Experience Stern | News & Events

NYU Stern Leadership Development hosted its first “Leadership in Crisis” simulation for MBA students. Designed to prepare students for managing real-world crises, the full-day event was made possible with support from Alvarez & Marsal, co-founded by Tony Alvarez (MBA ‘76), who serves as the firm’s CEO and is a member of NYU Stern’s Board of Overseers.

Excerpt from the Financial Times -- "In the late 1980s, a couple of finance academics, Menachem Brenner and Dan Galai, introduced the idea of an index that would effectively measure market expectations of how much the stock market might or might not wiggle around — and allow people to hedge against that change."

Excerpt from The Economist -- "The 'biggest bubble in human history comes down crashing,' tweeted Nouriel Roubini, an economist, gleefully."

Excerpt from Luxury Daily --  "The most beneficial aspect of 3D printing is that it forces brands to rethink their production process. Therefore, I would strongly advise anyone who wants to incorporate 3D printing to first study their existing production methods. At which point does the new technology allow for additional creative freedom? That's an added benefit."

Excerpt from The New York Times -- "'There was some gentle ribbing from my colleagues when I began giving talks on Bitcoin,' said David Yermack, a business and law professor at New York University who offered one of the first for-credit courses on the topic back in 2014. 'But within a few months, I was being invited to Basel to talk with central bankers, and the joking from my colleagues stopped after that.'"

Excerpt from the Financial Times -- "Drawing on the lives of Musk, Albert Einstein, Steve Jobs, Benjamin Franklin and many others, Schilling explores what drove them to create multiple breakthroughs and finds that while their intellect is key, this alone did not lead to their serial innovations."

On February 7, the NYU Stern Center for Global Economy and Business will host a fireside chat with Steven Eisman, The Eisman Group, Neuberger Berman. 

NYU students, alumni, faculty and staff gathered at NYU Stern on February 7 for the kickoff of the Third Annual MISSION: APPOSSIBLE, the NYU Mobile App Contest, a collaborative effort between Stern's W. R. Berkley Innovation Labs and Messapps.

Excerpt from Marketplace -- "Floors don’t really have traders. It’s being done in a computer system, in all likelihood in New Jersey. These automated trading models make the world go at speeds we really haven’t seen before."

Excerpt from Bloomberg -- "Entrepreneurs often fear what will happen to their creations once under the constraints of being a public company. Google’s Larry Page and Facebook Inc.’s Mark Zuckerberg each fretted over the risks of public scrutiny and quarterly earnings reports. 'The immediate feedback and daily heartbeat of Wall Street can be too much for a CEO who aims to take risks and experiment,' said John Horton, a professor at New York University’s Stern School of Business."

On February 6, 2018, the NYU Stern Center for Global Economy and Business hosted the Spring 2018 Economic Outlook Forum.

Excerpt from MarketWatch -- "Consider first a study that was published in 2006 by Malcolm Baker, a finance professor at Harvard Business School, and Jeffrey Wurgler, a finance professor at NYU. They devised a number of objective indicators of irrational exuberance that, in backtesting, were highly correlated with bubbles such as the 1929 stock market crash and the bursting of the Internet bubble in early 2000."

Excerpt from the Stamford Advocate -- "Clearly the benefit of the ads can be great. But there is a basic problem of clutter and there being lots of ads. The challenge is getting your message across to the audience."

Excerpt from BBC -- "The beauty of fashion is that it’s conspicuous; everyone knows what you’re wearing, so if you’re wearing a scarce, fashionable product, you get the benefit of knowing privately that you own something scarce, but also the benefit of being able to show other people that you own a scarce product."

Excerpt from the Financial Times -- "[Balanciaga] Creative director Demna Gvasalia and CEO Cédric Charbit have updated the brand’s DNA with contemporary elements of streetwear that make the brand relevant today. Additionally, the luxury house showcases the type of combined leadership (creative and business) that many other brands should follow as they strive to grow in the oversaturated fashion industry."

Excerpt from The Wall Street Journal -- "...from 1928 through 2017, the S&P 500, including dividends, generated an average annual return of 9.65%, compared with 4.88% for 10-year Treasury notes, according to data from Aswath Damodaran, a finance professor at New York University’s Stern School of Business."

Excerpt from The Washington Post -- "'It’s very hard to draw the line between what an engineer has acquired on their own and what is the property of the company and has been embedded in a product,’ [Sundararajan] said. ‘But the spillover of engineers working for one company and going to another after acquiring valuable knowledge is endemic in Silicon Valley and in the tech sector in general.'"

Excerpt from Fashionista -- "The ultimate goal is to save time, especially on routine activities, and focus on experiences that matter more. Additionally, since social media has made everyone’s life more public, people want to be certain that their posts reinforce public perception about their personal style. They will happily invest in kits/bundles that ensure they appear stylish."

Excerpt from CNNMoney -- "Raghubir, the marketing professor, said that if Groupon wants to succeed, it will have to do more than reintroduce a tweaked product to old clients. It will have to repair its reputation. And it'll take more than a clever Super Bowl ad to do that. Customers understand that they can save money with Groupon, she said. But they may have been burned before. It will take time to prove to them that they can trust this version of Groupon."

Excerpt from Bloomberg -- "Nouriel Roubini of Roubini Macro Associates said Bitcoin is the 'biggest bubble in human history' and this 'mother of all bubbles' is finally crashing, in an interview with Tom Keene and Francine Lacqua on Bloomberg Television. Bitcoin dropped below $8,000 Friday, a 60 percent tumble from its peak of $19,511 on Dec. 18. It isn’t just Bitcoin, Roubini added. There are more than 1,300 cryptocurrencies or initial coin offerings, and 'most of them are even worse' than the largest digital token. These constitute a 'a bubble to the power of two or three,' he said."

Excerpt from Biography - "...I think [Steve Jobs] saw possibilities that other people didn't see, which is a characteristic of most great entrepreneurs."

Excerpt from MarketWatch -- "Apple is usually a leader in branding and messaging, but this time it stumbled, said Tom Meyvis, professor of marketing and coordinator of the Ph.D. program in marketing at the Stern School of Business at New York University. Consumers were faced with too many iPhones being released at the same time, and too many variations of the iPhone X, he said. 'Consumers eventually adapt to everything, even continuous improvements,' Meyvis said."

Excerpt from The Huffington Post -- "'A talking fridge that adjusts its energy use to be less intensive and helps you better manage your food so you have less food waste would be extremely useful,' said Whelan of NYU."

Excerpt from The Economist -- "This week’s proposal—for a new asset, sovereign-bond-backed securities (SBBS)—both leaves states responsible for their own debts and encourages banks to diversify sovereign risk. Issuers of SBBS, which could be public- or private-sector entities, would buy euro-area government bonds at market prices, and repackage them. Buyers of SBBS would be paid interest and principal (and be exposed to default) as if they owned the underlying bonds."

Excerpt from Business Insider -- "I think there's a challenge on the business side figuring out how to both be profitable. I'm pro company; I want companies to make a profit. But how to then operate in a globalized environment — globalized world — where we have very weak governments and very powerful companies. And so the idea that government alone is going to protect people from all the things that can go wrong — inequality, mistreatment of workers, etc. — it's not realistic."