Experience Stern | News & Events

Excerpt from CNBC -- "'The market's not big enough,' said NYU Stern Professor Aswath Damodaran. He specializes in valuations and doesn't see the Watch having a significant impact on the $660 billion company."

Excerpt from Bloomberg -- "In the decade starting 1945, U.S. benchmark yields averaged about 2.46 percent, according to 'A History of Interest Rates' by Sidney Homer and Richard Sylla."

Excerpt from Daily Mail -- "People who are 29, 39, 49 or 59 are more likely to cheat and make life-changing decisions as they approach a milestone birthday, a study published in November revealed... Lead author Adam Alter, from New York University, said: ‘People audit the meaningfulness of their lives as they approach a new decade.'"

Excerpt from Harvard Business Review -- "In an environment of geopolitical creative destruction, you will see much more global volatility in the markets. As a result, the quality of returns on investment and the quality of global growth is actually going down. This means that in order to achieve the same amount of growth as in the past, you will have to take on more risk."

Excerpt from Credit Union Times -- "A disciplined growth mindset applies to all levels of an organization, even transforming nations. In his recent book, 'Turnaround', Peter Blair Henry, Dean of New York University’s Stern School of Business, tells how through discipline, China, Mexico and Brazil, considered third world countries just decades ago, have lifted millions out of poverty."

Excerpt from PolitiFact -- "Only a small number of the derivatives deals could be considered 'incredibly risky,' [Figlewski] told us, noting that because of other Dodd-Frank provisions, derivatives have become considerably less risky. And while it is true that taxpayers bear some risk, given that the government guarantees banks as a whole, the risk to taxpayers 'is much less than (Pocan) wants you to think,' Figlewski said."

Excerpt from The New York Times -- "Arun Sundararajan, a professor at the Stern School of Business at N.Y.U., who researches the digital sharing economy, said social media platforms like Facebook and LinkedIn, and tools that verify one’s real-life identity, now allow us to vouch for a person’s credibility and good intentions. Trust can be cultivated even in high-stakes situations like 'letting a stranger into your bedroom,' he said, or in the case of long-distance ride-sharing programs like carpooling­.com, 'letting a stranger drive you to a strange city.'"

Excerpt from The Washington Post -- "Political parties have always represented classes, regions and industries with diverging interests, which must negotiate to find win-win compromises. But when you look at these trends together, you see that the parties have come to represent not just diverging material interests but different kinds of people with different moral values and ways of living. As these divisions have intensified, Americans have come to hate the other party and its members more and more."

Excerpt from CNBC -- "This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash. Our research shows that after a rocky first decade, which earned China's stock market a reputation as a casino, stock prices in China predict future profits as well as they do in the U.S. Moreover, this predictive power is highly correlated with China's corporate investment efficiency, suggesting that stock prices are teaching corporate managers important lessons as well."

Excerpt from Pacific Standard -- "For their most recent paper, Tinsley and her team conducted four separate studies... the research appears to have exposed something of a self-fulfilling prophecy, in that women with high gender determinism channel themselves into lower-paying jobs."

Excerpt from Bloomberg -- "I think Coach is a fantastic brand, and it's been counted out and rumors of its death have been greatly exaggerated... Michael Kors and Kate Spade have sucked all the oxygen out of the room because they've done a great job, but look for Coach to come back. I like this acquisition... A lot of great specialty retail brands were built on the back of shoes. Jimmy Choo, Christian Louboutin. Kenneth Cole originally started out as a shoe guy. So they get great domain expertise here. It says it's an accretive acquisition. It sounds like a win."

Excerpt from Forbes -- "Haidt says problems that are 'tame problems' can be solved by experts. These are problems like: How can we prevent Cholera? They are 'definable, understandable and consensual.' Scientists can converge on a solution. But problems that are 'wicked problems' cannot be solved by experts. These are problems like poverty, racism and education. Our approach to these problems is 'shaped by moral and political values,' he says, and that is true even of the experts."

