Sublime
An inspiration engine for ideas
That one is the fact that as technology and information play a bigger role in business and our lives, labor becomes less necessary
Howard Marks • Howard Marks Memo - The Winds of Change
Luminita Enache and Anup Srivastava, professors of accounting, developed a technique to measure intangible investments.10 They separate reported operating expenses into two groups. The first is intangible investments that include R&D and advertising. The second is selling, general, and administrative (SG&A) expenses exclud... See more
Morgan Stanley • Market-Expected Return on Investment Bridging Accounting and Valuation
won’t hit at least its base-case projections. If our analysis shows more risk than that, I’ll move on.
Brad Jacobs • How to Make a Few Billion Dollars
What Happens When the US is Just Another Country?
youtube.comAmong the good signs:
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
higher growth rate
Scott Kupor • Secrets of Sand Hill Road
Often, companies are underestimated because people believe the market isn't large enough, and the execution will have risks (e.g. Crowdstrike). So how does that translate into the valuation I can pay today? If you have a fundamentally different belief about the size of the market then you believe that the company will be able to address more custom... See more