The Meb Faber Show
Welcome to The Meb Faber Show, where the focus is on helping you grow and preserve your wealth. Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser. Better investing starts here.
Kai Wu, Sparkline Capital – Investing in Innovation, Intangible Value, & Web3 | #411
Today’s guest is Kai Wu, founder and CIO of Sparkline Capital, an investment management firm applying state-of-the-art machine learning and computing to uncover alpha in large, unstructured data sets. In today’s episode, we’re talking about two topics that are important for investors to understand in 2022 – intangibles and innovation. Kai shares how he uses machine learning to track things like brand equity, human capital, network effects, and IP to measure the intangible value of each firm (and how he implements this through his ETF, ITAN). Then he shares why his research leads him to believe value is not dead.
Key Points
- Kai Wu uses machine learning to track and measure the intangible value of firms, focusing on elements like brand equity, human capital, network effects, and intellectual property.
- His research suggests that value investing is not dead but requires adapting traditional metrics to account for intangible assets that are now critical in the information age.
- Kai's approach to investing in innovation involves identifying companies with exposure to trending technologies while being mindful of their valuations to avoid overpriced, speculative stocks.
Chapters
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Transcript
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