Experience Stern | News & Events

Excerpt from MoneyControl -- "Moreover, financial markets were also central to rising inequality, as initially shown by researchers such as Thomas Philippon and Simon Johnson."

Excerpt from NPR -- (1:42:48) "We have lots of evidence in my field of psychology that we don't always hit the mark of who we see ourselves as...as psychologists what we can tell you is we have unconscious bias, we have blind spots, we have all sorts of ways in which outside of our own awareness we are swayed by situational forces around us..."

Excerpt from Marketplace -- "'There's been a tremendous amount of consolidation during the last four decades,' Sylla said. 'The American banking system went from about 13 or 14,000 commercial banks four decades ago down to closer to 5,000 now.'"

Excerpt from Quartz -- "'(Zhang) is one of the sharpest analytical thinkers today in China,' said Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern School."

Excerpt from the Financial Times -- "As well as Mrs Hughes, Aston also named former InterContinental Hotels chief executive Richard Solomons, and former Sainsbury’s executive Imelda Walsh to its board, along with former Deutsche Bank and Deloitte director Peter Espenhahn, director of the Arab British Chambers of Commerce Lord Matthew Carrington, and Professor Tensie Whelan from the New York University Stern Center for Sustainable Business."

Excerpt from CNN -- (1:21) "What began happening in 2014, 2015, is that professors and students who would say something, somebody would react to one word and there would be protests and there would be demands that the person be punished or fired and it took everyone by surprise. It seemed very strange. That's what we are seeing now, the new generation of students -- these are not millennials, these are the kids born after 1995. They have been raised in a very protected way, they are very sensitive to the power of words but there is this huge clash on campus now that is making it very difficult for example, to teach a class. You speak for an hour and if one person is offended by one word, they can report you."

Excerpt from Bloomberg -- "When you study these serial breakthrough innovators, you'll discover that a lot of them are what in management we would call 'low self-monitors,' meaning they don't monitor their persona or the way they present themselves very carefully. This is actually relevant to their ability to generate unusual ideas and to persist in the face of criticism. A person who cares a lot what people think of them is a person that’s going to make concessions when people disagree with their ideas."

Excerpt from MarketWatch -- "'Private equity-owned schools are better at capturing government aid and that is coming at the expense of student outcomes, said Sabrina Howell, a finance professor at NYU Stern and one of the authors of the study."

Excerpt from the Los Angeles Times -- "'We’re encouraging people to adopt very risky financial behavior — to acquire an illiquid, undiversified asset and to borrow heavily against it,' [Schoenholtz] said."

Excerpt from CBS -- "We know that we pay a lot of attention to our names. There's an effect known as the cocktail party effect. And it's this idea that if you're at a cocktail party, there could be 100 people in a room. You could be at one corner of the room. There's a lot of noise. But if someone at the other corner of the room says your first name, you will hear it."
 

Excerpt from The Wall Street Journal -- "'Every aspect of the financial report is adversely affected by this dated, industrial-age treatment of intangible capital,' Prof. Lev argued in his 2016 book, 'The End of Accounting and the Path Forward for Investors and Managers,' co-written with Feng Gu, a professor of accounting and law at the University at Buffalo"

Excerpt from Bloomberg Quint -- "'Just because you have special tech and AI doesn’t mean you’re off to the races,' said Vasant Dhar, a professor at New York University who has run an AI-powered hedge fund for about a decade. 'This tech is interesting but fraught with all kinds of risks.'"

Excerpt from Bloomberg -- "'This new government promised the moon, but when the spread rose to about 300 they panicked,' Nouriel Roubini, chief economist at Roubini Global Economics, said at the conference in Cernobbio. 'On the one side they promised a lot and have to deliver, on the other there is the deficit constraint.'"
 

Excerpt from Knowledge@Wharton -- "...The issue of the puzzle that wages weren't increasing even though the economy was strong, unemployment rate was low, we weren't seeing wages increasing was a continuing puzzle. [It's] still not clear why that was so six months ago, a year ago, two years ago, but it is clear now that the ... labor market is having some consequence for wages. However, it's important to remember that inflation is kicking up a little bit as well..."

Excerpt from Fast Company -- "After an initial drop, Nike’s stock is on working its way back up. The emotional, knee-jerk reactions of many will subside, and overall the brand will be stronger for being on the right side of history. Besides, as NYU marketing professor Scott Galloway tweeted yesterday, the American market is less than half of the company’s overall revenues."

Excerpt from The Economist -- "The Atlas of Urban Expansion, a project run by Shlomo Angel of New York University, has good data on Cairo, Dhaka, Lagos, Manila and São Paulo. All are at least twice as densely populated as Paris. Dhaka, with an overall density of 552 people per hectare in its built-up area, is ten times as crowded as Paris."

Excerpt from WalletHub -- "I advise potential homeowners (including private houses, condos, and coops) to follow three rules. Buying now is a good idea if: 1. You will love living there, 2. You can afford it, 3.You have no short-term (<5 years) constraints that would force you to move and sell."

Excerpt from CNBC -- "'Associating yourself with the Amazon brand, even if you are one of several hundred delivery companies, is extremely powerful,' Ghose explains. If you start your own low-cost small business on your own, 'then, it's just your brand. And it's going to take forever for anybody to establish their own brand. I think that, for me, is the biggest difference.'"

Excerpt from AZCentral -- "'In most parts of the country, there are only one or two providers,' Economides, the NYU economist, said. 'That's very little competition actually, and that's one of the reasons why prices are high. If you only have two companies, and you're dissatisfied with one, you have to go to the other. You might be dissatisfied with both.'"

Excerpt from Popular Science -- "In his own research, for example, Alter has shown we’re more likely to run a marathon when our age ends in a nine—29, 39, 49—because the dawn of a new decade prompts people to seek meaning. 'With that knowledge you might advise running shoe companies to advertise to people who are approaching a new decade, or people, more broadly, who might be experiencing life transitions,' Alter writes."

Excerpt from Bloomberg -- "...From a shareholder perspective I think they continue to do well, from a citizenry or welding of the commonwealth, I think they continue to do substantial damage..."

Excerpt from Digiday -- "Allen Adamson, assistant professor of brand strategy at New York University and co-founder of consultancy Metaforce.co, said Nike knows it cannot appeal to everybody. Otherwise, it would come off as inauthentic or unclear of its direction, a common problem with companies when they try to pursue purpose-driven marketing. 'The marketplace is so fractured and polarized today that if you try to keep everyone happy all the time, you will become invisible,' he said."

Excerpt from InsideSources -- "'This is a larger issue in at least two dimensions: first, the fintech companies have been trying now for at least two or three years to get charters from the controller of the currency,' Lawrence White, professor of economics at New York University’s Leonard N. Stern School of Business, told InsideSources. 'The fintech companies have wanted a similar kind of national charter because they are obviously going to be headquartered someplace, but especially for fintech companies nowadays, scale is everything.'"

Excerpt from CNBC -- "Finally: a lively, evidence-based book about how to battle biases, champion diversity and inclusion, and advocate for those who lack power and privilege. An unusually thoughtful psychologist makes a convincing case that being an ally isn’t about being a good person—it’s about constantly striving to be a better person."

Excerpt from USA Today -- "Nobody’s ever complained that Amazon’s giving them too good a deal, said Aswath Damodaran, a professor of finance at New York University's Stern School of Business. 'If you were a candidate and you said you were going to force Amazon to stop offering Prime below cost, you’d lose the election,' he said."