Experience Stern | News & Events

Excerpt from Investor Wired -- "The idea of a volatility index, and financial instruments based on such an index, was first developed and described by Prof. Menachem Brenner and Prof. Dan Galai in 1986. Professors Brenner and Galai published their research in the academic article 'New Financial Instruments for Hedging Changes in Volatility,' which appeared in the July/August 1989 issue of Financial Analysts Journal."

Excerpt from NY1 News -- "'There is a separate whole academic debate about whether pension plans of any kind should be investing in the stock market because of this kind of volatility,' said Lawrence White, a professor at the NYU Stern School of Business."

Excerpt from Deutsche Welle -- "There's a very complex set of factors that changes when you shift away from full-time salaried work towards these more flexible arrangements. In the United States right now, a lot of the social safety net, a lot of the benefits - ranging from steady salary and paid vacations to insurance and different kinds of health benefits - all of that is connected to being employed full-time, and it's much better if you're an employee. And as more and more work becomes flexible, it happens that these new sharing economy providers don't have access to the same benefits as fulltime employees do."

Excerpt from WIRED -- "Roy Smith, a professor of international business at the Stern School of Business at New York University, says that the US market may have been due for a correction. 'Tech stocks may have been somewhat overvalued anyway, [especially] if they were counting on the huge Chinese retail market to suck up the products and services of the big US tech firms,' he says."

Excerpt from Entrepreneur -- "As Ghose explains, investors may determine that investing $1 million across 10 startups might make more sense than investing $1 million in stocks during a bear market. 'For some, it will make more sense to invest in the stock market, but for some it will actually make more sense to invest in startups,' he says."

Excerpt from Poets & Quants -- "'We are excited to welcome an exceptional incoming class to NYU Stern,' [Gallogly] tells Poets&Quants. 'The full-time MBA Class of 2017 includes students from more than 60 different countries and with experience that ranges from entrepreneurs to doctors, bankers to teachers, and military veterans to film producers. As diverse as they are individually, what they all share in common is what we call IQ + EQ; they possess both intellectual and interpersonal strengths. We screen for this winning combination of qualities during the admissions process. We know these students will turn ideas into action, inspire others to their cause, and make their mark on the Stern community.'"
 

Excerpt from CCTV -- "I think [Uber has] demonstrated the ability to scale more rapidly than any other tech platform I've seen. They have... a really well-developed organizational machine that allows them to replicate success in one city across multiple cities and to deal with the local regulatory challenges, so I wouldn't be surprised if they pulled it off, but I think in terms of facing competition, China is probably the toughest market for Uber around the world."

Excerpt from Bloomberg -- "[The Syriza party] will try [to come up with a proposed leader], but it will be very difficult for them, so this is one of the reasons why he's doing the election very quickly. Another reason is that the heavy taxes that will come with the agreement have not been fully implemented yet and therefore the public doesn't feel them so much yet, and won't feel them by September. So, that's the second reason [for] doing it very, very quickly. So, these are reasons that are very good for Mr. Tsipras, but at the same time, they are very bad for the Greek economy. The Greek economy is ravaged by political and economic uncertainty."

Excerpt from CNBC -- "The elections add significant uncertainty to an economy ravaged by political and economic uncertainty. Tsipras' administration has been a disaster for the economy. Six months of fruitless negotiations were followed by closed banks, capital controls and very tight cash withdrawal limits. Consumption, as well as imports and exports (that mostly depend on imported raw materials), have fallen dramatically."

Excerpt from Ad Age -- "Now the image of Amazon as a grueling place to work, and Bezos as an insensitive taskmaster, is harder to shake and will probably prove troublesome for some time. While in the past such a report may not have been as damaging, today's consumers -- led by millennials -- are different. They care more about what sort of culture is behind the brands they like."

Excerpt from The New York Post -- "'Ironically, as the US economy has picked up some steam and the Fed finally looks to raise rates, we see weakness in global markets weighing on stock prices,' said New York University economics professor Joe Foudy, who noted that nearly half of all S&P 500 revenue now comes from overseas. 'The stock market reflects that.'"

Excerpt from The East Hampton Star -- "Many nonaffluent Americans know that a redistribution of wealth, such as Hillary Clinton’s proposal to increase capital gains taxes, is less likely to increase their standard of living than an increase in the economic pie for everyone. So, candidates must immerse themselves in ways to stimulate entrepreneurship and dramatically and quickly increase our gross domestic product and jobs."
 

