Experience Stern | News & Events

Excerpt from The Huffington Post -- "China did not get to where it is today by allowing natural economic forces to decide the outcome. The reality is much closer to the exact opposite. An industry is targeted, and then the economic forces needed to obtain a dominant position -- including subsidies, special tax rates, exchange rates and technology agreements -- are put in place. This fundamental reality cannot be ignored."

Excerpt from Bloomberg -- "The Monte Paschi deals are part of an expanding family of structured transactions that 'depend on lack of transparency, high transaction costs, differences in financial sophistication and the erosion of fiduciary obligations in a world of caveat emptor,' said Ingo Walter, a finance professor at New York University’s Stern School of Business."

Excerpt from Vogue Italia -- (Translated from Italian using Google Translate) "A study conducted by Professor Hal E. Hershfield, of the New York University Stern School of Business, overturns the theory that the bad feelings would have deleterious effects."

Excerpt from Xinhua -- "'I think the overall idea is a good one that it would allow entrepreneurs to raise capital in a much broader way than previously possible by widely advertising their project,' said Anindya Ghose, a professor at New York University's Stern School of Business. 'In a sluggish economy, this makes a big difference. Direct solicitations through social media and internet definitely raise the scope and scale of crowdfunding,' said Ghose, who is also the co-director of the Center for Business Analytics at NYU Stern."

Excerpt from New Scientist -- "Rather than force firms into old legal frameworks, Arun Sundararajan at New York University's Stern School of Business argues that laws should be tweaked to accommodate them. 'Restaurants, hotels and yellow cabs are the old analogue to the sharing economy, and regulations were needed to keep them running," he says. "In this new digital marketplace some regulations don't fit.'"

Excerpt from Marketplace -- “'Effectively what’s going on here is Amazon is disrupting the entire retail industry,' Galloway says. According to Galloway, eBay is trying to compete with Amazon’s Prime service, which offers free two day shipping to its members. While Amazon is trying to sell more of its customers on Prime where for $79 a year, customers get free shipping. Galloway says Prime is a great deal, for Amazon. 'What Amazon prime really is, is an entry point or membership into the Amazon franchise.'”

Excerpt from Bloomberg TV -- "I don't think there's a lot more than meets the eye...I think they want to migrate people or incent them to go to Amazon Prime which has actually become pretty much a big hit for them, a big win... Supposedly about a third of their operating profit comes from Prime customers and it's taken off -- over ten million of them -- so I think they're trying to move them up to Amazon Prime."

Excerpt from Bloomberg TV -- "Apple had an opportunity to own this market. If they had reduced their margins, they could have made it almost impossible for anyone to come in here and instead they've created a ton of delicious margin that has attracted a ton of great competitors. I think that this was a huge error."

Excerpt from Forbes -- "What’s more, consumers are also more willing to spend lower-denomination bills than bills of higher denomination. That is, our brains find it easy to break $5s, $10s and even $20s but will balk at breaking a $50 or $100. This is because the smaller bills are a psychological equivalent of a petty cash account, and so spending them is much more justifiable."

Excerpt from Fast Company -- "As was predicted, the promotion-primed people were more assertive and better regarded than the folks who reflected on their duties or commutes. But even more startling, Kilduff and Galinsky continued research that showed how those initial interactions set up long-term dynamics."

Excerpt from Forbes -- “'You can look at this as a clear result of the Justice Department delivering on Obama’s charge to bring justice for all the recklessness and bad behavior demonstrated during the crisis,' says NYU finance professor and former Goldman Sachs partner, Roy Smith."

Excerpt from Bloomberg TV -- "First of all, you have to be diversified. You have to put some of your money in the US, some of it abroad: Europe, emerging markets. I would say that gradually long-term interest rates are going to rise, so you might want to be underweight in bonds. I think that a global recovery is going to occur so you might want to be marginally overweight in equities. You probably want to be underweight today in emerging market equities."

