Experience Stern | News & Events

Excerpt from NPR -- "'The money you put into a hedge fund is not guaranteed at all by anybody, and if you're worried that your hedge fund is going to start losing money, you may start pulling that money out,' White says. While hedge funds and money market funds are usually too small to cause systemic problems for the economy, large bank holding companies are another story: Many of them engage in shadow banking through their less-regulated subsidiaries."

Excerpt from The New York Times -- "Emily Ekins, director of polling at the Cato Institute, and Jonathan Haidt, a professor at New York University’s Stern School of Business, examined the results of a November 2015 You.gov survey of 2,000 respondents and summarized their findings in a smart Vox essay."

NYU Stern's W.R. Berkley Innovation Lab will welcome alumni, angel investors, venture capitalists, entrepreneurs and industry innovators to the 2016 New Venture Showcase.  Attendees will have a chance to meet startups from across NYU who are competing in the $200K Entrepreneurs Challenge.  This year's startups range from software and consumer product ventures to medical device technologies.

Excerpt from Forbes -- "Material ConneXion is a resource worth knowing about, as a potentially important partner in product design, interior design, and creative development processes."

Excerpt from 33 Voices -- "Globalization is pretty exciting. Whenever people think about globalization, they tend to think about the world becoming smaller. That everybody is becoming more similar. Goods are traveling across countries. Goods, not just 'goods' but ideas, people, things flowing across borders that lead to a higher and better understanding amongst people that lead to greater prosperity for people. And even can help lift people out of poverty. And there are a lot of exciting things about globalization. But I think in all the excitement about it, people often overlook how challenging and how difficult it is to conduct business across country borders."

Excerpt from CFA Institute blog -- "I believe a bubble is building in the credit market today. A bubble is defined as unsustainable prices in an asset class. Most fixed-income products’ prices are limited on the upside to par, so bubble in fixed income is defined by default rate. High yield is my vantage point. A bubble is building when [the] default rate goes above [the] historical average. It will burst when a two standard deviation year — i.e., a greater than 10% default rate — happens. It has happened five times since 1990, far higher than the two times implied by a normal distribution."

Excerpt from Quartz -- "'When there’s a group of contractors who say, 'I want a different model' … they’re not asking for the model of full-time employment, they’re asking for the nice things that come with it,' said Arun Sundararajan, a professor at New York University’s Stern School of Business."

Excerpt from Luxury Daily -- "'What Chanel is, in other words, is a well-defined brand,' [Serdari] said. 'This is extremely important, not only in the context of the previous 13 chapters that spoke to individual elements of Chanel’s mythology and heritage, but most importantly in the context of today’s fashion world and the challenges a lot of fashion brands face as they try to preserve their heritage while also move into the future.'"

Excerpt from The Economist -- "I don’t necessarily think that Britain leaving would suddenly lead to a wave. I don’t think it would lead to the end of the EU. Because people will also see how painful it is. And they’ll also see how technically difficult it is to engineer. I think that will scare them."

Excerpt from Fast Company -- "'What matters most, and what all these metrics should try and point to is impact,' Peretti said during a presentation at NYU's Stern Business School. 'Does it have an impact on people's actual lives, are people using the content, is it something that matters to them? We've been thinking a lot about how do we measure impact.'"

Excerpt from The Wall Street Journal -- "With the rise in crime, amplified by the rise of cable TV, we saw much more protective, fearful parenting. Children since the 1980s have been raised very differently—protected as fragile. The key psychological idea, which should be mentioned in everything written about this, is Nassim Taleb’s concept of anti-fragility."

Excerpt from BusinessBecause -- "'The potential appears to be enormous,' says Professor David Yermack, chair of the finance department at NYU’s Stern School of Business, which is putting together a new series of fintech courses, and which ran modules for MBA and executive students focused on the blockchain. 'The fintech curriculum will have to be taught at every business school, because students and employers will demand it,' David says."

