Experience Stern | News & Events

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.'"

Excerpt from CNBC -- "It is very difficult for [the euro] to exist without institutions ... we need to create the right institutions in Europe and then there will be stability."

Excerpt from Bernácer Prize -- "The 2011 Bernácer Prize has been awarded to Prof. Lasse H. Pedersen (Stern School of Business, NYU) for his original research contributions on how the interaction between market liquidity risk and funding liquidity risk can create liquidity spiral and systemic financial crisis."

On May 30, NYU Stern’s Center for Real Estate Finance Research and Salomon Center for the Study of Financial Institutions and the NYU Pollack Center for Law & Business co-hosted a housing-finance reform roundtable with The Clearing House and Mayer Brown LLP. The roundtable, titled, “The Challenge of Introducing Private Capital into the Housing-Finance Marketplace,” focused on the future of residential mortgage finance.

Excerpt from Discover Magazine -- "Another cue that triggers deeper thinking is a feeling of fluency in processing, or an impressionistic sense of how easy or difficult it is to process certain information. If it feels hard, this is a signal to switch to slower thinking. For example, in a study led by Adam Alter, subjects had to answer math problems ... "

Excerpt from Strategy + Business -- "The author’s take on corporate social responsibility (CSR) is particularly insightful. ... Lev argues that firms should undertake CSR initiatives only if the initiatives can provide a unique contribution on the basis of the firm’s capabilities."

Excerpt from MSNBC -- "Anindya Ghose, an associate professor of management at New York University’s Stern School of Business, reckons RIM needs a new, visionary leader to help the company pull out of its tailspin. 'To put it bluntly, they need someone like Steve Jobs,' he said."

Excerpt from Financial Times -- "Russian membership in western organisations is not exactly yielding positive results. The G7+1 cannot become a G8 until Russia begins to act like a mature free-market democracy."

Excerpt from CNBC -- "'Good immigration policy can be used selectively as a way to get newer and hard to find IT capabilities,' contends Sundararajan. 'It won't solve the entire shortage, but you can hire higher quality IT workers globally.'"

Excerpt from NPR -- "People who think it's isolating cite research that links Facebook to loneliness and depression. But in a case study from [Anindya Ghose at] New York University, people who posted on an internal blog at one company actually sparked conversation and increased productivity."