Experience Stern | News & Events

Excerpt from Fortune -- "People who have made fortunes on Wall Street or spent their careers studying investing have tended to be skeptical of Bitcoin. Billionaire Warren Buffett scorned it as 'rat poison squared.' J.P. Morgan CEO Jamie Dimon advised Bitcoin investors to 'just beware.' Economist Nouriel Roubini called it the 'biggest bubble in human history.'"

Excerpt from Yahoo Finance -- “'GE brought electricity to Americans, brought appliances to kitchens.. it’s left its imprint, it’s accomplished much of what it sent out to accomplish,' said Aswath Damodaran, finance professor at New York University."

Excerpt from Fox Business -- "'Every time you peel back the onion here, every time you ask more questions, you find out that it was worse than originally reported.'"

Excerpt from HousingWire -- "Altman states that as the amount of debt leverage has increased in the global economy there has been a compression of credit ratings: 'How many 'AAA' rated companies in the US? Two. Johnson & Johnson and Microsoft. Two left. Why is it that there are not more 'AAA' rated companies? Leverage.'”

Excerpt from Bloomberg Next -- "'Employees need to have the skills to work with different stakeholders both internally and externally,' said Tensie Whelan, director of the Center for Sustainable Business at New York University’s Stern School of Business." 

Excerpt from InTheBlack-- "The earnings don’t measure changes of values as they used to. To focus on earnings as many financial analysts are still doing, with all the spreadsheets that they have, which are basically aimed at predicting future earnings, is just a futile exercise.' Baruch Lev, Stern School of Business"

Excerpt from Bloomberg -- "'Large trades are not impacting prices,' said Abrantes-Metz, the NYU professor and an expert on manipulation who has testified about rigging of the globally used Libor interest-rate benchmark, among many other cases. 'I’ve looked through lots and lots of data, and I don’t think this is real,' she said, referring to the trading on Kraken."

Excerpt from The Real Deal -- "'It appears they didn’t observe the standards a conventional lender would apply,' said Gary Friedland, a scholar-in-residence at NYU Stern who analyzed the case in a December report for the school’s Center for Real Estate Finance Research." 

Excerpt from Bloomberg -- "The foreign-exchange markets still present particular challenges, according to Vasant Dhar, a data-science professor at New York University and founder of SCT Capital Management, a hedge fund that’s relied on machine-learning applications for two decades. The complexity and variety of the macroeconomic factors that can sway any given currency relative to another can make FX markets distinctly challenging to analyze versus stocks or bonds."

Excerpt from The Times -- "I mean, watching GE is like watching the Bataan Death March, right? I mean, every company has a story. And at this point, GE's story is that of, you know, decline. And the end is coming. You can see it."

Excerpt from Salon -- "Recessions tend to start after the Fed fights rising inflation by increasing interest rates. Interest rates are abnormally low now, so I see the Fed moving to normalize them at a faster pace in 2018. That could dim the economic outlook for 2019. ... [The Federal Reserve Open Markets Committee will raise its target rate in 2018] three times, and 2.25 percent."

Excerpt from the Virginian Pilot -- “'It’s not a failure if they pull out,' Professor Thomaï Serdari said. 'If Nordstrom knows where their customer is, why would it be a failure for them to leave that particular location and go somewhere else where the customer is waiting for them?'”

Excerpt from China Daily -- "Professor Michela Giorcelli from the University of California, Los Angeles, and Professor Petra Moser from New York University - both in the United States - have studied the effects of copyrights on the output of new operas in Italy around the year 1800. They have found that the introduction of a basic level of copyright protection for the creation of operas, where it had previously been absent, increased both quality and quantity of opera output."

Excerpt from CNBC -- "'Associating yourself with the Amazon brand, even if you are one of several hundred delivery companies, is extremely powerful,' Ghose explains. If you start your own low-cost small business on your own, 'then, it's just your brand. And it's going to take forever for anybody to establish their own brand. I think that, for me, is the biggest difference.'"

Excerpt from Inc. -- "'Conservative justices have been good for business, and if there's another conservative justice, that will only increase the likelihood of pro-business decisions next term,' says Ari Ginsberg, a professor of entrepreneurship and management at New York University's Stern School of Business, who follows the judiciary and its impact on startups." 

Excerpt from Ethnews -- "'I've looked through lots and lots of data, and I don't think this is real,' said Rosa Abrantes-Metz, a professor at New York University's Stern School of Business and an expert on manipulation."
 

Excerpt from Luxury Daily -- “'Why is WeWork’s recent move noteworthy and what can other businesses learn from it? Because it is imperative for businesses to realize early-on that its head designer is the one with the ability to cull talent who would otherwise be unknown to business executives and to capitalize on their fresh ideas that stem from local culture and reinforce a sense of place."

Excerpt from Xinhua -- "'To say that trade deficits are bad, is not the entire story," Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview. Looking at trade deficits, the Trump administration says the United States is 'getting beat on trade or the U.S. is losing -- that's not always entirely clear,' said Salomon."

Excerpt from Poets & Quants-- "'By teaching us to avoid leading questions, learn to observe, and listen to customers, it highlighted the importance of bringing in a true customer perspective when making product and business decisions'.- Mahum Yunus 'Professor Marciano taught us how to approach problems and how to form data based solutions that are realistic and defensible. Additionally, she has extreme mastery of business strategy in a way that can only be described as being a savant or virtuoso. Listening to her lectures always makes you feel like you are getting the full value from your tuition.' - Frank Varrichio"

Excerpt from Inc. -- "The approach Schilling takes with Quirky is a variant of the case study method — instead of companies, the cases here are the lives of great inventors. She examines their lives to uncover the common personality traits and 'foibles' that helped them see what others did not. Schilling argues that serial breakthrough innovators are different from the rest of us because they’re able to come up with groundbreaking innovations over and over again, rather than just once. And their innovations represent dramatic leaps, rather than incremental improvements."

Excerpt from BizEd Magazine -- "Is turbulence in the world market a sign that companies should abandon their globalization strategies in favor of more localized agendas? No, says Pankaj Ghemawat of New York University and IESE. In fact, companies and countries suffer from 'the yo-yo effect' when they switch too radically from global to local business approaches, as Coca-Cola disastrously demonstrated over a period of 30 or so years."

Excerpt from Business Insider -- "On average, it takes six seconds to check a typical email after it arrives in an inbox, Adam Alter, a New York University professor, previously told Business Insider. But, he continued: 'If you check an email, it's going to take you 25 minutes to get back into that state of productivity you were in before you checked your email.'"

Excerpt from South China Morning Post -- "On the other hand, the government has displayed a proposal for foreign workers to be proficient in the Bahasa Indonesia language, while tightening visa restrictions and price controls. Indonesia ranks 108 out of 140 countries measured on the DHL Global Connectedness Index, scoring low on human connectedness in particular: its rate of migrants, tourists and international students flowing both inwards and outwards is relatively low."

Excerpt from Business News Daily -- "'The toughest thing to price in is just the market uncertainty and those effects,' Foudy said. 'The stock market is jittery, but there's so much uncertainty about what [the] U.S. and others will impose. We see them move nervously but toward no particular outcome. It is slowing down business investment; uncertainty does that ... businesses need to know what's happening or they just put things on hold.'

Excerpt from Bloomberg -- "'There are strong social norms right now around committing to these kinds of goals,' said Dolly Chugh, an associate professor of management and organization at the NYU Stern School of Business. She has studied how public pressure changes diversity behavior. 'If you’re among the minority of CEOs who isn’t signing the pledge or promise, you’re violating a norm and norm violations make people very uncomfortable.'"