Experience Stern | News & Events

Excerpt from BusinessBecause -- "During my MBA exchange in NYU Stern, I was stunned by the startup culture in New York. Hackathons, coding boot camps and Meetups are all over the place. I believe there are more disruptions coming and more are driven by the new tech startups. They are poised to change the way we live, work and learn."

Excerpt from NASDAQ -- "Despite the bullish Tesla takes on Monday, a New York University finance professor said on Friday that he thinks one of the company's recent moves is very strange. Aswath Damodaran, who is regarded as a company valuation expert said he doesn't understand why a company that is losing cash, like Tesla, chose to raise its debt total and not sell stock."

 The program will address discounted cash flow valuation and the estimation issues that arise when information is imprecise or unavailable, value enhancement through the prism of discounted cash flow models, and contrast techniques. It will also delve into other valuation approaches, such as the use of multiples and comparables in relative valuation, and the use of option pricing to value certain types of stocks and businesses.

Excerpt from WIRED -- "'People feel very strongly that when they take photos it’s taking them out of the moment,' says Alixandra Barasch, a researcher at NYU who studies the effects of taking photos. 'Yet after years of running studies, we kept on finding over and over again that there were all of these positive aspects of photo-taking, as well.'"

Excerpt from the Financial Times -- "European safe bonds were first proposed by a group of European economists in 2011. In May this year a European Commission paper advocated the creation of a market for the debt, which could generate bonds with varying levels of risk."

Excerpt from MetroMBA -- "In a study entitled, 'Forgetting to Remember Our Experiences: People Overestimate How Much They Will Retrospect About Personal Events,” Mevvis and Tully investigated “how people’s expectations of how often they would recall an experience compared to how often they actually did recall it.' ... Barasch and her co-authors Kristin Diehl, Jackie Silverman, and Gal Zauberman, conducted an experiment framed around participants use of cameras. Their work, similar to Meyvis and Tully, found that those who did not take photos had 'more enhanced visual memory' than those that did take photos."

Excerpt from NBC News -- "'I think a lot of people do believe this is just huffing and puffing — and when push comes to shove, there’s not going to be any pushing,' Lawrence White, professor of economics at New York University's Stern School of Business, told NBC News."

Excerpt from Clear Admit -- "It wasn’t all that long ago that I was wondering what management consulting even was, and now I’m halfway through my summer internship in that exact field. My time at Accenture has taught me a lot, and I’m thrilled that I am exploring this path. If you’re considering making a change to enter management consulting, from where I sit, Stern is a great place for you to make it happen."

Excerpt from the Financial Times -- "We are effectively entering an era where I call 'the death of the advertising industrial complex.' I think advertising has become a tax that the poor and the digitally illiterate pay. If you're wealthy you get to opt out of advertising and brands are still depending on it."

Excerpt from Fund Strategy -- "The average country reclassified to a more-benchmarked index gains 23.2 per cent between the announcement and the reshuffle, but loses 12.4 per cent in the year that follows its inclusion in the new index, research out of NYU’s Stern School of Business, Chapman University and Acadian Asset Management shows."

Excerpt from Bloomberg -- "'It puts the company in limbo and prevents them from moving forward,' said Arun Sundararajan, a New York University professor and author of The Sharing Economy. 'This kind of fight is going to hurt Uber significantly in the short term.'"

Excerpt from US News & World Report -- "Change management courses help MBA students understand the psychology of change, including both the motivation of a company's visionaries and the resistance of people who are frightened of a company's transformation, says Anat Lechner, clinical associate professor of management and organizations with New York University's Stern School of Business."

Excerpt from Bloomberg -- "The street-planning idea was dreamed up by Shlomo 'Solly' Angel, who leads the Urban Expansion program at New York University’s Marron Institute of Urban Management. It’s virtually costless because ranchers and farmers are happy to donate land that will be adjacent to a main road, Angel says. NYU has landed a contract to train 109 other Colombian cities in planning for expansion and is working with 18 cities in Ethiopia. 'It is impossible to cut a road through a built-up area,' he says. 'Either we do it now or we don’t do it at all.'"

Excerpt from Yahoo Finance -- "For Bitcoin to gain traction, it has to achieve at least a semblance of steady value. 'We are reluctant to transact in something where the day-to-day value for our transactions’ purposes could vary substantially,' White said."

