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Even 100 years ago, tangible assets have very little value without intangible assets to run them profitably. Worker knowledge, management, etc. I'm willing to
by OldHand2018 6y ago
Even 100 years ago, tangible assets have very little value without intangible assets to run them profitably. Worker knowledge, management, etc.
I'm willing to agree that determining the value of intangible assets is harder than it used to be.
But let's say you figure it out. Value investing is probably every bit as relevant as it was 50 years ago.