earnings as many financial analysts are still doing, with all the spreadsheets that they have, which are basically aimed at predicting future earnings, is just a futile exercise.' Baruch Lev, Stern School of Business"

Excerpt from Bloomberg -- "'Large trades are not impacting prices,' said Abrantes-Metz, the NYU professor and an expert on manipulation who has testified about rigging of the globally used Libor interest-rate benchmark, among many other cases. 'I’ve looked through lots and lots of data, and I don’t think this is real,' she said, referring to the trading on Kraken."

Excerpt from The Real Deal -- "'It appears they didn’t observe the standards a conventional lender would apply,' said Gary Friedland, a scholar-in-residence at NYU Stern who analyzed the case in a December report for the school’s Center for Real Estate Finance Research." 

Excerpt from Bloomberg -- "The foreign-exchange markets still present particular challenges, according to Vasant Dhar, a data-science professor at New York University and founder of SCT Capital Management, a hedge fund that’s relied on machine-learning applications for two decades. The complexity and variety of the macroeconomic factors that can sway any given currency relative to another can make FX markets distinctly challenging to analyze versus stocks or bonds."

Excerpt from The Times -- "I mean, watching GE is like watching the Bataan Death March, right? I mean, every company has a story. And at this point, GE's story is that of, you know, decline. And the end is coming. You can see it."

Excerpt from Salon -- "Recessions tend to start after the Fed fights rising inflation by increasing interest rates. Interest rates are abnormally low now, so I see the Fed moving to normalize them at a faster pace in 2018. That could dim the economic outlook for 2019. ... [The Federal Reserve Open Markets Committee will raise its target rate in 2018] three times, and 2.25 percent."

Excerpt from the Virginian Pilot -- “'It’s not a failure if they pull out,' Professor Thomaï Serdari said. 'If Nordstrom knows where their customer is, why would it be a failure for them to leave that particular location and go somewhere else where the customer is waiting for them?'”

Excerpt from China Daily -- "Professor Michela Giorcelli from the University of California, Los Angeles, and Professor Petra Moser from New York University - both in the United States - have studied the effects of copyrights on the output of new operas in Italy around the year 1800. They have found that the introduction of a basic level of copyright protection for the creation of operas, where it had previously been absent, increased both quality and quantity of opera output."

Excerpt from CNBC -- "'Associating yourself with the Amazon brand, even if you are one of several hundred delivery companies, is extremely powerful,' Ghose explains. If you start your own low-cost small business on your own, 'then, it's just your brand. And it's going to take forever for anybody to establish their own brand. I think that, for me, is the biggest difference.'"

Excerpt from Inc. -- "'Conservative justices have been good for business, and if there's another conservative justice, that will only increase the likelihood of pro-business decisions next term,' says Ari Ginsberg, a professor of entrepreneurship and management at New York University's Stern School of Business, who follows the judiciary and its impact on startups." 

Excerpt from Ethnews -- "'I've looked through lots and lots of data, and I don't think this is real,' said Rosa Abrantes-Metz, a professor at New York University's Stern School of Business and an expert on manipulation."