Experience Stern | News & Events

Excerpt from the Financial Times -- "'There is no clear pathway I can see for Uber to go from a high-revenue growth company to a profitable company,' says Aswath Damodaran, a professor of finance at the Stern School of Business. 'Normally the story for start-ups is that as revenues grow economies of scale will kick in, but that story is tough to tell with Uber.'"

Excerpt from The Australian -- "[Haidt] is a social psychologist and the professor of ethical leadership at New York University. His groundbreaking work, The Righteous Mind, identifies that all of us build our political outlook on six moral foundations."

Excerpt from MIT Technology Review -- "'Uber could scale back its bet on autonomous cars, and still give a multi-hundred fold return to its early investors,' says Sundararajan."

Excerpt from Bloomberg -- "'The simple, honest truth is, if you’re talking about what the world’s going to be like 10 years from now, it’s hard to know,' he says. 'The best focus for people is to make the transitions as effective and painless as possible as opposed to worrying about what the end point is.'"

Excerpt from Bloomberg View -- "Over the last five years, consumers have been spending more and more time on mobile devices. From 2012-2016, we've come from 10% of our time to nearly 25% on these devices. This is telling companies there is a lot of opportunity for monetization."

Excerpt from Bloomberg -- "I think obviously Trump's election was a signal event, but, that said, companies were starting to sense a more protectionist climate well before Trump's election or even Brexit. I remember Jeff Immelt coming to NYU Stern to do the MBA commencement address in May 2016 and his whole point was the world has turned more protectionistic and therefore, GE was going to localize. So, that's a fairly early but very influential example of how some companies are trying to change their strategy."

Excerpt from Fashionista -- "'[A product drop] doesn't conform to traditional fashion release timing, so it's unpredictable and, therefore, the products seem scarce,' NYU Stern School of Business Associate Professor of Marketing Adam Alter tells Fashionista. 'Scarcity makes them desirable because they aren't available to just anyone — they're only available to people who happen to be tuned in to the product's release.'"

Excerpt from Forbes -- "'It’s not so much about teaching Geopolitics 101, but instead teaching students how to use this knowledge to understand and anticipate global trends, which can be tricky,' says Dr Robert Faulkner, Academic Dean of the TRIUM Executive Global MBA program, at the London School of Economics. The program was launched at the turn of the millennium and, over the past 16 years has coached senior executives through a series of dramatic global changes. Offered through a partnership of some of the world’s leading education institutions – the New York University Stern School of Business, and HEC Paris make up the trio – TRIUM was the first Executive MBA of its kind, and was built with social political analysis at its core."

Excerpt from CNBC -- "... we hope there's some progress here. The fact that America attracts the brightest and hardest-working people in the world is one of the secret ingredients of our success, so I hope the president is listening. ... The men and women in that room are in an impossible position. You want to engage, you want to be seen as contributing to the dialogue, but the bottom line is, anyone who enters a photo shoot with Donald Trump usually leaves with less credibility... "

Excerpt from POTUS 2017 with Brian Lehrer -- "We think that the Volcker Rule basically was a mistake -- that any of the pieces of the Volcker Rule that you look at -- proprietary trading, investing in hedge funds, investing in private equity -- was not the cause of the financial crisis in 2008. It was a solution in search of a problem. Further, the implementation -- the tens of thousands of pages of comments, thousands of pages of regulation -- it's extremely complex. It is hitting small banks who have to still justify actions that are never going to be a serious problem here."

Excerpt from the San Francisco Chronicle -- "Despite Uber’s massive growth in cities served (662), drivers recruited (1.5 million) and fares charged ($20 billion in 2016), Uber has yet to see such rapid improvement in its profits per ride, said New York University business Professor Aswath Damodaran. Classic tech companies enjoy economies of scale, meaning that though they may lose money when they’re smaller, their profits mushroom as they grow. (See Facebook or Amazon.) Uber has yet to do that."

Excerpt from Bloomberg View -- "In an influential 2014 paper, Thomas Philippon speculated that financial industry profits and salaries rose spectacularly since 1980 because banks, securities firms and fund-management companies found new methods for extracting rent."

Excerpt from Global Public Investor -- "Populist rhetoric must not be allowed to lead to actions that could jeopardise the Fed’s independence. Recent US leaders have, for the most part, been supportive of the Fed. Before selecting Ben Bernanke as Fed chair, George W Bush said, ‘It’s this independence of the Fed that gives people not only here in America, but the world, confidence.’ We must hope that Trump is guided by the same spirit of responsibility."

