The Intangible Economy with Kai Wu explores the hidden forces reshaping the modern economy and their implications for investors. AI and the broader technology revolution are changing how we live, work, and create value. In each episode, Kai sits down with investors, researchers, and other experts to discuss how innovation and other intangible forces - such as brands, human capital, and network effects - are transforming markets and investment outcomes.
Latest episodes
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1 h 08
Rob Arnott on the Hidden Costs of Index Funds and the Real Winners From AI
Rob Arnott, founder of Research Affiliates and chairman of Syzygy Asset Management, examines S&P 500 concentration and who could benefit most from AI. Owning today’s market leaders…
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1 h 06
Alex Edmans on Market Psychology, Intangible Assets and Edges That Persist
Alex Edmans joins Kai Wu to explore behavioral finance, market inefficiencies, and why investors overlook intangible assets such as employee satisfaction, innovation, and brand str…
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57 min
Dan Rasmussen on Private Markets, Intangible Moats, and Where Value Still Works
Dan Rasmussen, founder and managing partner of Verdad Advisers and author of The Humble Investor, joins Kai Wu to examine the unraveling of private equity, the rise of private cred…
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1 h 14
Mapping the AI Economy: Value Capture, Adoption and Moats with Azeem Azhar
Azeem Azhar joins Kai Wu to break down the real economics of the AI boom, including the $110 billion demand base, where profits may accrue across chips, hosting, foundation models…
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1 h 08
Aswath Damodaran on SpaceX, AI and the Limits of Big Market Stories
Professor Aswath Damodaran joins The Intangible Economy to break down how to value SpaceX, AI companies, intangible assets, and the future of value investing.We discuss why big mar…
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1 h 16
What Past Capital Cycles Can Teach Us About AI with Edward Chancellor
Edward Chancellor joins Kai Wu to discuss what financial history and capital cycle theory can teach investors about today’s AI boom. They explore why transformative technologies ca…
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1 h 01
Michael Mauboussin: Base Rates, AI Adoption, and Investing in the Intangible Economy
This episode of The Intangible Economy explores how AI, intangible assets, and unprecedented capital investment are reshaping the future of markets. Michael Mauboussin joins Kai Wu…