Excerpt from Cheddar -- "...being computer scientists, we started looking at how we can automatically generate virtual models of the real world. We went beyond video games and started looking at things like architecture, special effects, and training simulations for the military and first responders, where people need these virtual models for most of the projects they work on."

Excerpt from Luxury Daily -- "'[From a school perspective,] partners keep us relevant,’ said Kim Corfman, professor of marketing and academic director of the Fashion & Luxury one-year MBA at NYU Stern School of Business, New York. 'They ensure that we are educating students to solve problems that matter and that the solutions they create are of value. At a more practical level, partners provide us with live cases and projects to which students can apply what they have learned.' ... 'Luxury brands need people who understand both the retail environment and the challenges a business faces in the industry,' said Thomaï Serdari, founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York."

Excerpt from The Economist -- "The equity-risk premium, or the annual excess return that investors demand to hold shares rather than bonds, is 5.03 points, against a pre-crisis average of 3.45 points, notes Aswath Damodaran of the Stern School of Business at NYU."

Excerpt from The Atlantic -- "Between 1990 and 2008, 98 percent of new jobs came from so-called 'nontradable' industries that aren't sensitive to international trade, according to the economist Michael Spence."

Excerpt from Business Insider -- "According to Anindya Ghose, a professor at NYU's Stern School of Business, the e-commerce giant could be the first company to break through the $1 trillion barrier for market capitalization. The company is currently worth about $476.07 billion, which means it would need a 110.1% increase in its stock price to reach that level. But Ghose thinks Amazon's rise will come at the expense of lots of retail jobs. 'In many ways, it might actually be a blessing in disguise because it's also simultaneously going to cost lots of jobs in the economy,' Ghose told Business Insider."

Excerpt from Investing.com -- "Vasant Dhar: 'I worry that this time might in fact be different because we haven’t had intelligent machines in the past that we could trust with making decisions. That was in the domain of human beings. Machines assisted us. They helped us. But it’s different this time. And it’s going to be very challenging.' ... Arun Sundararajan: '…digital technology is changing how we organize work. It’s taking us from fulltime employment, which was the predominant way of earning a living in the 20th century, toward a wide variety of non-employment work arrangements.'"

Excerpt from the Financial Times -- "As Stephen Cecchetti and Kermit Schoenholtz nicely show, BNP’s halting of redemptions was followed by an immediate tightening of lending between financial institutions. Below is their graph of the Libor-OIS spread, which measures the difference between the rate at which big banks reported to be lending to one another over a measure of the safest market interest rate."

Excerpt from BYU Radio -- "What my research points out is there is a crucial distinction between those two types of buyers: those who rent out their places - the apartment still remains available for the locals to live in, whereas those who leave their places vacant, in some sense, are literally reducing the supply of available real estate for the local residents."

Excerpt from The New York Times -- "Scott Galloway, a professor of marketing at New York University’s Stern School of Business, said Mr. Damore’s comments carried additional weight to people on either side of the political spectrum because he was an engineer at Google, one of the world’s biggest technology companies. Alongside other giants such as Facebook, Amazon and Apple, these companies 'are seen as pillars of our society,' Mr. Galloway said. 'Controversy and statements that emanate from these employees take on a different heft.'"

Excerpt from the Sydney Morning Herald -- "It turns out that if the technology settings are right, we are far more likely to trust a stranger than their own colleagues or neighbours. Weird, huh? The findings are from a study co-authored by assistant professor Mareike Möhlmann at Warwick University, professor Arun Sundararajan at New York University, and two executives from BlaBlaCar, a ride-sharing platform that connects drivers and riders mainly for city-to-city travel. It's hitchhiking for the 21st century."

Excerpt from Poets & Quants -- "I enjoyed getting to know my classmates the most. Everyone is so inspiring – even though my classmates are pursuing completely different things than me, I am inspired by their passion, intellect, curiosity, and persistence. I see students pursuing dual degrees, starting their own businesses, and making real changes to improve their lives and the lives of others around them. Going to business school is also a great time to do some self-reflecting and to pursue personal growth. I can’t imagine how many years of working it would have taken me to learn as much as I have in the past two years – not just from a professional standpoint, but from a management and leadership perspective as well."