Experience Stern | News & Events

Excerpt from Forbes -- "...Prudential Investment Management recently issued a report arguing that urbanization across the globe is in its 'prime time.' The report cites a projection from New York University professors Paul Romer and Brandon Fuller that cities worldwide will gain more than 60 million people annually over the next three decades."

Excerpt from Yahoo! Finance -- "'Two of the world’s largest economies' -- the United States and China-- 'actually look very stable,' Bremmer notes. 'And yet neither of those countries want to do an awful lot to actually fix geopolitical concerns that don’t affect them very much.'"

Excerpt from LinkedIn -- "If you build it, they will come. Or so Professors David Backus and Glenn Okun learned when they organized Data Bootcamp, a non-credit elective course designed for students who want to learn Python, a popular programming language, in order to analyze economic, financial and business data most effectively. The course, offered every other Friday during the fall semester, developed when a group of MBA students approached the professors, identifying a need to understand code for business applications."

Excerpt from The Guardian -- "The American political psychologist Jonathan Haidt regards voters as 'deeply intuitive creatures whose gut feelings drive out strategic reasoning'. They no longer look just to their wallets. They seek comfort in identity, personality, above all security for themselves and their families."

Excerpt from Economic Times -- "'What they (Flipkart) need to focus on now is building an installed base of loyal users who will find the platform sticky enough and not go to competitors like Snapdeal or Amazon at the drop of a hat,' said Anindya Ghose, professor of IT and marketing at New York University's Leonard Stern School of Business."

Excerpt from Fortune -- "If you keep prices low for long enough, you get rid of those who are high marginal-cost producers, whether it’s shale gas and oil, or Russia, or Venezuela, you name it. Secondly, you commit to your fixed investment schedule and continue to increase capacity. That’s going to lead to everybody else to underinvest in increasing capacity. In the short term, you have lower oil prices, but in the medium term you’ve flushed out your competition … you take the pain for the next 12 to 18 months, but the result is higher prices and market share down the road."

Excerpt from The Huffington Post -- "...as we wish the ECB a happy birthday, we compliment the Frankfurt policymakers on their extraordinary achievements and applaud their willingness to change. We also hope they can recruit member governments to help solve the daunting problems the euro area faces."

Excerpt from CityLab -- "It's one of those things that everybody already knows (or thinks they already know): Things cost more in more expensive neighborhoods. But arriving at proof without relying on assumptions is not so easy. The paper, coauthored by Johannes Stroebel at New York University and Joseph Vavra at the University of Chicago, demonstrates 'direct causal evidence on the response of household shopping behavior and retail price-setting to changes in wealth and demand.'"

Excerpt from Haaretz -- "In a recent article Michael Spence, a Nobel Prize-winning economist who studied the issue of competition between states, identified five reasons for slow growth since the 2008 global financial crisis, as follows."

Excerpt from Economic Times -- "'The big benefit (of having one dominant seller) is that it enables them to fund discounts and dictate pricing policies in a very clever way,' said Anindya Ghose, professor of IT and marketing at New York University's Leonard Stern School of Business. 'They (WS Retail and Cloudtail) can suggest the discount amounts to the sellers and in fact compensate the sellers for the actual discounts given, either directly (via debit notes) or indirectly (by waiving listing fees or commissions).'"

Excerpt from Bloomberg -- "Over the past few years, though, activism has gotten easier, and the list of targets has grown. Unlike pension funds and most mutual funds, hedge funds are able, as New York University finance professor David Yermack described it in a 2010 paper, to 'concentrate assets in a few target companies' and 'build large voting positions by using leverage and empty voting strategies such as stock borrowing and equity swaps.'"

Excerpt from Forbes -- "At the end of each semester, I ask my business school students to share what they think are the best new products or services of the year. Given how international, digitally savvy, and current the students are, it’s a great way for us all to learn about standout innovations. Here are 11 of my favorites across a range of industries, and why I believe they’re a win for both consumers and the idea originators."