Excerpt from TIME -- "In 2015, political conflict among the world’s great powers is in play more than at any time since the end of the Cold War. U.S. relations with Russia are now fully broken. China’s powerful President Xi Jinping is creating a new economy, and the effects will be felt across East Asia and the rest of the world. Geopolitical uncertainty has Turkey, the Gulf Arab states, Brazil and India hedging their bets."

Excerpt from Business Today -- "It would be a folly to advocate more (or less) globalisation without a clear understanding of how globalised India really is today. We answer that question here based on the results of our DHL Global Connectedness Index 2014, which measures the globalisation levels of 140 countries. It factors in hard data related to trade, capital, information, and people flows."

Excerpt from Economic Times -- "As dean, Menon works with three core principles for the undergraduate college — academic excellence and innovation; glocal (global plus local) perspective, increasing opportunities for students to participate in the academic, cultural and professional communities of NYC; and a vibrant Stern community, working through students, alumni, parents, corporate partners and employers. Under her watch, applications to the undergraduate college have reached an all-time high."

Excerpt from The New York Times -- "Stereotypes flourish in ignorance. Liberal and conservative perceptions of one another can be ignorant and patronizing because they have so little personal experience of one another. Intriguingly, research by the social psychologists Jesse Graham, Brian A. Nozek and Jonathan Haidt has shown that liberals exhibit the least accurate perception of those with opposing political views."

Excerpt from Marketplace -- "'Grocery is the largest consumer category in the world,' [Galloway] says. 'It’s this unique combination of being the biggest consumer category in the world and also the most digitally inept, which all spells opportunity.'"

Excerpt from The New York Times -- "'I do think they’re at a critical moment,' said Thomas F. Cooley, an economics professor at the Stern School of Business at New York University. 'There has got to be some attempt on the part of the E.C.B. to stimulate the economy. They are the only ones capable of doing the heavy lifting.'"

Excerpt from mbaMission -- "[Carr] served formerly as the executive director of the Berkley Center for Entrepreneurship & Innovation and has quickly garnered a reputation as one of the school’s most respected marketing experts, featured by such major news outlets as NBC and the New York Times. Carr is president of Marketing Foundations Inc. and has worked on projects for Booz Allen Hamilton, IBM, General Electric, Pfizer, Kodak, Time Inc., and Unilever."

Excerpt from Economic Times -- "'Surge pricing is a way of balancing supply and demand,' agreed Arun Sundararajan, a professor at the Stern School of Business at New York University, whose research is focused on digital economics."

Excerpt from CCTV -- "'You’ve got a captive audience. We love that in the advertising industry because the folks are there, waiting for something to happen. The ball to drop, the countdown, there’s entertainment,' said Al Lieberman, director of entertainment, media and technology at New York University’s Stern School of Business."

Excerpt from Inc. -- "'Today we are focused on technology, and there is so much fascination about the latest major innovations,' says Richard Sylla, a professor of economic and financial history at New York University's Stern School of Business. 'And our fascination with technology today borders on the fascination with energy in the 1970s and 1980s.'"

Excerpt from Project Syndicate -- "Recent technological advances have three biases: They tend to be capital-intensive (thus favoring those who already have financial resources); skill-intensive (thus favoring those who already have a high level of technical proficiency); and labor-saving (thus reducing the total number of unskilled and semi-skilled jobs in the economy). The risk is that robotics and automation will displace workers in blue-collar manufacturing jobs before the dust of the Third Industrial Revolution settles."

Excerpt from The Times of India -- "'I believe that markets often get the macro trend right but get over-optimistic about the micro trends. There'll be a day of reckoning, where investors will start demanding results and start re-pricing these companies. There'll be a shaking out of the sector and the wheat will be separated from the chaff,' says Aswath Damodaran, professor of finance at the Stern School of Business at New York University."

Excerpt from American Banker -- "Tom Cooley, professor of economics at New York University's Leonard Stern School of Business, said the idea of investigating asset management is not necessarily wrong on its face. But he said the FSOC's approach opened it up to criticism and made the council look weak. 'That was just kind of wrongheaded in the way you think about asset managers,' Cooley said. 'They kind of got it wrong and kind of jumped the gun, and [it] got a lot of people who don't like Dodd-Frank to jump down their throats.'"