Experience Stern | News & Events

Excerpt from Bloomberg Businessweek -- "Using data gleaned from Engle’s model, which compares the equity value of a bank to its liabilities, NYU Stern’s Volatility Laboratory publishes a weekly update showing which bank is contributing most to systemic risk."

Excerpt from Bloomberg -- "Groupon Inc. (GRPN) has yet to become a bargain stock even after 12 straight days without a gain, according to a valuation by Aswath Damodaran, a finance professor at New York University."

Excerpt from Bloomberg -- "Banks were reluctant to cut their staffs even more than they did after the 2008 crisis because they counted on the economy improving more than it has, said Roy Smith, a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner."

Excerpt from The New York Times Economix blog -- "In 'The Evolving Structure of the American Economy and the Employment Challenge,' the Nobel-winning economist Michael Spence looked at job growth from 1990 to 2008 in sectors of the United States economy. He found almost no net job growth in sectors, like manufacturing, in which global trade played a large role."

Excerpt from The Economic Times -- "In our assessment at NYU Stern, we have suggested less government backing for housing so as not to encourage overconsumption of housing, contain US fiscal risks, etc, but the biggest resistance we get is from the private financial sector, besides the households themselves."

Excerpt from CBS News -- "New York University finance professor Aswath Damodaran examined the period 1960-2011 and found that if past returns were higher than average, future returns were more likely to be lower, and vice versa. However, Damodaran did find that forward-looking metrics like the earnings-to-price ratio (the inverse of the price-to-earnings ratio) actually had predictive value."

Excerpt from The Wall Street Journal -- "Some red flags include using little-known accounting firms, relying on internal models to value assets and trading through in-house brokerages, says Stephen Brown, a finance professor at New York University's Stern School of Business."

Excerpt from Fox Business -- "Well, first of all there will be a run on the banks in the transition of Greece to a new drachma - that's problem number one. Problem two is that there is going to be very high inflation as the new drachma gets heavily divided against the euro."

Excerpt from CNBC -- "My estimate of value for Facebook is $24. About $3 less than I estimated the value to be four months ago, at the time of the IPO. I did lower my revenue growth estimates… I did bring down my margins but I still think what made the company an attractive company six months ago, it's incredible potential and capacity to monetize that potential, is still there."

Excerpt from The Huffington Post -- "... Jonathan Haidt roiled his colleagues at the 2011 gathering of the Society for Personality and Social Psychology. Addressing an audience of more than 1,000, the bestselling author of The Righteous Mind asked all those who considered themselves politically conservative to raise their hands. Three hands went up. He then described two other attempts he had recently made to locate conservative social psychologists."

Excerpt from Fast Company -- "'The opportunity is to create a number of cities,' [Romer] told the audience, 'startups like Shenzhen.' These startups, which he calls charter cities, are new enclaves granted their own laws, immigrants and investors. They’re laboratories for testing competing forms of governance, erected on what in theory are clean urban slates."

Excerpt from The Economist -- "The thought that you are going to change someone's mind on a moral issue by giving them logical arguments and reasoning is an error. If somebody doesn't care about the conclusion - if they think that it's faster to get to the airport by subway than by car and you know otherwise - you can give them reasons, you can change their mind. But moral beliefs are very different. They bind us to other people, they bind us into a team, they give us a sense of meaning and purpose in life, and so you can't wedge people -- you can't move them -- just by giving them logical arguments."

Expert from PBS NewsHour -- "...General Electric in the '80s was on top, Microsoft in the 1990s, and now it's Apple. And just think about it. Microsoft was a huge company and everybody thought Apple was going to fold because they just couldn't compete with Microsoft. And now, as was pointed out earlier, Apple has two-and-a-half times the market cap of Microsoft. I believe that there are people like Steve Jobs and Bill Gates working right now, as we talk, trying to come up with some better product that three or five or 10 years from now will threaten and perhaps even topple Apple from its perch."

Excerpt from Bloomberg -- "During the first half of August 1978, the dollar sank to new lows against the German mark, a fresh vote of no confidence in America. On Aug. 15, 1978, Volcker told the FOMC, 'I think it’s important particularly in view of the international situation that we correct the misapprehensions about our lack of concern over inflation.'"

Excerpt from Ilsussidiario -- "The EU leaders do not quite understand that they live in a world of financial markets and they are not the absolute monarchs of the past. Their behavior shows they are not in synch with reality."

Excerpt from NBCNews.com -- "Sundararajan explained that the company is still in a state of evolution; it may have become a public company -- exposing itself to the demands of Wall Street and quarterly earnings targets -- too quickly, he said. It’s critical for investors to give Facebook time, he continued. Facebook is potentially a hugely valuable company that 'might need more gestation.'"

Excerpt from Knowledge@Wharton -- "According to Anindya Ghose, a professor of information, operations and management sciences at New York University’s Stern School of Business, the move 'would make Google a huge player in the online travel business, primarily because of the trustworthy reviews from Frommer’s.'"

Excerpt from The Wall Street Journal -- "'It is one of those iconic companies,' says Richard Sylla, professor of financial history at New York University's Stern School of Business. 'When I think about these companies, their products were used by all kinds of people and their leaders were considered geniuses.'"

Excerpt from Bloomberg Businessweek -- "Silber persuasively argues that the foundation of Volcker’s successful strategy in combating inflation was the insight that good monetary policy was only possible with sound fiscal policy."

Excerpt from FundFire (A Financial Times Service) -- "A way that financial advisors can build trust is by focusing their social media efforts on 'allowing people to get to know them,' according to Anindya Ghose..."

Excerpt from The New York Times Dealbook -- "'As with most other young growth stocks, no one really knows Facebook’s value,' said Aswath Damodaran, a professor of finance at the New York University Stern School of Business. 'That means people can overreact in both directions.'"

Excerpt from Seeking Alpha -- "For some time, investors have been waiting to see decisive actions being taken by the government. As soon as such actions are taken, I think a lot of entrepreneurs will see Greece as being the right place to invest."

Excerpt from The New York Times -- "With the exception of Germany, none of Europe’s biggest economies have returned to the level of economic output they had at the beginning of 2008, before the subprime mortgage crisis in the United States spread across the Atlantic, according to calculations by two U.S. economists, Peter Rupert and Thomas F. Cooley."

Excerpt from Project Syndicate -- "Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse."

Excerpt from Project Syndicate -- "The negative effects of these problems are now interacting, feeding back on themselves, and spreading to the rest of the global economy. And yet, despite a palpable sense of concern that something is very wrong, the prognosis for significant change is bleak – and deteriorating. What accounts for the apparent lack of effective policy action across a broad range of countries and regions?"