Intangible Assets
topic on 3 shows · 5 statements across 4 episodes
Acquired 
Capital Allocators 
20VC
5 statements about Intangible Assets, every show
Klarman: 'Margin of Safety' failed to understand the value of intangible assets
“There are some things in it I wouldn't write today. Some things I think are just wrong. I didn't really do a good job on understanding the value of intangible assets, for example.”
Mauboussin: Corporate capital allocation has shifted predominantly to intangible assets
“We've had in the last few decades, a huge rise in intangible investment, right? So companies used to invest in factories and machines and inventory, old fashioned stuff. And the accounting for that was a certain way. Now companies are investing mostly in intan…”
Mauboussin: Intangible-Asset Businesses Produce Much Fatter Outcome Tails
“So if you think about, you know, sort of the tails pushing out the tails relative to traditional businesses, that's the way I think the way I think about it, there are more extreme good things and more extreme bad things than what we had witnessed in the past.”
Intangible assets now drive 85% of S&P 500 value
“85% of the value of the S&P 500 is now driven by intangible assets, according to some studies, up from about 20, 25% of a few decades ago.”