Steve and Bryce describe our process for correcting the obstruction created by current accounting standards. We track down innovation investments in company financial statements, reverse the error, and create a new intangible-adjusted financial history that we use to screen for the Knowledge Leaders that form…
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The nature of corporate investing has changed, with a greater than ever focus on intellectual property. In this video, Steve and Bryce describe how an outdated accounting rule renders these investments practically invisible, making it difficult to tell the difference between the Knowledge Leaders who…
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The digital revolution has changed the economics of every industry in every region of the world, creating a growth engine for the last half century and inadvertently, a market anomaly by which highly innovative companies tend to deliver excess returns in the stock market. This…
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Switzerland’s Richemont was founded in 1988, after being spun off from the Rembrandt Group by Johann Rupert, who remains chairman today. The luxury products group’s 25 “maisons” or houses, are united in the firm’s quest for creativity, innovation and excellence. In addition to luxury brands…
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LVMH Moët Hennessy Louis Vuitton is a leading global luxury brands group. Made up of 75 product “maisons,” or houses, including wine and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and other retail including Paris department store Le Bon Marché, the…
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The Christian Dior Group was founded in 1946 by Christian Dior, who started his haute couture brand in a Paris townhouse where the company still has its headquarters. Since then, the company has purchased LVMH and a long list of luxury brands to form the…
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Pronounced “D-N-A,” this Knowledge Leader was founded in 1999 by three Tokyo entrepreneurs seeking to establish an online auction site. Today the company operates a broad range of mobile and online services including online shopping, mobile auctions, social networks and game platforms. DeNA attributes the…
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Based in Daytona Beach, Florida, TopBuild is the No. 1 installer of insulation to the U.S. residential construction business, and today the firm is at work in more than 40 percent of new housing starts. Until 2015, TopBuild operated as a subsidiary of Masco, with…
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Now branded as LP Building Solutions, the company formerly known as Louisiana-Pacific is a global leader of engineered wood products for building homes. Its biggest and fastest-growing product lines are called SmartSide and Oriented Strand Board, both panels for siding and sheathing in new home…
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Headquartered in Melbourne, Australia, BHP is the world’s No. 1 mining company. Formed in the mid-1800s from two small mining companies, BHP is the result of a merger between Broken Hill Properties (BHP), which began as a silver, lead and zinc mine in Broken Hill,…
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