Excerpt from TIME -- "Even as its growth slows to a more sustainable pace of around 7% this year, China, a voracious consumer of oil, gas, metals and minerals, will benefit significantly from lower commodity prices. Global crude prices are half what they were a year ago, and slower demand in China, tepid growth in Europe, resilient supply from North America and increased production in Iraq and Iran (as sanctions are lifted) will likely keep oil cheap for the next few years. Another parachute: China holds about $4 trillion in foreign currency reserves, more than twice as much as the No. 2 holder, Japan. That’s a sizable rainy-day fund to tap should the economy need emergency stimulus. It’s also a powerful fuel for massive investments overseas that create opportunities for Chinese companies, jobs for its workers and influence for its policymakers across the developing world."

Excerpt from Los Angeles Times -- "As agencies scrutinize Uber's background checks, Arun Sundararajan, a professor of business at New York University, said they also should evaluate the effectiveness of taxi driver screening. 'If people say Uber missed a certain fraction of drivers, how frequently does this happen with government regulators?' said Sundararajan, who studies the sharing economy. 'Are they perfect? Or do they sometimes miss this?'"

Excerpt from Marketplace -- "'We generally don't start by saying let's get the government involved,' says Arun Sundararajan, professor of information, operations and management sciences at New York University's Stern School of Business. 'In the American economy, what we've traditionally done is let the market provide what it can and then have the government step in and surgically correct market failures.'"

Excerpt from PolitiFact -- "Lawrence White, an economist at New York University, doesn’t see Glass-Steagall playing any role in the financial crisis whatsoever. He pointed to the crisis’ biggest culprits: firms such as Lehman Brothers, Bear Stearns, Goldman Sachs and AIG, to name a few. He added that much of the crisis hinged on activity by these institutions that would have been possible with or without Glass-Steagall, such as mass investment in notoriously bad mortgage loans. (Clinton’s staff linked us to commentary by several other experts who share White’s view.)"

Excerpt from Techday News -- "...having this venture has not only transformed my outlook on practically everything, but has helped me grow as a student and businesswoman in ways I could never have imagined. Having to solve problems leads you to discover characteristics that you didn't even know you possessed."

Excerpt from USA Today -- "'It's almost like he's designing what a great company should look and operate like, as opposed to just gunning for profits at all costs,' says Sundararajan, who teaches business at New York University. 'His philosophy seems to be guided by how to build another Facebook or Google.'"

Excerpt from The Conversation -- "We give our data to marketers (both willingly and inadvertently), and in return we expect to receive highly curated and personalized offers on our smartphones. Many consumers have even become resigned to the idea that they have little control over their data, and that this is the future of the world we will inhabit."

Excerpt from CBS -- "'The disadvantage of having them be W-2 employees is simple. It's cost. It's more expensive,' NYU Stern School of Business professor Scott Galloway said. It's expensive but a great marketing strategy, according to Galloway. 'Consumers claim they are very concerned about the well-being of the employees at a company,' he said."

Excerpt from The Wall Street Journal -- "Ultimately, the test of the model is its correspondence with the world. If we use certain frameworks, you can understand a much richer set of facts about the world. Growth is a difficult area to work because you’re addressing questions about the very long run, so you don’t have an abundance of data. You’re trying to invoke evidence from history over the very long run. We needed to come up with a way to think about all of these facts about the broad sweep of human history."

Excerpt from Livemint -- "'I do believe that collectively, the markets that are being used to justify these valuations  (online advertising in particular) are not big enough to justify the prices being paid, which I guess is a backhanded way of saying that the stocks are collectively overpriced,' [Damodaran] said in an interview."

Excerpt from The Boston Globe -- "'The basic dilemma is build or buy,' said C. Samuel Craig, director of the Entertainment, Media and Technology Initiative at New York University’s Stern School of Business. 'It’s very difficult for large companies to build internally because the corporate structure is risk-averse, and it’s hard to move quickly. If you see something out there that’s already working, the temptation is to buy or buy in.'"

Excerpt from Bloomberg View -- "Here are Stephen Cecchetti and Kermit Schoenholtz on liquidity. Their analysis includes the sentence 'We can separate claims about a loss of bond market liquidity into two fairly distinct categories: those about U.S. Treasury bonds and those regarding corporate bonds,' so I like them already. I feel like 90 percent of what I read about bond market liquidity treats Treasuries and corporates interchangeably, and as far as I can tell those markets have opposite liquidity problems (too much decentralized trading of Treasuries, too little of corporates)."

Excerpt from KIRO Radio -- "The idea that words are so dangerous, that anything could hurt anyone, and words are so dangerous in books that we need trigger warnings... this is new. And this is totally incompatible with the idea of a university, which is free speech, free thought... you should be able to say anything. ... Once you start saying that words are violence, that then can justify literal violence in response. So this is a very, very dangerous move. And it's only a few years old."