FYI - For Your Innovation

Has Innovation Bottomed? with Steven Vannelli

Listen Later

Here at ARK, the number one question we hear is: has innovation bottomed? Steven Vannelli is seeing signs that innovation may have hit the bottom and that there might be a significant turning point ahead. Steven is Founder and CEO of Knowledge Leaders Capital and Chief Investment Officer of the Knowledge Leaders Funds. There, he oversees investment strategy, asset allocation, and security selection, and leads development on the firm’s analysis of intangible capital, studying how it affects corporate profitability and wealth creation. According to Steven’s most recent Quarterly Strategy Report, global innovation appears to have bottomed, and in this episode, he breaks down what he means. We take a deep dive into the stats that suggest that innovation could be relatively undervalued from a historical perspective.

“[Intangible assets aren’t] all necessarily hardcore ones and zeros, bits and bytes. A lot of it is investments that companies make into their people or make into their processes.” — Steven Vannelli
Key Points From This Episode:
  • The motivation behind Knowledge Leaders and their unique focus on intangible assets.
  • Indications that innovation as a factor bottomed earlier in 2022, according to Steven.
  • Defining intangible assets and some examples that illustrate their value.
  • Understanding the relationship between present intellectual property and future earnings.
  • A look at the first quintile of the S&P 500 and what it means for innovation.
  • Where research and development spenders in the S&P 500 are concentrated.
  • Steven shares his view on how companies can benefit from capitalizing on R&D.
  • Indices that Steven uses as proxies for innovation.
  • The Bloomberg R&D Leaders Index versus the Goldman Sachs Non-profitable Tech Index.
  • A look at financial leverage based on reported data.
  • The potential merits of comparing the 2000s boom and bust cycle with innovation today.
  • Potential ramifications of the tech race between the U.S. and China.
  • How geopolitical risk can slow innovation.
    • ...more
    View all episodesView all episodes
    Download on the App Store
    FYI - For Your InnovationBy ARK Invest
    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    381 ratings

    More shows like FYI - For Your Innovation

    View all
    Masters in Business by Bloomberg

    Masters in Business

    2,177 Listeners

    a16z Podcast by Andreessen Horowitz

    a16z Podcast

    995 Listeners

    We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

    We Study Billionaires - The Investor’s Podcast Network

    3,373 Listeners

    Odd Lots by Bloomberg

    Odd Lots

    1,774 Listeners

    Unchained by Laura Shin

    Unchained

    1,206 Listeners

    The Meb Faber Show - Better Investing by The Idea Farm

    The Meb Faber Show - Better Investing

    930 Listeners

    Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

    Capital Allocators – Inside the Institutional Investment Industry

    805 Listeners

    The Pomp Podcast by Anthony Pompliano

    The Pomp Podcast

    1,834 Listeners

    Bankless by Bankless

    Bankless

    1,030 Listeners

    All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

    All-In with Chamath, Jason, Sacks & Friedberg

    8,760 Listeners

    The Memo by Howard Marks by Oaktree Capital Management

    The Memo by Howard Marks

    407 Listeners

    Supply Shock by Blockworks

    Supply Shock

    112 Listeners

    Business Breakdowns by Colossus | Investing & Business Podcasts

    Business Breakdowns

    335 Listeners

    Forward Guidance by Blockworks

    Forward Guidance

    272 Listeners

    BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

    BG2Pod with Brad Gerstner and Bill Gurley

    431 Listeners