Experience Stern | News & Events

Excerpt from Recode -- "'Snap needs something,' he said. 'I believe this company is going out of business ... Snap will not be an independent company by the end of 2019.'"

Excerpt from Fox Business -- "'I do expect a sharp economic slowdown and the likelihood of a recession by 2020,' said Roubini during an interview with FOX Business’ Maria Bartiromo. Because of an impending decrease in fiscal stimulus, this financial drag will get 'bigger and bigger' by 2025, he warned."

Excerpt from Bloomberg Businessweek -- "Says Pugel: 'If U.S. buyers are desperate to get a Chinese product, the price in the U.S. is going to go up.'"

Excerpt from Quartz India -- "'(It) has to go up against Jin Jiang, the world’s fifth largest hospitality company,' said Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern school of business. 'There is also Airbnb and their big rival, Tujia.'"

Excerpt from SAPO Cabo Verde -- "For [Cabral], it is important that governments, businesses and the general population are prepared for the ongoing digital revolution, which, he said, will have a 'far greater' impact than computers and the Internet, but also in artificial intelligence. 'It is fundamental to invest in the infrastructure...' he added, adding the importance of investing in education so that people are prepared for the new phenomena and technologies."

Excerpt from Knowledge@Wharton -- "I call it the smart, semi-bold person’s guide for diversity and inclusion. It’s an approach to thinking about diversity and inclusion that really begins with thinking about yourself and the ways in which you may inadvertently be holding some unconscious biases or benefiting from systemic bias."

Excerpt from ThinkAdvisor -- "'The Bitcoin Boom: Asset, Currency, Commodity or Collectible?' by Aswath Damodaran, finance professor, NYU Stern School of Business: 'Bitcoin is not an asset class. You don’t invest in Bitcoin; you trade it. Bitcoin is a young currency.'"

Excerpt from ThinkAdvisor -- "'The Bitcoin Boom: Asset, Currency, Commodity or Collectible' by Aswath Damodaran, finance professor, NYU Stern School of Business: 'Bitcoin is not an asset class. You don’t invest in Bitcoin; you trade it. Bitcoin is a young currency.'"

Excerpt from The Economist -- "Three basic misconceptions underpin this hypochondriacal outlook, Mr Haidt and Mr Lukianoff write. First, that a person’s feelings, such as over whether a remark is racist, are always right. Second, that humankind can be split into good and bad people, whereas, as Solzhenitsyn put it, 'the line dividing good and evil cuts through the heart of every human being'. Finally, that risk is best avoided, or 'What doesn’t kill you makes you weaker'."

Excerpt from Yahoo -- (Translated from Italian using Google Translate) "Professor Lev, before receiving the Ethics Award from the hands of Massimo Pomilio, managing director of Pomilio Blumm, said: 'Intangible assets are not just patents and licenses, but also innovations in the organizational model, like WalMart, which sends updates on the supply of a given asset directly to the supplier.'"

Excerpt from The Christian Science Monitor -- "'In cities like New York and Boston, given the high cost of residential housing, there is little or no evidence that you can actually take a unit off the longer term market, run it as an Airbnb, and make money,' says Arun Sundararajan, a professor of business at New York University and author of 'The Sharing Economy,' a book that explores how on-demand platforms will change society."
 

Excerpt from The New York Times -- "It was the 'worst business decision of 2018,' said Scott Galloway, a founder of the business research firm Gartner L2 and a professor of marketing at New York University Stern School of Business. 'It feels like the tide has turned substantially,' Mr. Galloway said. 'They’ve sort of poked the bear.'"

Excerpt from Quartz -- "We assume that the way money works now—fiat currency controlled by central banks—is a law of nature. It isn’t. It is a particular set of man-made, transient institutional arrangements. The former governor of the Bank of England Mervyn King says in his recent book The End of Alchemy that central banks’ 'extinction cannot be ruled out altogether.'"

Excerpt from Bloomberg -- (:10) "China is struggling with the American tariffs, they're trying to find a way through this. The United States, I think by general agreement, has the capacity to hurt them in the short run..."

Excerpt from the Philanthropy Journal -- "The studies show that people will still choose more personally gratifying charities to donate to over more effective ones. The researchers found that this pattern was only disrupted in two situations: if the donor occupied some role of responsibility, such as being responsible for allocating official funds, or if the donor was choosing between charities that supported the same cause."

Excerpt from ABC News -- "Research by Uber's chief economist, Jonathan Hall, and John Horton of New York University found that when Uber raised its fares, drivers initially earned more money. But there were offsetting effects: The higher rates attracted more drivers while reducing the number of trips consumers made. Overall earnings for drivers soon fell back to their previous levels."
 

Excerpt from CNNMoney -- "Erdem said that when companies change their names, they lose valuable brand recognition. 'There's so much awareness around the name,' said Erdem. 'I think a company would do that only if really, really the brand is so tarnished, you want to be forgotten.'"

Excerpt from HuffPost -- "We give our phones immense power when we allow them to nudge us with updates throughout the day,' Professor Adam Alter from New York University, who has done research in this area, tells me. 'We’d never give the same power to another person - imagine telling someone that you’re happy for them to tap you on the shoulder every few minutes. Our phones are just as intrusive, and we give them that power.'"
 

Excerpt from New York Magazine -- "Haidt and Lukianoff note how humans are constructed genetically for this kind of tribal warfare, to divide the world instinctively into in-groups and out-groups almost from infancy. For homo sapiens, it is natural to see the world, as Rabbi Jonathan Sacks put it, as radically 'divided into the unimpeachably good and the irredeemably bad.'”

Excerpt from Institutional Investor -- "Although higher risk can sometimes lead to higher returns, the additional risks taken by sports car drivers “ultimately hurt their investors,” authors Stephen Brown, Yan Lu, Sugata Ray, and Melvyn Teo, who are all finance professors, wrote in the paper. They found that sports car owners delivered lower Sharpe ratios and alphas, and traded 'more frequently, actively, and unconventionally.'"

Excerpt from The Wall Street Journal -- "Maher Said, a New York University Stern School of Business professor who focuses on auctions, said the first step in an auction like this is figuring out how much the asset is really worth to you, and then what you think it’s worth to your rival. Next is gaming out a range of possible bids from your rival. 'The concern is you don’t want to raise the price so high and end up holding the bag,' he said."

Excerpt from Bloomberg -- "'That is not what the investment bankers signed on to be; they wanted to be "masters of the universe" and make big bucks,' said Roy Smith, emeritus professor of management practice at New York University’s Stern School of Business. 'They didn’t sign on to be low-risk public utilities.'"

Excerpt from MarketWatch -- "'It would be good for the government to take a unified approach to regulating crypto assets, but given the byzantine structure of our financial regulation, I would not expect miracles,' said Yermack."

Excerpt from CNBC -- "'I see China as five years ahead of the U.S. when it comes to the extent to which digitalization is integrated into this economy,' Arun Sundararajan, professor at New York University's Stern School of Business, said during the same panel discussion Thursday."

Excerpt from Refinery29 -- "'When you're playing a slot machine, the machine will tell you when you've won with ringing bells and flashing lights,' Adam Alter, a social psychologist at New York University, said in the documentary. 'And a lot of the apps we use now have elements of that built in, even when they aren't really about games.'"