Experience Stern | News & Events

Excerpt from Bloomberg -- "Well, we follow this in a high frequency way. We have a way of doing our own little stress test that we do for about a thousand banks around the world every week. So we can follow what's happening--how's the capital adequacy look for these banks? And actually you can see it on the Internet on V-Lab. So what do we see? What we're seeing is that Europe has improved its balance sheets moderately. It's particularly true in Germany and Italy. But France and UK have stayed pretty flat, and we're not seeing much improvement there."

Excerpt from Medium -- "You have to see politics as occurring at multiple levels simultaneously. Just as at a university we’ve got psychologists studying individual experiences, we’ve got neurologists studying neurons, we’ve got political scientists and sociologists studying emergent phenomena, that’s what you have to do to study politics. If you look at the history, if you look at the higher‑level constructs, yeah, it’s bizarre what’s happening. It’s unprecedented, and people expected the past to predict the future. But what if the emerging social constructs of the Republican Party have been getting progressively out of tune with the moral intuitions and the psychology of the voters? I think that’s what we have seen happening."

Excerpt from Marketplace -- "'Smartphone gaming doesn’t make nearly as much profit margin,' said Melissa Schilling, a professor of management and organizations at NYU’s Stern School of Business who focuses on technology strategy. 'It doesn’t mean that Sony can’t be successful in this market, but it’s going to have to work a lot harder at it.'"

Except from The Guardian -- "'GMOs is not a topic front and center for the consumer to begin with, in spite of the lobbying,' said Taparia. 'The fact it’s happening across so many brands at the same time, it’s probably going to take the wind out of the sails of the non-GMO movement.'"

Excerpt from Bloomberg -- "I think Wall Street's so used to companies feeding analysts performer numbers, Pro Forma EBITDAs. 'Trust us. We're going to add this stuff back. Whether it is restructuring expenses, stock-based compensation, it's going to go away.' And analysts take companies at their word. Companies are going to keep feeding them numbers and Valeant in a sense has taken advantage of that. So when analysts complain about being taken to the cleaners, my response to them is you got what you deserved. Because I think they did exactly what analysts wanted them to do for a while and now it's blowing up in their faces." 

Excerpt from Bloomberg -- "Like the taxicab industry before it, the ride-hailing business can lend itself to guerrilla tactics... 'You put all these together, and the street fighting isn't hugely surprising,' said Arun Sundararajan, a professor at New York University's business school."

Excerpt from TIME -- "Polls are close but swinging toward exit. The danger is that with the public divided, the passion of the anti-Europe side will carry the day. The cold economic logic favoring remaining in the union won’t do much to excite voters who are seeing constant headlines about how Europe is falling apart. Prime Minister David Cameron has acknowledged as much, saying this month that his biggest concern was low voter turnout for the 'in' campaign."

Excerpt from Forbes -- "Accelerators serve an important need for startups that may have great, viable ideas but lack the diversity of expertise to pull them off and maximize their potential. Accelerators serve important roles for existing companies, infusing them with new perspectives, an entrepreneurial spirit and providing cutting-edge learning through mutual problem solving."

Excerpt from ValueWalk -- "Most mathematical articles in peer reviewed academic finance journals suffer from lack of model specificity, failing either to properly define terms or to specify exactly what they are trying to prove, or drawing conclusions in ordinary language that aren’t warranted by the mathematics. In these respects, they resemble more what economist Paul Romer has called mathiness than real mathematics." 

Excerpt from BusinessBecuase -- "'The potential appears to be enormous. Most of the large banks and other financial record-keeping institutions are looking closely at the technology,' says David Yermack, chair of NYU Stern’s finance department. 'It may turn out to be as important as the advent of double-entry bookkeeping in the Renaissance.'"

Excerpt from Project Syndicate -- "Over the last 35 years, Western democracies have seen a rapid rise in political instability, characterized by frequent shifts in governing parties and their programs and philosophies, driven at least partly by economic transformation and hardship. The question now is how to improve economic performance at a time when political instability is impeding effective policymaking."

Excerpt from Marketplace -- "[Alter] said plenty of people want to leave reviews, 'especially if they're really really happy or really really unhappy.' Alter said companies use this feedback in different ways. 'So some will just use the numbers as a threshold just to help them make very broad personnel decisions,' Alter said 'Others might even tie compensation to the numbers.'"

Excerpt from MarketWatch -- "I think that, in Europe particularly, and increasingly now in China and probably other emerging markets, that the bank system is a lot weaker than people would like to feel it is and we should be concerned about that because we haven’t made the fundamental reforms to banking that I think are necessary to mean that we are immune from bank runs. And a loss of confidence in the banking system in another part of the world will impact back on us. One of the things I do feel is that people in the United States often do not give sufficient weight to the impact of what’s happening in the rest of the world. It feeds back on the U.S."

