Invisible, yet Invaluable: Valuing Intangibles in the Birkenstock IPO!
Musings on Markets
OCTOBER 6, 2023
While I have seen claims that intangibles now account for sixty, seventy or even ninety percent of value, I take these contentions with a grain of salt, since the definition of "intangible" is elastic, and some stretch it to breaking point, and the measures of value used are questionable.
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