Knowledge Leaders

Spotlight: Inside Prada’s Knowledge Workshop September 11, 2018

Posted by Knowledge Leaders Team in Knowledge Leaders

For decades, the fashion industry has tried to explain the elusive magic of the Prada brand. “Some designers are seekers of trends, but Prada actually is the trend, season after season,” the New York Times Magazine wrote. And this summer, when Jeff Goldblum appeared on…

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A New Super Factor: the Investment Case for Knowledge August 14, 2018

Posted by Bryce Coward, CFA in Knowledge Leaders

We’re pleased to share a new white paper on the market anomaly that rose above value, size, quality, low volatility and momentum factors. Written by Bryce Coward, CFA, the study details the results of first market test of the Knowledge Effect, the tendency of highly innovative companies to deliver excess…

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Who Reads Financial Reports? Nobody! August 01, 2018

Posted by Baruch Lev in Guest Author, Knowledge Leaders

For several years I have argued, based on comprehensive statistical evidence, that corporate financial reports―quarterly and annual statements―have lost most of their relevance and usefulness to investors. Corporate earnings, in particular, are no longer a reliable measure of enterprise value change, nor are they indicators…

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Spotlight: Diageo, Toasting New Continents of Consumers June 04, 2018

Posted by Knowledge Leaders Team in Knowledge Leaders

If you don’t know the name Diageo, that’s because Diageo wants it that way. This Knowledge Leader would prefer you to know the names Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray and Guinness, the group it calls its “Global Giants,” representing 41% of the firm’s…

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Spotlight: Why iRobot’s Robots Are Cleaning Up May 14, 2018

Posted by Knowledge Leaders Team in Knowledge Leaders

A common asset possessed by every highly innovative company in the Knowledge Leaders Indexes is a rich store of intangible capital. Such reservoirs of knowledge take the form of trademarks, brands, software, even manufacturing processes, and there is only one way to amass them: over…

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The Unbearable Lightness of Earnings April 17, 2018

Posted by Baruch Lev in Knowledge Leaders, News

Baruch Lev is the Philip Bardes Professor of Accounting and Finance at the Stern School of Business, NYU. This article first appeared at the Lev End Of Accounting Blog and is shared here with his permission. Today’s Wall Street Journal published an article that caught my attention: “Next Up: The…

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