Experience Stern | News & Events

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."

Excerpt from CNN -- "Irv Schenkler, Director of the Management Communication Program at New York University's Stern School of Business, said that companies need to take a balanced approach when developing their social media strategies. On one hand, firms should be engaging with their customers online. On the other, they should be wary of jumping into a controversy too quickly, he advised."

Excerpt from TheStreet -- "'The other thing to remember is GE is basically a manufacturing company, especially since it spun off a lot of its financing, it's a manufacturing company. Manufacturing is less than 10 percent of the US economy, yes it's been expanding a little bit, but we are a services oriented economy, have been for a long time. This is not 1957, this is 2017 and we are going to continue to be a services oriented economy.'"

Excerpt from Pacific Standard -- "This timely new research, published in the journal Violence Against Women, is based on Jonathan Haidt's well-known moral foundations theory. Haidt argues that liberals and conservatives resonate to different dimensions of morality, and this divergence drives our increasingly polarized politics."

Excerpt from Quartz -- "'So here’s what’s wrong about how they’re thinking about it,” he said. 'They’re not considering the fact that more drivers would drive more' if Uber raised wages. 'If you basically said, alright, so now we’ll pay more—promotional payments, incentives, however you want to do it—as long as Uber runs an open platform, that’s going to get dissipated.'"

Excerpt from the Coin Telegraph -- "'It’s quite possible that after a while you just realize it’s not worth the cost of tooling up to take it and you decide to drop it if the publicity has run its course,' said David Yermack, a professor at New York University Stern School of Business who studies Bitcoin."

Excerpt from The Times -- "In his book Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked, Adam Alter offers a catalogue of tricks, from fitbits that make you want to keep your steps up, to Snapchat “streaks” you don’t want to end."

Excerpt from Salon -- "This is a psychological phenomenon where the least knowledgeable and most ignorant persons about a given subject are most likely to assert their expertise about it. Trump's repeated claims to be 'smart' and 'intelligent' are an example of the Dunning-Kruger effect in practice."

Excerpt from Quartz -- "In the long-run, Indian consumers stand to gain. Flush with funds, Ola and Uber may well turn their attention to innovation instead of competing on prices, said Anindya Ghose, the Heinz Riehl professor of business at New York University. 'Net net, this investment will lead to a good outcome for consumers,' he said, 'as it will force both players to pull up their socks, roll their sleeves, and revisit how they can improve the quality of their service in India.'"

Excerpt from NPR -- "The study looked at what happens when one of those states changes its corporate tax rate, and how it affects different parts of the region. Their conclusion: Tax increases can hurt a region's economy, but no evidence exists that tax cuts spur growth."

Excerpt from The Wall Street Journal -- "States usually team up to prosecute large corporations like Google, with bigger states like New York or California leading the way, said New York University economics professor Nicholas Economides. He predicted Missouri would try to recruit other states if it seeks charges. 'Google is going to be a significant case,” he said. “If it’s going to be just Missouri, that would be a very unequal fight.'"