Excerpt from Bloomberg TV -- "The conjecture is that she's been offered the successor spot. I think it's actually bigger than that. I think what they've told her is that in the next few years, Apple is going to be the world's dominant luxury fashion brand and they want her to spearhead those efforts. I think this is a big signal of a pivot or a complement in Apple strategy."

Excerpt from The New Yorker -- "What makes Banksy’s subversive stunt so compelling is that it forces us to acknowledge how incoherently humans derive value. How can a person be willing to pay five hundred times more than another for the same art work born in the same artist’s studio?"

Excerpt from Financial Times -- "I think the key lesson that western economies can learn from former third world countries, as they turned themselves around and became today's emerging markets that are driving global growth, is discipline. And discipline does not mean fiscal austerity. Discipline means a sustained commitment to what I like to call pragmatic growth strategy that is both vigilant and flexible and that values what's good for the nation as a whole over what's good for any individual, interest group or person running for political office."

Excerpt from Financial Times -- "His diverse background is one he hopes to instill in the MBA programme at Stern, which is now home to students with very different aspirations. 'There are people who want to run [state] schools and there are people who want to be financiers and everyone in between.' But even those that choose a career in hardcore finance should address issues of social responsibility, he believes. 'If you want to do finance, think of the big opportunities. There is a way of doing well for the world and well for yourself. Business is a force for creating value over a wide spectrum.'"

Excerpt from Financial Times -- "O’Brien, who helps look after the Trium Global EMBA, which is offered jointly by NYU Stern, the London School of Economics and HEC Paris, says: 'London is in the middle – it is in the middle of date and time, and between north and south, east and west. We believe there is a tremendous opportunity to leverage London as a location.' She says Trium has a cohort of 85 students a year from about 40 countries. They attend six modules over 17 months and start and end the programme in London. About half the class are expatriates and living in a different location to the one in which they were born."

Excerpt from Financial Times -- “'The biggest wealth of the programme was the people,' he says. 'Those connections you make are really inestimable.'”

Excerpt from The Wall Street Journal -- "Mr. Gabaix and fellow researchers have developed a theory that predicts, over long periods, how many daily price drops of various magnitudes will occur over long periods. For example, their theory forecasts that a 20% daily drop in the market will occur, on average, once every 100 years, a 15% plunge once every 50 years and a 10% drop once every 13 years. Mr. Gabaix says that the theory has been found to be quite accurate when tested against U.S. stock-market history back to the early part of the last century, as well as against the stock markets of Japan and Hong Kong."

A team of four Stern MBA students won the ninth annual National Energy Finance Challenge on October 18, 2013, in Austin, TX.

Excerpt from The Wall Street Journal -- "New York University professor and valuation expert Aswath Damodaran says that it doesn't make sense that a fund firm would keep Twitter's price constant throughout 2012, even as prices of other social-media companies changed sharply. 'What it effectively means is that the old investors of the fund are going to lose money to the people who are able to buy the fund now at a depressed price,' Mr. Damodaran says. 'It's not fair to existing shareholders if others can exploit dated pricing.'"

Excerpt from NBC News -- “'There are lots of people who are hesitant about posting on Airbnb because of the lack of clarity about what’s legal and what’s not; this will only add to that,' said Arun Sundararajan, a professor at NYU’s Stern School of Business. 'It may also give people who may be coming to the city pause about whether it’s OK or not for them to stay at an Airbnb.'”

Excerpt from CNNMoney -- "Aswath Damodaran, a professor of finance at NYU, thinks Congress's latest deliberations over the debt ceiling didn't change anything for the dollar or U.S. bonds."

On October 18, 2013, NYU Stern's Association of Hispanic and Black Business Students (AHBBS) will host their Inaugural C-Suite Symposium: "Finding Your Passion in Corporate America."

The Advisory Board of the NYU Stern Center for Real Estate Finance Research and Bloomberg invite you to a full-day exploration of four current hot topics in real estate finance.