Experience Stern | News & Events

Excerpt from Forbes -- "Contrary to appearances, we can afford more and better education, ever more ample health care, adequate support of the indigent, and a growing abundance of pri-vate comforts and luxuries. That we cannot afford all of these is an illusion ... "

Excerpt from Bloomberg Businessweek -- "A few years ago I thought I had seen it all, having had this front-row seat to so much happening in business globally. But then I received a call that led to one of the most exciting days of my life. It was the New York Yankees calling. They wanted me to throw out the first pitch in the last game of the season. ... "

Excerpt from Institutional Investor -- “The year started off very well but REIT ETFs have all soured over the past month,” says Stijn Van Nieuwerburgh, Professor of Finance at NYU Stern and director for Stern’s Center for Real Estate Finance Research. “Markets have perceived a higher probability of a macroeconomic slowdown.”

NYU Stern Professor of Statistics Jeffrey Simonoff, Lan Ma Nygren of Rider University and Stern PhD student Nikolay Kulmatitskiy find that winning a major Tony Award increases the length of a production’s expected run by about 50 percent. Additionally, each major Tony nomination alone is associated with a roughly 30 percent longer expected show run.

Excerpt from The Guardian -- "When working-class people vote conservative, as most do in the US, they are not voting against their self-interest; they are voting for their moral interest."

Excerpt from The Washington Post -- "Silber relies on interviews and access to Volcker’s personal papers to tell the story of the Fed chairman’s political and economic battles under five presidents."

Excerpt from CNN -- "Marcin Kacperczyk, an Assistant Professor of Finance at NYU’s Stern School of Business, is not particularly surprised by the increased interest and investments in single malt Scotch whisky considering the timing. ... '2007 to 2010 were not good years for the markets in general, so it isn’t really surprising that these smaller markets are growing.'"

Excerpt from Broadway World -- "'Shows that have been nominated for major Tony awards but are still vulnerable to closing ... stand to potentially benefit from the awards show on June 10,' explained Professor Simonoff. 'Shows like Nice Work If You Can Get It or Once, which have each been nominated for five major Tonys, could potentially increase their expected run nearly 50 percent if they win all five awards.'"

Excerpt from Bloomberg -- "'A moonscape scenario, one where everything that is mobile leaves, is certainly one you can anticipate,' Michael Spence, a Nobel laureate in economics and professor at New York University’s Stern School of Business, said in an interview in Milan. 'The short-term scenario is one of chaos.'"

Excerpt from The Globe and Mail -- "Remember those seven words, they're the seven most deadly words in investing and valuation. They Must Know Something That I Don't. When the stock is at $640, [but] you come up with a value of $200. What's your rational side saying? Don't buy that stock, right? Then you hear this voice… they must know something that you don't...."

Excerpt from The Wall Street Journal -- "As the trend continues—as the huge financial conglomerates operate under continuous and rigorous scrutiny—they will become financial public utilities. Meanwhile, the crucial job of competitively allocating credit will be relegated to a shrinking portion of the financial markets."

Excerpt from Bloomberg TV -- "An IPO is two things. It's a branding event - this has not gone well. There's been a lot of second-guessing because of all of the negative stories because of the decline of the stock price. Now that the stock has shaved a third of its value, now every story is about second guessing Facebook's strategy."

Excerpt from CNBC -- "It's hard to predict the future but if we can look historically, over the last ten years, art has certainly outperformed the S&P."

Excerpt from Bloomberg -- "'I’m here hoping you won’t commit the same crime I committed, insider trading,' Bauer told the students at NYU’s Stern School of Business in February. 'I feel remorse. That’s why I’m here. It’s my way of trying to apologize to everyone for what I’ve done and try to make amends.'"

Excerpt from The New York Times -- "The most important single step toward a brighter future is to repair our economy as soon as possible. And one of the surest ways to do so is a large and immediate infrastructure refurbishment program."

Excerpt from New York Post -- "'Sean Egan has been ahead of the pack on a number of important calls,' said Lawrence J. White, professor of economics at NYU Stern School of Business. 'My sense is that he’s a straight-up guy. He’s not a charlatan. He’s a valuable entity to have in this space.'"

Excerpt from Harvard Business Review -- "'The social world for those possessing high status is an enviable place,' say the researchers, Nathan C. Pettit, of New York University, and Niro Sivanathan, of London Business School."

Excerpt from Reuters -- "'It is a very bad idea, purely symbolic,' said Xavier Gabaix, Professor of Finance at the Stern School of Business Finance in New York. 'There will be departures to the private sector. It will increase cocooning in the public sector.'"

Excerpt from Bloomberg Businessweek -- "New York University’s Stern School of Business announced on May 8 that it hired Jonathan Haidt, a psychology professor at the University of Virginia for 16 years, to join its faculty starting in the fall of 2012. ... Haidt will create a course at Stern called Ethical Systems Design."

Excerpt from Foreign Policy -- " ... as evidence of the differences in Asian perspectives, former Singapore Foreign Minister George Yeo took a much more relaxed position, arguing that more integration cannot be the answer for Europe and that it should perhaps not strive too hard to sustain what may well be unsustainable. ... this idea was quickly countered by Spence and others who emphasized that a collapse of the EU would have dire consequences for Asia and America because it is the biggest export market for both regions."

Excerpt from CBS News -- "Damodaran points out that the common theme among the three forms of value investing is that value firms (or firms out of favor with the market) can be good investments. He provides a highly readable analysis of each of the types of value investing."

Excerpt from BBC -- "I'm hopeful that people are not going to vote getting out of the euro because that would be a complete disaster for Greece, it would bring Greece to poverty ..."

Excerpt from Marketplace -- "It's not easy to make a room of stone-faced financial wonks erupt in laughter about the looming threat of a worldwide banking crisis, but Nobel Prize-winner Robert Engle pulled it off. Engle delivered a pre-lunch presentation on systemic risk at the NYU/Moody's Credit Risk Conference today."

Excerpt from Forbes -- "The [HKUST] runs the MBA program in partnership with the Kellogg School of Management in Evanston, Ill., and it has a partnership with NYU’s Stern School of Business for students who want to get a Master’s in global finance."

Excerpt from CNNMoney -- "Hedging carries a host of other risks, like a Lehman-like bankruptcy by a counter-party leaving the fund holding the bag, according to Roy Smith ... 'Diversification alone is no protection against tail risk,' said Brown. 'In a tail risk event, we all fall down together.'"