Kai Wu, Sparkline Capital – Investing in Innovation, Intangible Value, & Web3 | #411

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 4 May 2022

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. Finally, we talk about his most recent paper about investing in innovation, a popular investment theme that’s under scrutiny as of late. Kai shares why he believes the current drawdown is not driven by pure innovation but by a selloff in expensive unprofitable stocks. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser. Better
0:17.4	investing starts here.
0:19.4	Meeth Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.4	Didn't industry regulations, he will not discuss any of Cambra's funds on this podcast.
0:27.1	All opinions expressed by podcast participants are solely their own opinions and do not reflect the
0:30.8	opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit cambria Investments.com.
0:36.4	What's up my friends?
0:40.5	We have a really fun show for you today.
0:42.4	Our guest is KaiWu, founder and
0:44.4	CIO of Sparkline Capital. In today's episode, we're talking about two topics that are
0:49.3	important for investors to understand in 2022, intangibles and innovation.
0:55.0	Ka shares how he uses machine learning to track things like brand equity, human
0:59.2	capital, network effects, and IP to measure the intangible value of each firm.
1:04.0	Then he shares why his research leads him to believe that value is not dead.
1:08.0	Finally, we talk about his most recent paper about investing in innovation.
1:11.6	I love this paper. A popular investment theme
1:14.4	that's under scrutiny as of late. Tai shares why he believes the current drawdown
1:18.1	is not driven by pure innovation but by a sell-off an expensive unprofitable stocks.
1:24.0	Now before we get to the episode, a favorite ask.
	...

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