The Best Investment Writing Volume 5: Brian Barish, Cambiar Investors – The Virus Plaguing Value
The Meb Faber Show - Better Investing
00:00
The Key Concepts of the Digital Age
As we have entered the digital age, physical assets have become less important to business success. The most successful companies in the digital age harness these forces to create monopoly like profits and market positions. Intangible assets such as brands, patents and technological nohow are well understood to be of greater importance in the modern world. When successful businesses are able to capture these intangibles, their success compounds until competitive pressure fades. And if you've made it this far, then you probably know the answer - don't buy into the vural bias outside your own industry.
Play episode from 13:41
Transcript
