Experience Stern | News & Events

On January 16, 2020, for the first time ever, 38 alumni from NYU Stern's Executive MBA Program traveled to Bogotá, Colombia, for a three-day immersive Global Study Tour (GST3).

Excerpt from Zuora Podcast -- "This is not a new problem–the fact that GDP isn’t capturing some of the progress and the real value creation from technological progress. Take your use of Google. There’s a certain amount of advertising revenue that is generated from your use of Google or my use of Google, but that’s very different from the value that it is creating for you and me from having this ability to search for anything and access the world’s information."

Excerpt from Poets & Quants -- "In the last five years, the GMAT averages at most schools are going up — sometimes way up. How do U.S. and European B-schools compare when it comes to the GMAT? The U.S. now boasts 18 full-time MBA programs with average GMATs above 700."
 

Excerpt from The Economic Times -- “'Death of active fund investing is long overdue. It is getting exactly what it deserves. For the most part, it is lazy and inefficient. I will shed no tears for active portfolio managers who get wiped out by ETFs and index funds, because many of them deserve to be wiped out,' he said."

Excerpt from NBC News -- “'The stock market is driven by the aggregate of investors’ expectations about future profitability,' said Lawrence White, an economics professor at New York University's Stern School of Business. Although the Dow perhaps is the most recognizable character in the collective market narrative, White said, he pointed out that professionals view other indices, such as the much larger S&P 500, as a better barometer for gauging economic growth."

Excerpt from The Wall Street Journal -- "But those companies have other ways to get consumer data. Credit-card companies, for example, track spending on e-commerce sites and sell that information, according to Manini Madia, adjunct professor of retail and marketing at New York University."

Excerpt from British Psychological Society -- "This, it turns out, is a classic example of a bias, dubbed the overestimation bias, revealed in a new paper, published in the Journal of Experimental Psychology. In a series of studies involving thousands of participants, Minah Jung at New York University and colleagues found that we over-estimate how much other people will enjoy, pay for or wait for a desirable experience or object."

Excerpt from Inside America's Boardrooms -- “‘…government is no longer taking a leadership role in a lot of societal challenges and that increasingly, people are holding business accountable for leadership around societal challenges, and that employees, the Millennials and Generation X, want to work for companies who are purposeful, they want to have meaning in their life, and we’re also seeing that those companies that have a broader stakeholder orientation, where they are aiming towards having a broader purpose, do have longer staying power and potentially and hopefully better returns for shareholders.’”

Excerpt from ValueWalk -- "About emails: clicking through your inbox may seem an un-taxing way to start your work day, but it’s a productivity killer. According to New York University’s Adam Alter, author of 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked,' it will take you 25 minutes to get back into the zone after you’ve muddled your mind with a mixed bag of assorted emails."

Excerpt from The New York Times -- “'It’s brilliant marketing'” Scott Galloway, a New York University marketing professor who has written a book on the tech giants, said of Apple. 'They’re so concerned with your privacy that they’re willing to wave the finger at the F.B.I.'”

Excerpt from The Wall Street Journal -- "Gary Friedland, a scholar-in-residence at New York University Stern School of Business, said the bill would 'effectively nullify' the new EB-5 regulations. Lowering the minimum investment amount outside low-employment areas, he added, would 'eviscerate the incentive to attract EB-5 capital to projects in rural and economically distressed areas.'”

What are the forces, ideas, and trends that will shape the year to come in tech, business, and beyond? Find out on January 14th by attending Prof G Predictions, live from NYU Stern.

Excerpt from Inverse -- "David Yermack, a professor of finance and business transformation at New York University, tells Inverse this idea actually isn’t really new. He says the only thing that’s new about it is that it relies on blockchain, but that’s not a huge development."

Excerpt from Nature -- "Over the past half-century, Bowmaker shows, economic advisers to US presidents from Richard Nixon to Donald Trump have enabled central bankers and treasury officials to implement untethered ideas. Often described in terms borrowed from mathematics or physics (such as the ‘velocity of money’), these concepts neither command an expert consensus nor are they necessarily reproducible."

Excerpt from The Wall Street Journal -- "Nobel Prize-winning economist Robert Engle isn’t so sure that geopolitical risk in markets is all that high right now. In his work, he analyzes the factors driving cross-asset and cross-country volatility. When something affects all asset classes across countries, the cause is likely to be geopolitical. By his measure, such international events haven’t been particularly severe at all in recent years."

Excerpt from The New York Times -- "Allen Adamson, a founder of the branding firm Metaforce and an adjunct professor of branding at New York University, said that the country’s new campaign was irrelevant because, for many people, the two names were interchangeable, so the rebranding wouldn’t affect their behaviors."

Excerpt from Nikkei Asian Review --"NYU's Sundararajan is convinced that a well-functioning democracy still promises a better overall outcome for society. 'Capitalism needs a certain control mechanism,' he said, 'and the right kind of democracy will push the government toward the right kind of control.'"

Excerpt from Agencia EFE -- "Professor Menachem Brenner of the Stern School of Business at the University of New York, predicts that the new year will once again be marked by the trade war between China and the United States. 'My personal view is that you could never tell if it is overvalued or undervalued. Whoever says it has about a 50% chance of being right.'"

Excerpt from Poets & Quants -- "Dare it. Dream it. Drive it. It almost sounds like a Broadway musical headliner or a motivational speaker’s motto. Together, these words convey possibility, a sense that fear and limits can be batted down with a mix of glee and grit. In reality, this motto is more academic than theatrical, the new brand expression and curriculum structure at the Stern School of Business."

Excerpt from Il Foglio Quotidiano -- "The promise of Donald Trump to raise barriers to trade with China hits of duties has created a feeling of economic insecurity over the course of 2019, but despite this, as documented by a study published in mid-December by DHL and the NYU Stern School of Business, international flows of capital and trade have suffered only a slight decline and 'the world is now more connected than in almost all other moments of history, with no signs of a broad reversal of the trend of globalisation.'"

Excerpt from CXOTalk -- "Amy Webb is a quantitative futurist and professor of strategic foresight at the NYU Stern School of Business and the Founder of the Future Today Institute, a leading foresight and strategy firm. Now in its second decade, the Future Today Institute helps leaders and their organizations prepare for deep uncertainties and complex futures."

Excerpt from FindMBA -- "New York City has always been a haven for LGBTQ rights and issues. Like the Big Apple, NYU’s Stern School of Business welcomes and embraces diversity. It has a student club called OutClass that serves as a professional, educational and social forum for LGBTQ students. Stern students also attend the annual Reachout Out MBA conference for LGBTQ students from around the world. And NYU has its LGBTQ Student Center, a welcoming environment for all students and faculty who want to understand more about LGBTQ issues."

Excerpt from Working Capital Review -- "'These are the four verticals of AI. In each of these verticals, we have a race between the US and China and at least in on two of these verticals, China’s clearly ahead of the US in AI implementation – the first of which is consumer AI and the second of which is the perception AI. I think the third vertical the business AI, we are ahead of them mostly because we have a lot of really high quality unstructured data. In the fourth vertical the autonomous AI. It’s a neck and neck race right now brewing between, the Googles and Teslas with self-driving cars and they’re on counterparts in China.'"

Excerpt from CGTN -- “'This whole kind of…fantasy about ‘we’ and ‘community’…it was just thrown in their faces. People have a sense of fairness: if the CEO suffers together with them, you know we all went under, you know you stuck with the troops, we all went under. He didn’t stick with the troops.'”

Excerpt from Business Insider -- "The Indian government has chosen to focus on ideological considerations rather than economic slowdown, American economist Nouriel Roubini said on Thursday."