Experience Stern | News & Events

Excerpt from Project Syndicate -- "In fact, recent studies by Petra Moser and Heidi Williams, among others, find little evidence that patents boost innovation. On the contrary, because they lock in incumbents’ advantages and drive up the costs of new technology, such protections are associated with less new or follow-on innovation, weaker diffusion, and increased market concentration."

Excerpt from Big Think -- "People who are against vaccination are a vocal if small group that doesn’t agree with the general scientific consensus that vaccines are safe and do not cause autism. It doesn’t matter to many in that camp more than a dozen studies failed to find a link between the two. How can this be? How can people flatly deny scientific consensus? Enter the Dunning-Kruger Effect, a cognitive bias that a new study uses to explain anti-vaccine policy attitudes."

Excerpt from the Financial Times -- "Turning setbacks in internships into opportunities has the added benefit of showing a potential employer your initiative, Ms Briggs notes. 'When something goes wrong it is important to take that step back and think about what actions need to be taken to be more successful,' she says. 'You can often find someone who can help you.'"

Excerpt from Financial News -- "Roubini, the famously bearish NYU economist, who earned the nickname ‘Dr Doom’ for predicting the financial crisis, said: 'For bitcoin to be a currency it has to be a unit of account, a means of payment, and a stable store of value. It is none of these. Bitcoin is not even accepted at Bitcoin conferences, and how can something that falls 20% one day and then rises 20% the next be a stable store of value.'"

Excerpt from The Wall Street Journal -- "'Some organizations already suffer from innovation fatigue. They are sick of being told they have to replace everything they are doing with something new,' said Luke Williams, a professor at New York University’s Stern School of Business and author of the book Disrupt: Think the Unthinkable to Spark Transformation in Your Business, during the 2017 Deloitte Analytics Symposium."

Excerpt from Bloomberg -- "'There is no doubt to me that there are talks going on behind the scenes, because they are always searching for diplomatic solutions to these trade issues. Nobody want these trade wars. But do I think they are easy to win? No. Do I think the Trump administration is becoming more and more entrenched? Yes.'"

Excerpt from Directors & Boards -- "'I think they just tried to bury whatever it is he did,' he continues, 'and not have it be part of the public discussion about Barnes & Noble. But that doesn’t mean they can bury it forever.' Smith acknowledges it is unusual for a board not to disclose the reasons for a top executive’s termination, but he sees Barnes & Noble’s board as an outlier overall given the number of CEOs that the firm has gone through in recent years."

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."