Excerpt from the World Trademark Review -- “The research … casts serious doubt on the validity of the best evidence we have that trademark dilution actually exists. What has been reported as (and assumed to be) evidence of trademark dilution may actually be merely the result of nothing more than the subjects being surprised by seeing ads such as those for MERCEDES and INFINITI toothpaste employed in our studies. We are forced to reconsider the question the title of this paper: is dilution a unicorn?”

Excerpt from The Wall Street Journal -- "Menachem Brenner, a finance professor at New York University, and Dan Galai of the Hebrew University of Jerusalem called their version 'Sigma' and say they pitched it to various exchanges years before the Chicago Board Options Exchange rolled out its volatility index in 1993."

Excerpt from Bloomberg -- "I think this is a game-changer. You're going to have Amazon in the wealthiest, most affluent households, not once every other week but twice a week now. This threatens not only retailers, but it potentially disrupts CPG companies who Amazon is conspiring with half a billion consumers and fanatical investors to give it almost infinitely cheap capital to starch the margin from brands on behalf of consumers. And then you talk about potential disruption in the media market as shopper and in-store marketing gets challenged by what Amazon's going to do with their technology to let people bid on in-store marketing. ... I believe this is going to make Facebook's acquisition of Instagram the second-best acquisition of the decade, and this will be number one."

Excerpt from Bloomberg -- "'It’s quite possible that after a while you just realize it’s not worth the cost of tooling up to take it and you decide to drop it if the publicity has run its course,' said David Yermack, a professor at New York University Stern School of Business who studies bitcoin."

Excerpt from the Associated Press -- "But the $15 million-a-year Human Project is breaking ground with the scope of individual data it plans to collect simultaneously, says Dr. Vasant Dhar, editor-in-chief of the journal Big Data, which published a 2015 paper about the project. 'It is very ambitious,' the NYU information systems professor says."

Excerpt from the Economic Times -- "Experts suggest that both furniture upstarts may have to work hard to compete with the likes of Ikea. 'Innovative and savvy retailers like Ikea are combining customer identification and analytical capabilities of data from internet retailing with the time-tested advantages of face-to-face retailing,' says Anindya Ghose, Heinz Riehl chair professor of business at New York University’s Stern School of Business."

Excerpt from the Financial Times -- "'Aramco is part oil and gas company, part government welfare fund, part sovereign investment fund,' says Aswath Damodaran, a professor at New York University. 'At the same time it’s a symbol of Saudi Arabia to the world. It’s all of these things. How much can you truly separate these functions?'"

Excerpt from The Wall Street Journal -- "I’ve seen platforms, like Catalant for management consultants, UpCounsel for legal services, Gigster for high-end machine-learning programming. There are platforms for accounting, for sales—where rather than going to a large branded service provider for certain things, you go to a platform instead. Like, if you struck out on your own as a lawyer now you’d be precluded from a lot of large corporate work because they go to the big firms. What these platforms are doing is trying to strike that middle ground where the individual is running their own tiny business through the platform, but the platform is aggregating demand, giving them scale, giving them a little bit of brand."
 

Excerpt from the Financial Times -- "For Menachem Brenner, co-academic director of the programme, the crisis sharpened his ambitions for the programme. He had been teaching on the course but became its director just as the crisis erupted. 'It had so many lessons for us worldwide,' he says. 'And one of the things I saw as a mission was to bring into the programme those lessons drawn from the crisis.'"

Excerpt from CGTN -- "I think that many of the business models are quite solid because of so much excitement around the sharing economy, especially in China. My book came in out in China a couple of months ago and I think it sold way more in China than it did in the United States already. But because of the excitement, there's going to be over-investment, so there are bound to be some high-profile failures over the next few years. But, fundamentally, we are looking at a multi-trillion-dollar sector of the economy in the years to come, as many of these business models, like Didi Chuxing's business model, become the dominant way of organizing economic activity and getting the services in the coming years."

Excerpt from Bloomberg -- "'The bottom line is that, although default was averted, no measures were taken that would create a path leading Greece to financial markets,' said Nicholas Economides, professor of economics at the Stern School of Business, New York University. 'At present, a fourth loan agreement in 2018 seems likely.'"

Excerpt from The Washington Post -- "By coming under the Amazon umbrella, Whole Foods may develop new methods for distributing food that could also allow it to reach more customers, Eggers says. A strategy that lowers the prices on its high quality organic products could help it win more market share away from competitors, Eggers says. It could also put pressure on other stores to lower their prices as well, he says."