Hagstrom And Mauboussin Fireside Chat: The Shift To Intangibles And The Rise Of AI

At the Value Invest New York conference, a fireside chat between two notable figures in the investment world, Robert Hagstrom and Michael Mauboussin, offered profound insights into the current and future state of investing. This article delves into the key points of their discussion, exploring the evolving landscape of value investing, the increasing importance of intangible assets, the role of artificial intelligence (AI), and the changing dynamics of market demographics. Total Shareholder Returns and Market Trends Mauboussin highlighted the importance of understanding total shareholder returns in relation to sales, margins, and net income. He pointed out a notable trend over…