Kai Wu - Mining Unstructured Data for the Intangible (S5E6)
Flirting with Models
Are Intangible Factors a Risk Factor?
Are these intangible factors ik a risk premium, a risk factor? Or they a mis pricing, like an alpha? And i think the explanation is a bit of both. I put my ten million box into cancer research and it doesn't pan out well, that's most likely going to be worth zero. Same with some of the other intangibles. Nit may be it's the case that these things are overlooked, or perhaps un appreciated by the market.
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