Experience Stern | News & Events

Excerpt from Entrepreneur -- “'Convertible debt at this later stage sends a signal that [Foursquare’s] business model is still not proven enough, and they still need to work on it and significantly ratchet it up,' says Ari Ginsberg, professor of Entrepreneurship and Management at New York University's Stern School of Business. But he noted that this may have been Foursquare’s best option at the time -- else it fork over a greater percentage of the company's equity due to a potentially reduced valuation. 'It would have been far worse to have to bite the bullet of valuation," adds Ginsberg. 'If they landed at a lower valuation they would have done far more damage.'"

Excerpt from Business Standard -- "The main recent constraints on growth I think are policies that caused a temporary loss of investor confidence, now being reversed, public sector investment levels, and inflexibility in labor markets that get in the way of structural change in the economy and especially in the expansion of the tradable side of the economy. The Indian economy with some important growth drivers in the tradable sector is still not exploiting it to the full. This by the way, is not unique to India."

Excerpt from Bloomberg TV -- "We talked about [Alan] Mulally being the favorite candidate [for CEO] because he's a turnaround guy. But the question here is, is Microsoft really a turnaround? They missed the three biggest innovations. They missed social, they missed mobile and they missed search. But meanwhile... revenue is up fourfold and profit's up double. Is this really a turnaround or is it a company that needs better vision and more innovation?"

Excerpt from CNET -- "Arun Sundararajan, a professor at New York University's Stern School of Business, said all peer-to-peer companies are challenged with making people relate to these new services."

Excerpt from Mobile Marketer -- “'Mobile ads often get a bad flack,' said Anindya Ghose, professor at NYU Stern School of Business, New York. 'Every now and then you’ll hear that mobile ads don’t work. 'Oftentimes we’re missing the fact that mobile ads can lead to clicks on mobile devices but the final conversion might happen on PC,' he said. 'There are these spillovers that are important for us to quantify. If you only look at attribution through one channel you don’t get the whole story.'"

Excerpt from Crain's New York -- "'[Hearst] is sort of the General Electric of the media business,' said Scott Galloway, a professor of marketing at the NYU Stern School of Business. 'They produce, recruit and support very competent managers.'"

Excerpt from Los Angeles Times -- "The tech industry may not be in another bubble, said Aswath Damodaran, professor of finance at the Stern School of Business at New York University, referring to the rapid rise and fall of Internet companies in the late 1990s and early 2000s. But these paper valuations are a 'form of delusion,' he said."

Excerpt from The Wall Street Journal -- "One implication of their research is that it is important not to rely on our memories when comparing different periods' sentiment levels. Not only are our memories short, we also tend to rewrite history to make the past appear different than it really was. If you are basing your investment strategy on swings in investors' mood between bearish and bullish extremes, it pays to rely on objective measures and a long-term perspective. Messrs. Wurgler and Baker developed five indicators that were well correlated with periods of speculative excess over the past 50 years. None of them currently is detecting the levels of exuberance that prevailed at the top of the Internet bubble."

Excerpt from USA Today -- "'There's no policeman, really,' said Marti Subrahmanyam, a finance and economics professor at New York University's Stern School of Business. 'These things have sort of fallen through the cracks. Foreign exchange is really nobody's kind of baby.'"

Excerpt from The New Yorker -- "Why do investors, many of whom painstakingly dissect reams of data to understand companies’ finances, also base their decisions in part on a stock’s ticker symbol? The answer is that reading pronounceable ticker symbols is slightly less mentally taxing; people generally prefer objects and events that are more 'cognitively fluent,' or easier to process."

Excerpt from CNBC -- "'Investors need to be asking themselves, can all these companies coexist at the same time and make as much money as they are making now?' Damodaran said. 'There will be winners and losers. It could be Twitter, Facebook, Google or someone we haven't heard of yet.'"

Excerpt from Bloomberg -- “'The mandate is just a mistake,' Lawrence White, a professor at New York University’s Leonard N. Stern School of Business, who has testified before Congress on ratings companies, said in a telephone interview. 'It generates a check-the-box-type process, which can lead to major mistakes and unfortunately that’s what happened' in the last crisis."

