Experience Stern | News & Events

Excerpt from the Financial Times -- "Prof Yermack at NYU Stern says blockchain technology 'is really changing every industry'. Describing its potential as 'probably as important as the introduction of double-entry bookkeeping', he says there is 'enormous student interest for this, for the jobs it offers'."

Excerpt from the Australian Financial Review -- "'Bitcoin is by consensus the most secure computer network ever developed,' says Professor David L. Yermack, chairman of the finance department at New York University's Stern School of Business. 'Many financial institutions have recognised that blockchains are potential conduits for many assets, including digital currency, shares of stock, real estate titles, and the like. Rather than constructing a blockchain from scratch, one might use an existing blockchain as the infrastructure upon which new markets can be layered.'"

Excerpt from the Financial Times -- "Scott Galloway, a professor of marketing at New York University and the author of The Four, a book about Amazon, Apple, Facebook and Google, says the Honest Ads Act is simply 'window dressing' to make the Senate look like it is doing something. He points out that regulators have failed to shake up Facebook, which benefits from a large cash pile and earnings momentum that is unlikely to be lost any time soon."

Excerpt from CNNMoney -- "Businesses in hurricane-prone zones could also see their premiums go up, White warned. 'Insurance is all about the insurer’s perception of forward-looking risk,' said White. If a hurricane like Harvey makes insurers believe that Houston is more likely to be hit again, 'then for sure someone’s premiums are going to go up.'"

Excerpt from US News & World Report -- "'Even if they're not using credit card information, [imitating a popular app] makes the app a suitable publisher for viewing different kinds of display ads or banner ads,' explains Anindya Ghose, the Heinz Riehl chair professor of business at New York University's Leonard N. Stern School of Business."
 

Excerpt from the San Francisco Chronicle -- "'We’ve already got very well-developed curricula to prepare people for full-time jobs,' he said. 'But the science of education to transition to something other than being a full-time employee is more nascent. The true promise here is laying the foundation for a much broader audience for this kind of education.'"

Excerpt from NBC News -- "The study entitled 'Enhancing Transparency and Control When Drawing Data-Driven Inferences About Individuals,' is a joint research material by Daizhuo Chen from Columbia Business School, Northeastern University's Samuel Fraiberger, Robert Moakler and Foster Provost from Stern School of Business, New York University."

Excerpt from MarketWatch -- "'Mobile devices have become a blessing in disguise for offline retailers,' said Ghose. Initially, they were used by bargain-hunting shoppers who ultimately spent their money on Amazon.com Inc. or some other site with a better price. 'Now the same mobile device is giving them an instrument to get location-based, context-based coupons,' said Ghose. 'It can prevent poaching by sending shoppers an offer that surprises [and] makes them happy.'"

Excerpt from CNBC -- "I certainly think that the role of the government here is going to be to step to the line but not cross it so to speak, to put enough pressure on the large platforms to come up with good effective ways of investing many more resources into their governance. Honestly, I don't think anybody has the right answer to how to prevent something like this from happening. It is clear Facebook has to do more, it is clear that Google has to do more...smart strategy at this point would be to put short term profitability on hold while you make sure that more aggressive government regulatory action doesn't affect you adversely in the long run."
 

Excerpt from The Washington Post -- "'They’ve enjoyed tremendous success, but it’s come at a significant cost,' said Arun Sundararajan, professor at New York University’s Stern School of Business. 'It’s important that they don’t lose sight of the fact that there’s important work to be done to justify their extremely high valuation and the tremendous amount of private venture capital they’ve raised pre IPO.'"

Excerpt from The Washington Post -- "'If someone is allowed to participate in luxury, not even own it, but to look at it, your heart opens up and your spirit is lifted,' Serdari says. When she lectures on luxury, she encourages executives to ask themselves: 'Can your company produce the next item that will be in the Met in 200 years?' Luxury is not merely something that’s expensive or something that bears a famous name. And it is not an indictment of a rigged economic system. It’s one of the things that makes the system worth fixing. Luxury products are those 'things that will speak of our civilization in 200 years,' Serdari says. 'Luxury is an expression of civilization at its best.'"

