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Michael Mauboussin On Valuing Intangible Assets

Odd Lots

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Valuing Tech Giants: Intangible Assets Unpacked

This chapter explores the valuation frameworks for major technology companies, particularly focusing on FANG stocks and Microsoft. It emphasizes the significant impact of adjusting financial metrics for intangible assets and R&D expenditures on investment decisions. The discussion highlights the complexities of valuing brand equity and customer acquisition, showcasing examples from various companies to recalibrate investors' understanding of asset value.

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