Excerpt from Napi Gazdaság -- "...as we wish the ECB a happy birthday, we compliment the Frankfurt policymakers on their extraordinary achievements and applaud their willingness to change. We also hope they can recruit member governments to help solve the daunting problems the euro area faces."

Excerpt from Bloomberg -- "Robert Whitelaw, chairman of the finance department at New York University’s Stern School of Business, said a successful fund needs more than an interesting investment thesis. 'What’s a thesis? A thesis is a story,' he said. 'The first thing is you may have the story wrong, and the second thing is, even if you have the story right, a lot of it is about timing.'"

Excerpt from CNBC -- "'The market's not big enough,' said NYU Stern Professor Aswath Damodaran. He specializes in valuations and doesn't see the Watch having a significant impact on the $660 billion company."

Excerpt from Bloomberg -- "In the decade starting 1945, U.S. benchmark yields averaged about 2.46 percent, according to 'A History of Interest Rates' by Sidney Homer and Richard Sylla."

Data Bootcamp, a non-credit course offered every other Friday during the fall semester, developed when a group of MBA students approached Professors David Backus and Glenn Okun, identifying a need to understand code for business applications.

Excerpt from Daily Mail -- "People who are 29, 39, 49 or 59 are more likely to cheat and make life-changing decisions as they approach a milestone birthday, a study published in November revealed... Lead author Adam Alter, from New York University, said: ‘People audit the meaningfulness of their lives as they approach a new decade.'"

Excerpt from Harvard Business Review -- "In an environment of geopolitical creative destruction, you will see much more global volatility in the markets. As a result, the quality of returns on investment and the quality of global growth is actually going down. This means that in order to achieve the same amount of growth as in the past, you will have to take on more risk."

Excerpt from Credit Union Times -- "A disciplined growth mindset applies to all levels of an organization, even transforming nations. In his recent book, 'Turnaround', Peter Blair Henry, Dean of New York University’s Stern School of Business, tells how through discipline, China, Mexico and Brazil, considered third world countries just decades ago, have lifted millions out of poverty."

Excerpt from PolitiFact -- "Only a small number of the derivatives deals could be considered 'incredibly risky,' [Figlewski] told us, noting that because of other Dodd-Frank provisions, derivatives have become considerably less risky. And while it is true that taxpayers bear some risk, given that the government guarantees banks as a whole, the risk to taxpayers 'is much less than (Pocan) wants you to think,' Figlewski said."

Excerpt from The New York Times -- "Arun Sundararajan, a professor at the Stern School of Business at N.Y.U., who researches the digital sharing economy, said social media platforms like Facebook and LinkedIn, and tools that verify one’s real-life identity, now allow us to vouch for a person’s credibility and good intentions. Trust can be cultivated even in high-stakes situations like 'letting a stranger into your bedroom,' he said, or in the case of long-distance ride-sharing programs like carpooling­.com, 'letting a stranger drive you to a strange city.'"

Excerpt from The Washington Post -- "Political parties have always represented classes, regions and industries with diverging interests, which must negotiate to find win-win compromises. But when you look at these trends together, you see that the parties have come to represent not just diverging material interests but different kinds of people with different moral values and ways of living. As these divisions have intensified, Americans have come to hate the other party and its members more and more."

Excerpt from CNBC -- "This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash. Our research shows that after a rocky first decade, which earned China's stock market a reputation as a casino, stock prices in China predict future profits as well as they do in the U.S. Moreover, this predictive power is highly correlated with China's corporate investment efficiency, suggesting that stock prices are teaching corporate managers important lessons as well."

Excerpt from Pacific Standard -- "For their most recent paper, Tinsley and her team conducted four separate studies... the research appears to have exposed something of a self-fulfilling prophecy, in that women with high gender determinism channel themselves into lower-paying jobs."