Amongst professional value investors – or at least the ones that have survived to this day – it is by now well-known that traditional value measures like price/book-ratios have become less informative for future performance.
Ah - really cool. I do wonder what the correlation of an intangible asset portfolio is to that of a tech heavy portfolio. Confounding variables at play here...
There certainly is an element of confounding variables here, but if you read the full note, you see that that is not all. Outside of tech stocks, there is also the effect.
Ah - really cool. I do wonder what the correlation of an intangible asset portfolio is to that of a tech heavy portfolio. Confounding variables at play here...
There certainly is an element of confounding variables here, but if you read the full note, you see that that is not all. Outside of tech stocks, there is also the effect.