Chief Investment Strategist, The Freeport Society
Can a stock priced at 100 times earnings be “cheap?”
Old-school value investing says no.
Of course, old-school value investing techniques were developed a century ago, in a world where wealth was generated largely from capital spending on hard, tangible assets.
Today’s leading companies – think the Magnificent 7: Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and Meta Platforms (META) – are mostly capital-light, infinitely-scalable, money-printing machines.
Their tangible assets are little more than the office furniture and easily replaceable hardware.
It’s their intangible assets – their intellectual capital, branding, and network effects – that matter.
But in a world of multi-trillion-dollar valuations, is there still value to be found?
To answer that, I sat down with Kai Wu, the Founder of Sparkline Capital and the manager of the U.S. Intangible Asset ETF (ITAN) and the International Intangible Value ETF (DTAN).
Kai worked side by side with Jeremy Grantham, a living legend among value investors and one of my heroes in the industry.
Today Kai’s using AI tools to quantify intangible assets that traditional value investing simply can’t capture.
His models told him Nvidia was cheap in 2021, when it was trading at 100 times earnings and traditional value managers wouldn’t touch it.
We know what happened next…
The stock went on to create trillions of dollars in value for its investors.
So, where is the value today? Watch our interview to find out.
Beyond finding value today, there is another opportunity ahead.
On September 30, President Donald Trump could spark $7 trillion of institutional buying.
If you’ve been paying attention, you know President Trump has promised us a “boom like no other” – and he’s pulling out all the stops to make it happen. From tariffs to tax cuts to historic Executive Orders, the first six months of his presidency have been a frenzy of unprecedented stimulus.
Investors who position themselves correctly before September 30 could profit handsomely. Specifically, there are five companies that could experience a historic run.
Click here to watch Freeport Society Cofounder Louis Navellier’s urgent briefing to learn how to access these names and get his favorite stock pick – absolutely free.
To life, liberty, and the pursuit of wealth.