Jacob breaks down what intangible assets are - from intellectual property and proprietary algorithms to brand value and customer relationships - and explains how these harder-to-measure assets are changing traditional investment approaches. He discusses Bridgeway's pioneering research on "intangible intensity" and how it affects their investment strategy, particularly for high vs. low intangible companies.

Key topics covered:

How intangible assets complicate traditional valuation metrics

Why sentiment analysis matters more for high-intangible companies

The implications of AI for intangible asset valuation

Bridgeway's approach to long-short investing

International investing opportunities and market efficiency

The importance of understanding model assumptions and staying humble as an investor

Whether you're interested in quantitative investing, understanding modern valuation frameworks, or keeping up with evolving market dynamics, this conversation offers valuable insights into how one of the industry's leading firms approaches these challenges.

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