Excerpt from Fortune -- "China simply cannot accommodate one of Walmart’s greatest strengths: an ultra-efficient and technologically advanced supply chain. The company did not anticipate that scaling up its business model there would present so many problems. Walmart’s struggles highlight the difficulties inherent in transferring a competitive advantage rooted in supply-chain efficiency—that is, logistics—to a country lacking a sophisticated technological and physical infrastructure."

Excerpt from TopMBA -- "Whelan expressed her belief that sustainability can no longer be relegated to the sidelines as she outlined NYU Stern’s objectives for the center: 'Through new corporate case studies, coursework, research and an ongoing dialogue with the companies that are leading by example, we aim to instill a different mindset in our students.'"

Excerpt from Forbes -- "In The Happiness Hypothesis Dr. Jonathan Haidt introduced the metaphor of the rider and the elephant. The NYU Stern School of Business professor said the human mind is divided into two parts that often conflict: the ‘rational’ or logical side of our brain (the rider) and the emotional side (the elephant). 'Like a rider on the back of an elephant, the conscious, reasoning part of the mind has only limited control of what the elephant does,' Haidt writes."

Excerpt from Bloomberg -- "I think you're going to see a couple dozen companies bid for this. This is a real asset that's been placed in the wrong hands. ... You have the chairman of the company now issuing press releases discussing their strategy and talking about how they've formed a special committee of the board."

Excerpt from AsiaOne -- "My research shows that the world is much less globalised than people think, and that people often blame problems on globalisation when their true root causes are mainly domestic. With regard specifically to materialism, I suspect that people may be confusing globalisation and modernisation."

Excerpt from The Daily Mail -- "Depending on location of the subway and the mobile user, people may be shopping for a slew of different items, largely influenced by their setting. ‘People at a crowded restaurant or stadium may focus on food, companions, or a game, rather than the ads,’ says Ghose."

Excerpt from Bloomberg -- "There are different ways of measuring liquidity (or illiquidity). The most obvious is to calculate the change in price per unit of trade volume. These estimates come in a variety of flavors. The best known, perhaps, is the Illiquidity Ratio, or ILR, devised by Yakov Amihud, a professor at NYU’s Stern School of Business."

Excerpt from Bloomberg -- "There's real value here. I mean, in an environment where one of the most difficult resources to capture is attention, you have an asset that, despite that it's declining fairly rapidly, it still is one of the most trafficked sites in the world. You couple that with tens of billions of dollars sitting on the sidelines from limited partners who want the general partners at private equity funds to put their capital to work. This asset is going to go at, I believe, a higher price than the market is expecting."

On February 19, 2016, the social enterprise student organizations of New York University’s Leonard N. Stern School of Business, School of Law, and Robert F. Wagner Graduate School of Public Service will host the Sixth Annual NYU Social Innovation Symposium (SIS).

Excerpt from Equities.com -- "[Savov] finds that for every 1.00% increase in interest rates, the rate banks pay on a typical savings deposit rises by just 0.34%. So, even a 2.00% increase in rates would translate into a relatively paltry 0.68% bump in what consumers would receive from the bank."

Excerpt from Bloomberg -- "Others, however, see the Silicon Valley move mainly as public relations: Allocating a tiny fraction of deals to the firms costs corporations next to nothing. 'It’s entirely cosmetic,' says Roy Smith, a professor of finance at New York University and a former partner at Goldman Sachs. 'It’s a sign of good behavior.'"

Excerpt from Bloomberg -- "[Google] does one thing and it does it really well. So I'm not going to underplay the fact that it's one of the most incredible cash machines known in corporate history. That said, nothing else that Google's done has added anything to that online advertising pie. So that's what we're going to be watching with Alphabet. Now that they've split out the rest of Google, we'll have to see whether there's any substance left."

Excerpt from Clear Admit -- "'Business schools are the place where the future business leaders learn—and we are at a phase in our global history where we need a new generation of leaders who adopt the idea that their businesses need to contribute value to society, not simply extract and deliver value to shareholders,' Whelan says."