Experience Stern | News & Events

Excerpt from The Washington Post -- "'I think central banks have to be very careful not to overreach,' said Peter Blair Henry, dean of New York University’s Stern School of Business. 'Central banks are really very limited.'"

Excerpt from the Financial Times -- "We expect so much from our central bankers because monetary policies has really run, in many ways, its course. Monetary policy has been really competent and needs to continue to be competent. But it's too much to think that monetary policy can fight a liftoff in growth at this point and time. That really has to come from real side reforms that our lawmakers, both here in the United States and abroad, need to do."

Excerpt from the Financial Times -- "If ValueAct gets traction, other management teams should stand ready to defend themselves, [Prof. Roy Smith] says. He adds that for too long the entire US banking sector has been 'adrift', failing to address one fundamental question. 'If you’re in a business where your cost of capital is greater than your return, someone should ask you, 'why is this a viable business?'"

Excerpt from The New York Times -- "When interest rates are lower, earnings are worth more and share prices tend to rise, said Aswath Damodaran, a finance professor at New York University, who has explained this truth in elaborate formulas, many of which he posts on his website. But the simplest way of looking at it, he says, and the most important for an investor, is to consider how interest rates affect the value of a stock and a bond. 'Low rates have had a big effect on the stock market,' he said. 'Stock is much, much cheaper than bonds at today’s interest rates.'"

Excerpt from the Financial Times -- "Peter Henry, the dean of New York University’s Stern School of Business, says central bankers still have the tools to provide a floor under the economy, but cannot provide a springboard for growth in the absence of action by lawmakers in areas such as immigration, trade and fiscal reform. 'Negative real rates have not yet spurred a recovery in investment. So one has to ask the question is there something else standing in the way,' the economist says."

Excerpt from The Wall Street Journal -- "Mr. Damodaran, who likes to be provocative, says with rates this low, traditional valuation metrics are distorted. Instead, the inability of companies to keep paying off their investors will cause the next downturn. 'This is the weakest link in this market,' Mr. Damodaran said in an interview. 'We know cash flows will go down. What we don’t know is what the market is pricing in.'"

Excerpt from The New York Times -- "Peter Blair Henry, the dean of the Stern School of Business at New York University, asked a panel of central bankers whether they were doing enough to explain the limits of their own powers, to focus the public on the importance of fiscal policy."

Excerpt from Bloomberg TV -- "I think there's a strong view that monetary policy has done most of what it can on its own to really generate a recovery. Monetary policy has been really competent. I think there's a strong sense that we are awaiting for the fiscal side of the house, if you will, and for lawmakers to really step up and do what must be done."

Excerpt from Bloomberg -- "We've got a yield curve that's flat. So the banks can't make money from the spread. And then you have an economy that's not boomed, right? We've had a pick up in lending, but nothing like the lending pick up you naturally would expect in a recovery economy. You've got fintech, which is coming and eating their lunch, certainly looked like it was eating their lunch in certain sectors of a loan market, and you've got new players coming along looking for money transfer, which is another source of profitability on the banks. Regulatory trusts are going up. You can't spend money on new technology. So you have all these things that are hurting the banks here. On the other hand, let's recognize that the banking system will survive. It's just going to be generating returns that are really low."

Excerpt from Clear Admit -- "#SternLAUNCH is in full swing! MBA1s Keshav, Evan and Melinda meet Dean @PeterBlairHenry

— NYU Stern (@NYUStern) August 24, 2016"

Excerpt from The Washington Post -- "What are the implications of the so-called sharing economy, brought on by such companies as Uber, Lyft and Airbnb? That’s what author Arun Sundararajan, a professor at New York University, aims to answer with his new book, 'The Sharing Economy.' In the book, which he’ll discuss on Tuesday at Busboys and Poets, Sundararajan considers what the future could look like if sharing becomes an even bigger economic force."

Excerpt from Bloomberg -- "'Adding more density to the cities won't work anymore,' says Alain Bertaud, a senior research scholar at New York University who has consulted in China for decades. The problem, he says, is that those cities are increasingly fragmented."