Excerpt from Fox News -- "The new battleground I believe is going to be the home. It is the only place that you don't have your phone attached to your hand and it's a place where you make a lot of purchase and media decisions, what you are going to watch and what you are going to buy. Who owns the home now? The buttery voice of Alexa."

Excerpt from Bloomberg -- ".. if you are a skeptic about the turbulence and populism and so on we see, you could look at the global economy and markets and say things are going well. We have a synchronized growth acceleration, pretty much globally, markets are at all-time highs, show low volatility, relatively little nervousness, reasonably calm reaction to the withdrawal of monetary stimulus, and so on. So it looks like we are in much better shape than we were ten years ago. So the question is, what disorder? And I think the answer has to do with the rising tide of political and social polarization, especially in the west..."

Excerpt from the Findlay Courier -- "...shopping in brick-and-mortar stores over Thanksgiving/Black Friday is still a big deal, said Jacob Jacoby, marketing professor at New York University. Stores will be offering deep discounts on some items to draw crowds, who will invariably buy additional goods."

Excerpt from Bloomberg -- "'Machine learning in finance is a tough slog,' says Vasant Dhar, a professor at New York University who’s run an AI-powered hedge fund for almost a decade. 'It’s easy to fool yourself about how these things work.'"

Excerpt from CNNMoney -- "Others argue GE should have sold GE Capital long before it got so big that it endangered the rest of the company. 'They were too proud. They couldn't let it go. By the time they spun off GE Capital, it was already damaged and nobody would give them a fair price,' Damodaran said."

Excerpt from CNNMoney -- "'You just have to feel like you're getting added value from being in the store,' said Russell Winer, a marketing professor at NYU's Stern School of Business. Otherwise, you may as well hunt for deals on Amazon."

Excerpt from The New Yorker -- "A meta-analysis by the academics Michael S. North and Susan T. Fiske reveals that Eastern societies actually have more negative attitudes toward the elderly than Western ones do, and that the global ageism boom stems not from modernization or capitalism but from the increase in old people. North and Fiske also note that 'efforts to intervene against age prejudice have yielded mixed results at best.'"

Excerpt from Bloomberg -- "Value and price are two different things, you can either value a stock or you can price a stock....here is the contrast, the price of a stock is determined by demand and supply, mood and momentum and so when you use price earning ratios, and comparable firms and future earnings, you are pricing a company. To value a company you got to go back to basics. The value of a company is built on three pillars. It's cash flows, it's growth, and it's risk. We can dance around those three as much as we want but those are the three driving forces that drive the value of a company."

Excerpt from Quartz -- "'E-commerce grocery shopping is expected to grow rapidly, particularly among the digitally-centered millennial generation. Consumers are beginning to change where and how they buy groceries, and multi-channel supermarkets have to meet these emerging needs,' said Anindya Ghose, a professor at New York University’s Stern School of Business. 'If an e-commerce retailer is not jumping on board the grocery train, it may not be around to catch that ride a year or two later.'"

Excerpt from Fox News -- "I think the war against big tech is going to break out where the biggest wars have broken out and it's in Continental Europe because they register all the downsides, the job destruction, the concerns about privacy, the weaponization of these platforms by foreign entities, but they don't register as much upside as we do in the U.S. We register a lot of upside from big tech."

Excerpt from ThinkAdvisor -- “'Technology can surely create trust on its own in transporting us if our collective experience is that it rarely makes mistakes and doesn’t kill us. We’re not there yet,' [Dhar] said. 'But in the world of investing, which is fraught with uncertainty and unpredictability, trust is indeed a lot harder to engender, but not impossible.'”

Excerpt from Bloomberg -- "'The sharing economy is really booming in China. It is far and away the biggest sharing economy in the world. Sharing economy activity in China is significantly larger than the sharing economy activity in the United States. This is not just with the traditionally associated industries with the sharing economy like ride hailing, their ride hailing platform, Didi Chuxing, is far far bigger than Uber, but also with other pure sharing activities like bike sharing is really taking off.'"

Excerpt from the British Psychological Society -- "In a new article in the Journal of Personality and Social Psychology, involving hundreds of US participants recruited online, Isabelle Engeler from IESE Business School and Priya Raghubir at New York University shine some light on the different ways men and women interpret the same dating behaviours."