Experience Stern | News & Events

Excerpt from Seeking Alpha -- (3:38) "The nature of valuation is not that you are trying to find every winner but that you are trying to find the next one. That said, Amazon has been a surprise in the making."

Excerpt from MIT Sloan Management Review -- “Carbon dioxide emissions create monumental social costs, which are not covered by industries that burn fossil fuels. Firms have no incentive to volunteer paying for these costs. In fact, that would be a really dumb business decision. This is a place where ‘self-regulation’ fails, and we need evidence-based government policies.”

Excerpt from Yicai Global -- "Debt management will be more difficult once confidence within the financial system disappears, Robert Engle, a Nobel Laureate in economics, told Yicai Global, adding that slowly reducing the debt ratio of state-owned enterprises and local governments, as well as safeguarding foreign investment can help to solve this challenge. An end to the China-US trade spat will also benefit both sides, he added."
 

Excerpt from the The New York Times -- "Expanding on their influential Atlantic article, the authors trace the culture of 'safetyism' on campus to a generation convinced of its own fragility, warning of potentially dire consequences for democracy."

Excerpt from Barron's-- "'It’s easy for a board to be alert when times are tough, but it’s very important for a board to maintain their vigilance when times are good,' she continues, adding that 'sometimes boards can be deferential to an iconic CEO' such as Ghosn. (Ghosn stepped down as CEO of Nissan last year while remaining chairman.)"

Excerpt from Forbes-- "Business professionals can learn a valuable lesson about the path to economic growth and innovation from Paul Romer, this year’s Nobel Prize winner in Economic Sciences (shared with William Nordhaus). Romer views the economy as a 'huge innovation discovery machine' that, in conjunction with government policy, can and should promote and provide technological innovation for everyone."

Excerpt from CNBC -- "Right now, rather than thinking about managing investor expectations, what Facebook really has to focus on is making sure that they don't lose the public trust."

Excerpt from Poets & Quants -- "'There’s an enormous opportunity to continue the growth of the technology sector in New York City that has been booming so much the last five years,' Eggers tells P&Q, 'to the extent that New York is seen as the only real competitor to Silicon Valley in the U.S. at this point in time in terms of scale, size, and growth rate.' ... 'Obviously we are excited about this opportunity and the fact that the door to more opportunities at Amazon — especially opportunities that would be local here in New York — is a real potential option for our MBA students,' he says."

Excerpt from Machine Design-- "Quirky illustrates a common thread among these geniuses and asks whether it’s possible to teach someone how to become one of the greats. In short, no—it isn’t. However, there are things that could aid or create an environment to yield people who are more aware of (and capable of) innovation on a grand scale."

Excerpt from Forbes-- "In his book Irresistible, NYU Stern School of Business professor Adam Alter summarizes the research about the irresistible urge to use technology, and the businesses that spend millions of dollars to keep you hooked. Guidelines suggest that you should spend less than an hour a day on our phones, yet research shows that only 12% of phone users meet that criteria – that means 88% of people overuse, with the overall average being three hours. Alter goes on to detail a survey of young adults that revealed that 46% of them said they would rather break a bone than break their phone – and many of the 54% who said they’d rather have a broken phone agonized about that decision."

Excerpt from Forbes-- "'Of course young companies outnumber the old,' says Sylla. 'Many of the largest companies started between 1880 and 1920, but many more have grown large after 1950 so they wouldn't quite be centenarians. Yet.'"

Excerpt from Heleo-- "I am trained as a social psychologist and we tend to think of the world through the lens of individual people and small groups, not large systems and structures. But, through the interviews I did for the book, it became clear I was really missing something by not exploring the systemic perspective and its relationship to our unconscious biases. I turned to the work of sociologists, economists, political scientists, historians, and others to broaden my understanding."

Excerpt from amNewYork-- "'It’s transportation, talent and taxes,' said Ari Ginsberg, a professor of entrepreneurship and management at NYU's Stern School of Business. 'Places that have deteriorated in terms of industrialization then became opportunities for new types of business and new types of talent.'"

Excerpt from Bloomberg-- "'I believe that the market has over-corrected for GE’s many faults, and at the current stock price, that it is significantly undervalued,’ Aswath Damodaran, a finance professor at New York University, said Wednesday in an analysis on his website."

Excerpt from UPI-- "'It’s transportation, talent and taxes,' said Ari Ginsberg, a professor of entrepreneurship and management at NYU's Stern School of Business. 'Places that have deteriorated in terms of industrialization then became opportunities for new types of business and new types of talent.'"

Excerpt from Daily Mail-- "'Their target was younger, urban people, and the people that are burning their Nikes - I think [Nike is] OK with that,' he continued. 'Obviously they don't want to lose customers, but they are going after their target, which is what you should do in marketing.'"

Excerpt from Financial Times-- "'The context is always different and the law is always changing,' says Vasant Dhar, professor of information systems at New York University’s Stern School of Business. 'That makes it a messy arena for AI to operate in.'"

Excerpt from the The New York Times -- "Aaron Tenenbein, a statistics professor at New York University’s Leonard N. Stern School of Business, estimated Mr. Bailey’s odds would have been 1 out of 115,385. 'It doesn’t matter if he’s playing the same number; it’s still the same chance,' Mr. Tenenbein said. In other words: 'It’s pure luck.'"

Excerpt from From Day One-- "While at least one company director, investor Erskine Bowles, warned Zuckerberg and Sandberg that the fallout from Russian misinformation would be worse than they expected, their lack of quick action underscores the importance of having 'people with the courage to address the issues' in a company’s leadership, said Prof. Brenner. 'It’s often when companies are successful they miss a lot of these issues, they get complacent and stop asking the hard questions.''

Excerpt from InsideSources-- "'A quite legitimate action of hearings is simply to be a forum, a vehicle for airing various concerns on legislative and regulatory issues,' he said, 'so even if legislation doesn’t follow from any particular hearing, they still serve a value highlighting concerns and bringing issues into public dialogue.'"

Excerpt from Vogue -- "In 2010, a study from New York University’s Stern School of Business by Professor David Yermack discovered that when Obama appeared in a garment it added, on average, $14 million in value to that company."

Excerpt from Poets & Quants -- "As we got to know each of the top 50, we learned that no matter what sparked their interest in teaching business school undergrads, the first time setting foot in front of a classroom to deliver a lecture was momentous for all. Professors use words such as 'electrifying' and 'thrilling,' and such phrases as “unforgettable experience filled with fun” and simply, 'a blast.'"

Excerpt from CGTN-- "I would say from the point of view of a democracy, given that the present deal is so far away from what people thought they were getting, it makes real sense to have a really thorough debate, and even the possibility of another referendum."

Excerpt from The Washington Post-- "As Greg Lukianoff and Jonathan Haidt chronicle in their new book, 'The Coddling of the American Mind,' today’s young people tend to be obsessed with safety, troubled by a pervasive sense of threat. Consequently, understandably, they’re anxious and depressed."

Excerpt from Value Research -- "Lev and Gu make several specific recommendations on how financial reports can be made relevant again - by reporting numbers in a way that emphasises 'strategic assets' and how they are nurtured and grown by organisations. Further, they suggest that modified cash flows (adjusted for investments in these assets and after taking into account the cost of capital) are best used by investors for deciding on investments."