Excerpt from Bloomberg -- "'You won't find too many technology companies that could lose this much money, this quickly,' said Aswath Damodaran, a business professor at New York University who has written skeptically of Uber's astronomical valuation on his blog. 'For a private business to raise as much capital as Uber has been able to is unprecedented.'"

Excerpt from The Detroit News -- "'Amazon is the great white shark of retail and its appetite is not that discerning — it will eat anything,' said Scott Galloway, professor of marketing at New York University’s Stern School of Business. 'I think they’ll go after every large consumer category. It’s not if, it’s when.'"

Excerpt from El Pais -- "Professor Robert Salomon, NYU Stern School of Business has recently published a book called Global Vision: How Companies Can Overcome the Pitfalls of Globalization. The book discusses the reasons why companies still have difficulty in foreign markets..."

Excerpt from China Radio International -- "I actually think there's quite a lot to be gained on both sides. Clearly from the ChemChina perspective, this is about technology, specifically about biotechnology. So Syngenta is a very prominent agricultural, agribusiness concern, specializing in seeds and agricultural chemicals, and obviously, there's a big push in China to increase food production, and I think Syngenta has some of the technology that will help with that goal of increasing food production."

Excerpt from Clear Admit -- "Technology executive David Ko (BS ’93) and his wife Jennifer Ko have donated $1 million to establish the NYU Stern Venture Fellows Program. Incoming MBA students can apply this fall for a spot in the program, which will begin in summer 2017 and provide financial support, mentorship, workshops and access to New York City and Silicon Valley tech companies."

New York University Stern School of Business announced the establishment of The NYU Stern Venture Fellows Program with $1 million from technology executive and alumnus David Ko (BS ’93) and his wife Jennifer Ko. With this generous gift, Stern MBAs will have the opportunity to apply to this new immersion program in lieu of a traditional summer internship and benefit from financial support, mentorship, workshops and access to NYC and Silicon Valley tech companies.

Excerpt from CNBC -- "'If you avoid companies just because of cash burn, you're taking big segments of the market out of your portfolio,' Damodaran said in an interview with CNBC's 'Closing Bell.'"

Excerpt from Xinhua -- "'The customers are very very different,' says Salomon. 'They have different cultural tastes and preferences, and the way to consume the products, the products they want are not the same with the products western consumers want.'"

Excerpt from The Atlantic -- "...separating investment and commercial banking would not have prevented the financial crisis, and its re-imposition will not prevent the next one. ... Unfortunately, since the removal of the Glass-Steagall restrictions in 1999 had no connection to the financial crisis of 2008—all of the "bad actors" of the 2008 crisis could have done all of the same things even if Glass-Steagall had been in place—the whole notion of a revival of Glass-Steagall is misguided."

Excerpt from The Wall Street Journal -- "Stifling short-term rentals isn’t always in a city’s best economic interest, said Arun Sundararajan, a New York University professor of information, operations and management sciences. If cities crack down too hard on Airbnb, they run the risk of losing out to other tourism destinations with a more robust supply of rooms for rent. 'If a city is deeply dependent on tourism, there’s a huge expansion that can come from being a city who has a huge number of affordable and interesting Airbnb listings,' he said."

Excerpt from Marketplace -- "I'm assuming that we've solved the engineering side of this problem. I'm assuming that. The major challenges now are just dealing with reality. And in fact, one of the objectives of this is to see the kinds of situations where vehicles trip up. In machine learning, this is a big area of research called "adversarial learning" where... you throw an adversary into the mix that just tries to fool you."

Excerpt from Medical Daily -- "According to the research, people who believed they were high-status individuals were less charitable to others, but only when they felt completely deserving of their status. On the other hand, high status individuals who were humble about their powerful place were more generous than expected."

This course aims to bridge the gap by instilling in executives a general intuition for data-driven decision making and equipping leaders with the tools and techniques necessary to analyze large databases and use effective data visualization to gauge key metrics.