Dimensional Fund Advisors Challenges Impact of Intangibles

The video explores the concept of intangibles, distinguishing between externally acquired and internally developed ones. It discusses their impact on equity premiums and the challenges of incorporating them into quant investing. The growth of externally acquired intangibles is highlighted, while internally developed ones remain steady. Effective portfolio management strategies are emphasized to capture value premiums. The role of intangibles during economic cycles is also examined.

What are the implications of the findings on quant investing strategies?

What is the significance of portfolio design and management in capturing premiums?

How have the percentages of internal and external intangibles changed over time according to the text?