Experience Stern | News & Events

Excerpt from BusinessBecause -- "New York University Stern School of Business is one leading figure when it comes to assessing and recruiting EQ talent—the school recently added an 'EQ Endorsement' section to its application. 'EQ differentiates Stern MBA students in their ability to solve problems and tackle challenges,' writes Isser Gallogly, associate dean for MBA admissions and program innovation."

Excerpt from CNBC -- "'I think the better path for bitcoin is to actually make it a digital currency, a currency that you and I can take on our travels and use actually to buy stuff and sell stuff. If that happens, then I'm OK with the pricing,' said Aswath Damodaran, a professor of corporate finance and valuation at New York University's Stern School of Business."

Excerpt from the Financial Times -- "A report this month by Amy Webb of the New York University Stern School of Business envisaged that voice interface and augmented reality technology would be so profoundly disruptive of our lives that most media organisations would come under existential threat."

Excerpt from The Wall Street Journal -- "Now the redeployment of funds has raised new concerns about the EB-5 program, which is facing reauthorization by Congress. For example, the June policy manual 'appears to allow' developers to invest redeployed funds in projects that don’t get as much vetting as the original EB-5 project, according to Gary Friedland, a scholar-in-residence at New York University who has written about the program. 'The investors may unwittingly end up with their money being invested in a much riskier venture than they anticipated,' he said."

Excerpt from Bloomberg -- "Nobel laureates Joseph Stiglitz and Michael Spence are leading a new initiative to find solutions to what they see as a dysfunctioning market economy. The Commission on Global Economic Transformation is aiming to tackle global economic challenges from stagnating growth and inequality to migration and climate change. It intends to meet with elected officials and policy makers to share its recommendations."

Excerpt from TheStreet.com -- "'Valuations are very high,' said Richard Sylla, a professor emeritus of economics at New York University Stern School of Business, who said he keeps a close watch on the more complex Shiller CAPE PE Ratio. 'That's the kind of flashing light warning signal that says we're in territories where valuations are extremely high.'"

Excerpt from Forbes -- "'It is not only a question on how to make money,' concurs Professor Nicholas Economides from NYU. 'It is understanding the structures that create profitable opportunities.'"

Excerpt from Pensions & Investments -- "In my research on the risk anomaly published in the Financial Analyst Journal with Brendan Bradley, Ryan Taliaferro and Jeffrey Wurgler, we explain the superior performance of the lowest risk, most boring, stocks to a combination of investor psychology and constraints on professional money managers."

Excerpt from the Los Angeles Times -- "'It’s easy to imagine that Amazon could offer advantages to online customers,' said Michael Dickstein, an assistant professor of economics at New York University."
 

Excerpt from Inc. -- "There is substantial evidence that women, on average, are less confident about their own abilities than men are. It stands to reason that receiving a signal, in this case via Damore's internal memo at Google, that they are biologically less well suited to high-tech careers might contribute to discouraging some women from entering the field."

Excerpt from Xinhua -- "'I think that the stock market reacted positively to the anticipation or expectation that taxes would go down and that corporations would have greater levels of profitability, while higher level of profitability for corporations leads to higher stock prices,' Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview."

Excerpt from Crowdfund Insider -- "New York University’s Stern School of Business announced on Thursday it is set to host its second annual Fintech Conference, which is called The Transformative Potential and Regulatory Challenges of FinTech on November 3rd."

Excerpt from Reuters -- "A year ago, the biggest discussion around the four was whose CEO is more Jesus like and how do you get your kid a job there and all of a sudden everything they do now, we are angry at. So the worm has definitely turned. Now the question is, where does stuff get real? Where do we really start seeing the conflict? And I think many of the major conflicts of the 20th century, a major conflict is brewing between governments and big tech and I believe the war... on big tech is going to break out in Europe."

Excerpt from Luxury Daily -- "'Brands’ investment in art projects serves two purposes,' 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. 'On the one hand, it reinforces luxury’s proximity to the arts. On the other hand, it truly positions a brand in front of a well-trained audience with a nuanced aesthetic sensitivity and a higher disposable income.'"

Excerpt from Metro -- "'I think more companies should move to reduce the wage gap by increasing the salaries of people making below 70K in the company and reducing those of the C-Suite,' she says, 'academic studies consistently point to no financial benefit to shareholders of paying the type of salaries CEOs currently command and there is clear societal value in paying people a decent wage.'"

Excerpt from Bloomberg -- "'Tech is going to be an important part of people’s jobs,' said Vasant Dhar, a professor at New York University’s Stern School of Business. 'People who do things the traditional way -- who don’t look for more efficient ways to do what they were doing or don’t incorporate technology effectively -- those are all going to be disadvantages.'"

Excerpt from The New York Times -- "'One problem for people who choose to be without phones is, as you found, that people expect you to have one, and infrastructure is designed with the knowledge that almost everyone does,' Mr. Alter said. 'You’re borderline forced to carry one for basic utility even if you’d prefer not to.'"

New York University’s Stern School of Business, the first business school to establish a FinTech specialization for MBA students, will host its second annual FinTech Conference, entitled “The Transformative Potential and Regulatory Challenges of FinTech,” on Friday, November 3, 2017. 

On October 19, John E. Herzog (MBA '71), former member of the NYU Stern Board of Overseers, sat down with Professor Melissa Schilling for a discussion of his new book, A Billion to One: The Story of Herzog, Heine, Geduld, Inc. 

Excerpt from Bloomberg -- "Well I think taking over is a little strong, I think robots are definitely making inroads into wall street in a number of areas, but they're not going to take over wall street any time soon. The advantages that robots have is that they can learn from data so wherever you have lots of data available those are the obvious places where robots can make inroads and that is what we have seen happening."

Excerpt from The National -- "Issuing retail digital cash would effectively mean the demise of fractional reserve banking. As Max Raskin and David Yermack noted in a paper for the National Bureau of Economic Research: 'A sovereign digital currency could have profound implications for the banking system, narrowing the relationship between citizens and central banks and removing the need for the public to keep deposits in fractional reserve commercial banks.'"

Excerpt from Investing.com -- "Amazon Prime symbolizes how Amazon plays the long game, an investment that has taken a decade to bear fruit, but one that will be the foundation on which Amazon launches into new businesses. I know that there are many companies that model themselves after Amazon, but unless these 'Amazon Wannabes' can match its narrative consistency and long time horizon, it will remain a one of a kind."

Excerpt from the Stamford Advocate -- "'You’re getting information about what is flowing from one party to another, where that is taking place and how often people transact,' Dhar said. 'That has tremendous value. You can figure out what else you can sell as a service. At the end of the day, the real value is not in the technology; it’s in the data.'"

Excerpt from The Globe and Mail -- "Prof. Favilukis and Stijn Van Nieuwerburgh, a professor at the New York University Stern School of Business, described Vancouver and New York as 'two poster children of the [out-of-town] investor debate' that prompted them to develop their model of investor impact."

Excerpt from CNBC -- "Galloway said companies like Uber — with a valuation of $70 billion according to recent company press releases — would likely be worth much less if subjected to the scrutiny of the public market. The inflation, he said, comes from market dominance. 'I think the algorithm for creating shareholder value in the private markets right now is: Find a great market, put together a great team, have technology at the heart, and establish your position as the perceived leader,' Galloway said."