Intangible Value Investing Using AI + NLP with Kai Wu of Sparkline Capital | S07 E32

In this episode of Value After Hours, Tobias Carlisle and Jake Taylor interview Kai Wu of Sparkline Capital about his approach to value investing, particularly focusing on the significance of intangible assets like intellectual property, brand equity, human capital, and network effects. Kai discusses how traditional accounting methods often undervalue companies with substantial intangible assets and shares his methodology for quantifying these assets using alternative data sources and machine learning. The conversation explores the implications of intangible investment on earnings, the shift from asset-light to capital-intensive business models, and the dominance of large-cap companies. They also touch on Kai's research on crypto factors and the impact of trade wars on multinational corporations.