Faculty News

Prof. Richard Sylla on Yahoo's stake in Alibaba

Except from Bloomberg -- "This kind of tie-up between larger companies isn’t typical for U.S. investors, said Richard Sylla, a professor of economics and financial history at New York University’s Stern School of Business. Berkshire Hathaway Inc. and mutual funds tend to be more ideal investment vehicles, he said. 'It’s a bit more unusual in the U.S. for a company like Yahoo to have a big stock position in another firm without sort of taking it over,' he said. 'Usually, one firm buys another and they merge or something like that -- but in this particular case Yahoo was acting a little bit more like a partner or a venture capital firm.'"

Read more