Capitalized intangible assets as a proportion of total assets doubled from 1994 to 2018, while R&D expenses increased 50% as a proportion of total revenue, but SG&A expenses remained relatively stable over the period.
factualpending
Speaker
Jacob PizorEvidence Quote
“with with the capitalized and tangible intensity um from 1994 to T to 2018 um that measurement as a proportion of assets actually um doubled um so it was a substantial increase [10:56]”
Source
Redefining Value Investing in a Magnificent Seven Dominated World | Jacob Pozharny— Excess ReturnsCreated: 8/11/2026, 7:46:05 AM
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