Experience Stern | News & Events

Excerpt from Examiner.com -- "When a school teaching business breaks down the business of Broadway, the importance of arts making monies is brought to new light by our highly educated respected leaders."

Excerpt from The Economist -- "Rosa Abrantes-Metz of NYU’s Stern School of Business was one of a group of academics who, in 2009, raised the alarm that something fishy was going on with LIBOR. One simple change, she proposes, would be significantly to raise the number of banks in the panel. The theoretical changes needed to repair LIBOR are not difficult, but there are practical challenges to reform."

Excerpt from Crain's New York -- "A majority of New York City hospitals scored below the halfway mark in an August 2012 edition of Consumer Reports ranking more than 1,000 hospitals nationwide on patient safety. But the results can twist how hospital administrators prioritize improvements, said Heski Bar-Isaac, a professor of economics at the Rotman School of Management at the University of Toronto. 'If the rankings aren't counting absolutely everything, then they might be pushing investments and performance in certain directions,' he said."

Excerpt from Bloomberg -- "'Europe’s problem is that it’s running out of time,' he [Schoenholtz] said. 'The question isn’t whether it’s plausible to imagine a Hamiltonian solution. The question is whether it’s plausible to imagine one that can be organized in the time that monetary union has.'"

Excerpt from Chicago Tribune -- "In each instance, it seems reasonable to make a budgeting exception given the special nature of the spending and the low likelihood that a similar situation will recur any time soon," says the study in the Journal of Consumer Research. "Independently, each of the events described puts a temporary dent in a budget; together, they can have substantial consequences for long-term financial planning."

Excerpt from American Banker -- "'It looks like a free lunch until it isn't. And that's the whole essence of Fannie and Freddie,' White said. 'They were making mortgages a little less costly, and there was no apparent budgetary consequence. This was a politician's dream.'"

Excerpt from MSNBC -- "'A bank’s board can only defend you to the death for a short time,' Smith said. 'After that, the board will say it’s you or us, and so they’ll undercut you. Boards tends to get very skittish when their reputation is at risk.'"

Excerpt from Journal of Applied IT and Investment Management -- "Today’s global financial problems are probably as severe as those faced in the early 1930s. Time will tell. But the top tier of global financial institutions are far bigger than they were back then."

Excerpt from The New York Times -- "What’s important now is how the health care sector will evolve under the new framework. And here, there are grounds for optimism. While the effects of the court’s Medicaid restrictions aren’t entirely clear, the law will certainly extend coverage to tens of millions who now lack it."

Excerpt from The Japan Times -- "'What we have come to realize is that the world is changing too fast and that globalization means that no competitive advantage is sustainable in the long run,' [Wiesenfeld] said. 'We are now trying to teach organizations how to be ambidextrous, which in the context of innovation means to both cut costs and be efficient and deliver quality on one hand, and at the same time be constantly exploring and looking for new ideas and innovations on the other.'"

Excerpt from The Economist -- "Research led by Alexander Ljungqvist of New York University’s Stern School of Business has shown that VC firms in influential network positions perform better, as they have more opportunity to take part in syndications. The moral seems to be that investors should make friends easily, but not invest for friendship’s sake alone."

Excerpt from CFO Magazine -- "As Aswath Damodaran, professor of New York University defines it, the ERP is the 'extra return that investors collectively demand for investing their money in stocks instead of holding it in a riskless or close-to-riskless investment.'"

Excerpt from The Wall Street Journal -- "Nobody who engages in political argument, and who isn't a moron, hasn't had to recognize the fact that decent, honest, intelligent people can come to opposite conclusions on public issues. Jonathan Haidt, in an eye-opening and deceptively ambitious best seller, tells us why. The reason is evolution."

Excerpt from Forbes -- "Our updated bottom-up results through the end of 2011 are startling and highly indicative of the profound deterioration of all European nations in just one year, with Italy and France 'leading the way' down."

Excerpt from Bloomberg Businessweek -- "'Clearly, the bigger you get, the harder it is to generate alpha,' says Jim Liew, a professor of hedge fund strategies at New York University’s Stern School of Business."

Excerpt from Europe Central Bank -- "Without doubt, Lasse Pedersen has been one of the leading minds that have re-shaped our thinking about financial markets, as his contributions during the past decade have greatly improved our understanding of the driving forces behind systemic financial crises and the propagation of liquidity shocks across markets and throughout the economy."

Excerpt from Bloomberg TV -- "This isn't a great business but even to call it a split is somewhat generous to the print company. This is more like a shedding because if you look at the likely market cap of the print co it's probably going to be somewhere in the range of about 3 billion which is about half of what Rupert paid for just the Wall Street Journal a few years ago."

Excerpt from CNBC Squawk Box -- "Facebook knows more about people than anyone else. People have provided that data voluntarily so that's a tremendous resource that they can monetize."

Excerpt from Bloomberg TV -- "At some point the Germans are going to decide, do I take the credit risk of backstopping Italian and Spanish debt in exchange for some loss of national fiscal sovereignty by Italy and Spain in which case the Eurozone has a chance to survive or otherwise this thing may be dissolved in the next few months."

Excerpt from Bloomberg -- "'It’s been clear to the bigger banks that public policy is not looking favorably upon bigness,' said Lawrence White, an economics professor at New York University’s Stern School of Business. 'If they’re shrinking, that means they’re going to be doing less stuff, including making fewer loans.'"

Excerpt from The New Yorker -- "Jonathan Haidt, a professor of psychology at New York University’s business school, argues in a new book, 'The Righteous Mind,' that to understand human beings, and their politics, you need to understand that we are descended from ancestors who would not have survived if they hadn’t been very good at belonging to groups."

Excerpt from The New Yorker -- "[Sargent] doesn’t venture to make prescriptions for Europe. 'It seems a lot of the advice I see in the press is naïve,' he said. 'Many of the recommendations would require that institutions violate the rules and laws under which they were created and are run.' The European Central Bank is legally constrained in what it can do."

Excerpt from Reuters -- "In the 1980s, U.S. savings-and-loans were felled by such a rate squeeze, as well as risky investments they made, said Lawrence White, an economics professor at New York University's Stern School of Business and a former savings and loans regulator. Wells can hedge this risk and has a much more diversified balance sheet than the savings-and-loans had, White said."

Excerpt from CBS News -- "Recently, there have been several papers focusing on what is called "investor sentiment" -- the propensity of individuals to trade on "noise" and emotions rather than facts. ... Two researchers, Malcolm Baker and Jeffrey Wurgler, have constructed an investor sentiment index based on the six measures."

Excerpt from Forbes India -- "A key differentiator of Aral’s and Walker’s study is that it avoids known biases in current methods. The jargon for this is ‘Homophily bias’. ... 'Our method solves this problem and other estimation challenges using randomization,' says Aral."