Panel Discussion Featuring Joseph Steinburg (Leucadia) and Bill Ackman (Pershing Square)

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Aug 09, 2011
"A record turnout of 300 students, faculty, and members of the Polytechnic Institute of NYU community filled Pfizer Auditorium on April 20 to hear Myron Scholes speak as part of the Lynford Lecture Series, which is generously funded by Jeffrey Lynford. Now in its 13th year, the series brings a prominent thinker to campus annually. Scholes, a world-renowned economist and Nobel laureate, is co-originator of the Black-Scholes option-pricing model, the conceptual framework widely used to determine the value of derivatives. The lecture covered various points, but focused on Scholes’s belief in intermediation, which relies heavily on computationally intensive models, as the only sustainable business model. The presentation was followed by a panel discussion featuring Joseph Steinberg, president of Leucadia National Corporation (LUK, Financial) and an NYU-Poly trustee, and William Ackman, founder and CEO of Pershing Square Capital Management LP, a hedge fund. Professor Charles Tapeiro, chair of the Department of Finance and Risk Engineering (FRE) at NYU-Poly, joined the two finance practitioners, and together the trio engaged in a lively discussion with Scholes." Here is the video:

2011 Lynford Lecture with Professor Myron Scholes - Finance and Computer Intensive Models from NYU-Poly on Vimeo.