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Podcast: Excess Returns
Episode: Monopolies, Intangible Assets and the Disruptive Economy with Kai Wu
Description: Our economy is changing. The largest, most successful companies in the world no longer require substantial tangible assets to operate their businesses. The businesses that are disrupting our world and wielding monopolistic power aren't powered by plants and factories. Instead their value lies in things like brands and technology and the value of their networks.
This new world has challenged many traditional beliefs about investing. Everything from how we define value to how we look at growth has changed. More traditional methods are now being supplemented by things like alternative data and machine learning.
In thi...