Excerpt from Fortune -- "Such regulations level the playing field of competition between the cable company and the streaming services. The big beneficiaries are the consumers who will end up paying only for what they watch, and paying much less. Expect millions to cut the cable cord. And innovation will finally reach the cable TV world." 

Excerpt from BusinessBecause -- "Applications to these programs have surged. Stijn Van Nieuwerburgh, director of NYU Stern’s Center for Real Estate Finance Research, says: 'The tangibility of real estate assets differentiates it from finance in a way that many students find very attractive.'"

Excerpt from WPIX -- "This is just the beginning, as an economist at the NYU Stern School of Business pointed out. 'They've got a lot of catching up to do,' Lawrence White said about Cuba's economy in an interview with PIX11 News. '[Cuba will] achieve bigger gains. [But] to the extent that Americans want to spend leisure time' in Cuba, and in other ways that Americans want to take advantage of their neighbor to the south, 'It's not a zero sum game, that's for sure,' White said."

Excerpt from The Wall Street Journal -- "Under current accounting rules, U.S. companies don’t record those items on their books as assets. 'It’s 19th-century accounting,' said Baruch Lev, an accounting and finance professor at New York University’s Stern School of Business. The absence of abstractions like brand value on corporate balance sheets prevents investors from properly gauging their risks, said Mr. Lev. 'It’s an incredibly important issue,” he said. “Investment in intangibles is almost completely obscured from investors.'"

Excerpt from BBC News -- "'[Mr Ackman] has put his credibility on the line and it could make or break him,' Aswath Damodaran a professor of finance at New York University, told the BBC. 'The markets are going to decide [Valeant's] value- his words could initially stem the problem, but they don't mean as much now,' said Mr Damodaran."

Excerpt from Bloomberg -- "'Five years from now, if there is not enough structural reform, if eventually the fiscal problems are not resolved, you are going to run out of monetary policy bullets,' Roubini said. 'The right thing can be done and therefore there will be light at the end of the tunnel for Japan. So I would not give up on Japan.'"

Excerpt from Foreign Affairs -- "... lots of people look at say the Chinese stock market, specially given the huge run up and then the meltdown that's happened over the last year-and-a-half. Now, what's interesting is that between 1990 and 2013, Chinese stock prices were essentially flat while the country was growing rapidly. So this is a little bit of a reminder that we still have very different economic systems, and that stock prices are way less informative in countries like China, where pretty much all stocks tend to move up or down on a given day, than they tend to be in countries with well functioning capital markets, like the United States."

Excerpt from HK TV -- "Well, certainly for China, our national pride. There's certainly pride in having national champions out there operating on a global basis. This is something that provides economic pride. Something that folks in the Chinese economy can look at and say, 'Hey, wow, look, we're a player on the global stage now. We have companies that are operating all throughout the globe." 

Excerpt from Big Data -- "Google CEO Eric Schmidt gave the opening talk, listing the recent advancements in AI that have enabled capabilities for solving previously intractable problems. He stressed that AI should forge a future that benefits 'the many' instead of 'the few.' Challenges in water purification, synthetic food production, logistics of distribution, and optimal management of supply/demand of energy are some of the areas where our ability to leverage natural flows of data governs our ability to meet our collective needs."

Excerpt from Christian Science Monitor -- "The 2011 film 'The Adjustment Bureau,' which combined aspects of a thriller and a romance, was marketed using separate trailers aimed at women and at men, write Al Lieberman and Patricia Esgate in their 2011 book 'The Definitive Guide to Entertainment Marketing.' 'The trailers were accurate in their use of footage from the film but simply focused on the action and drama for the male audience and made the romantic scenes more prominent and expansive for the female audience,' they write. 'Neither audience was disappointed because both were satisfied by the story, content, and elements each was seeking.'"

Excerpt from Bloomberg -- "I think they're really trying to squeeze this turnip as hard as they can, right? Little too big, little too small. But this is basically the iPhone 5 with updated components, and a lot of people like the small phone. So it makes a lot of sense. It's evolutionary, not revolutionary. But they'll get incremental profits and margins because this is arguably the first tech product in history that its margins have expanded as it's matured. People still love the iPhone."

Excerpt from WIRED -- "'The attitude is if you violate my values, you won’t get to speak,' says Jonathan Haidt, a social psychologist at the New York University Stern School of Business. In fact, Trump has blamed supporters of Democratic presidential candidate Bernie Sanders and the liberal group MoveOn for trouble at the rallies. 'Of course they hate Trump and what he stands for,' Haidt says. 'But what gives them the right to disrupt, interrupt and shut down a political event? If they do that at a Trump rally, are they surprised that people will try to hit them?'"