2min chapter

Reflections on Buffett’s Famous Essay, ”How Inflation Swindles the Equity Investor”

This Week in Intelligent Investing

CHAPTER

The Most Valuable Intangibles Assets of All Time

The one theory is that corporate America's had this huge amount of earnings and value generated by fully depreciated assets. That's apparently enough to potentially offset the things that need to be replaced more quickly but then as to your point, Elliot, I'm sorry, this is so long winded. But what about intangibles right because you don't expense anything for the maintenance spending on intangibles? And it's a big number though and the problem is is that by the time you find out that you've been spending too little, it's way too late. Does that, does that all make sense?

00:00

Transcript

Episode notes

Speaker 1

Drama is at the center of the meek versus Drake battle. Yes.

Speaker 2

We have that Uzi I want to rock versus dreams and nightmares conversation that just came up recently.

Speaker 3

Which is crazy. But with context, now you kind

Speaker 1

of, now it's. Now it's even crazy. Honestly, look at that. This and go right back to the envy clip you played where you said, yo, we ain't talked. But you called me about the housing sheet. Meek is saying, yo, we ain't had the best relationship. I'm not on your album. But you're calling me to do your tiny desk with

Speaker 2

you. Tiny desk is a podcast.

Speaker 3

No, it's a live performance. It's a live performance.

Speaker 4

Live performance. Live performance. Never MTV unplugged. It's kind of like that. It's like, if we

Speaker 1

ain't really fucking with each other like that, why are you calling me? Got it.

Speaker 2

He also talked about Callie, too. Me tweeted about Callie as well. I'm not going to speak on Callie.

Speaker 1

But something, let me get me. He said, if they asked me, if I was at an interview and they asked me about you and Callie, I wouldn't say nothing. And I made millions of dollars with Callie. I just am not cut like that. I wouldn't do it. Then he

Speaker 3

said, drama, you really do know real charity and Philly. He just started going the way he went. He got it all off. He started going the way. And that's the thing. That's

Speaker 1

why I, back to the Twitter thing, meet going to let you know exactly what he's thinking and what he's feeling. All the way through. He's going to get it all off. And because I know that to be true about me, Paul, I

Speaker 3

was flagriffed.