Authors Kai Wu

7 days 30 days All time Recent Popular
June's research paper: Intangible Value โœจ

Can value investing strategies be improved by adding intangible assets?
๐Ÿ‘พ The Asset-Light Economy
๐Ÿ”ฎ The Dark Matter of Finance
๐Ÿฐ Intangible Moats
๐Ÿ“‰ The Disruption of Value
๐Ÿ‘จโ€๐ŸŽ“ Fixing the "Value Factor"

(Not investment advice)


(0/10) Full paper here ๐Ÿ“˜


(1/10) The Asset-Light Economy ๐Ÿ‘พ

โ€œThe four largest companies today by market value do not need any net tangible assets. They are not like AT&T, GM, or Exxon Mobil, requiring lots of capital to produce earnings. We have become an asset-light economy."

- Warren Buffett

(2/10) The End of Accounting ๐Ÿงฎ

โ€œThe constant rise in the importance of intangibles in companiesโ€™ performance and value creation, yet suppressed by accounting and reporting practices, renders financial information increasingly irrelevant.โ€

- Baruch Lev and Feng Gu

(3/10) The Dark Matter of Finance ๐Ÿ”ฎ

While intangible matter holds the financial universe together, it is not visible to the naked eye. Unstructured data contains info on intangibles but is large, noisy, and resistant to standard statistical analysis.