Excerpt from Yahoo News -- "Nominated for the 2013 Thinkers50 Global Solutions Award for his Global Connectedness Index, Ghemawat (11) is based at New York's Stern school and IESE Business School in Spain. Prior to that he was the youngest full professor at Harvard Business School. His 2011 book 'World 3.0' won the Thinkers50 Book Award."

Excerpt from Marketplace -- "In monetary policy, hawks have a laser-like focus on inflation. Keeping that under control is one of the Fed’s two mandates. And doves? They’re concerned with the other mandate. 'The dove, being a little bit softer, might be more concerned about what is going on in labor markets, the rate of growth, and the unemployment rate,' says Paul Wachtel, a professor of economics at NYU’s Stern School of Business. Doves are not happy, because unemployment is at 7.3 percent. And hawks? As Wachtel puts it, 'there aren’t too many hawks out there nowadays.'”

Excerpt from Xinhua -- "Joe Foudy, a business professor at New York University, said China's economic reforms would be 'quite transformative' for the country. 'These reforms are really the most important reforms that we've seen since the 1990s... This is a real opportunity to try to move China decisively towards markets,' he said."

Excerpt from Forbes -- "Galloway, who is also clinical professor of marketing at the NYU Stern School of Business, where he teaches brand strategy and luxury marketing, said he expects Apple to expand into product categories such as apparel, handbags, jewelry, sunglasses, watches and even luggage."

Excerpt from CNBC -- "'There can be no way that you can tell me from a valuation perspective that it's worth what it's trading for. Having said that, I would disagree with the statement that growth stocks can never be good investments because I think there will be a point in time where Twitter will become a good investment,' said New York University professor Aswath Damodaran. 'It might not be that far in the future. All you need is a couple of bad earnings reports, and the same crowd that's buying in now will be out of the stock as quick as can be.'"

Excerpt from Bloomberg TV -- "I think they could be profitable now. A lot of people have said this is a company losing a lot of money and they kind of slam their organization for it, but this is a great business model. You come up with great technology, and you get a sales force, and then you and me provide the content for free, so I think they could be doing 30 or 40% EBITDA right now, but they are plowing a ton of money back into the business to try and grow the same way LinkedIn was when it went public."

Excerpt from The Wall Street Journal -- "Nouriel Roubini, an economics professor at New York University who achieved a high profile globally for forecasting the financial crisis, sketched the dilemma starkly in an opinion piece recently. '[P]olicymakers will eventually face an ugly trade-off: kill the recovery to avoid risky bubbles, or go for growth at the risk of fueling the next financial crisis,' Mr. Roubini said."

Excerpt from Big Think -- "If you look across the world, the color blue is the world's favorite color. And that's a very powerful thing to know if you're going to color products, and almost all products now have colors, that almost everywhere in the world, in extensive interviews, people prefer the color blue to other colors."

Excerpt from The Baltimore Sun -- "Luke Williams, executive director of the Berkley Center for Entrepreneurship & Innovation at New York University's Stern School of Business, figures a lot of people buy certain razors out of habit. He's used Gillette's Mach3 for a long time. But he said 'little tension points,' like customers annoyed about the price of something they use every day, can be fruitful for businesses to exploit. Established players ignore such competition at their own peril, he said. 'Every business is a Kodak, I like to say,' he said, referring to the film and camera pioneer that had to restructure itself in bankruptcy court after the digital revolution. 'And Gillette is no different.'"

Excerpt from Associated Press -- "I think they have a timetable in the spring they're looking at. And they're very aware that the numbers next month may be a bit weaker because of the shutdown, so I don't think this is going to change their course of monetary policy."

Excerpt from New York Business Journal -- "We’re not a typical academic department. We’re aiming not just for relevance but impact. Universities have an obligation to step up and solve some of the problems that cities have. Many problems are very complicated and require solutions that join academics with the private sector and government."

Excerpt from Luxury Daily -- “'Apple is about to crash the party,' Mr. Galloway said. 'Why wouldn’t [Apple] migrate to [luxury]?...The move gives consumers a chance to express their affinity for Apple with something other than [technology],' he said."

Excerpt from MSN -- "In 'The Talent Equation,' a new book by Matt Ferguson (CEO of CareerBuilder), Lorin Hitt (Wharton School, University of Pennsylvania) and Prasanna Tambe (Stern School, New York University), issues such as the labor market's skills gap challenge are explored, as well as how big data has the potential to transform human resources."