Journey Medical (US:DERM) Seeking Alphaยท2025-01-30 14:18Core Insights - The article emphasizes the importance of recognizing intangible assets in investment analysis, particularly in the context of technological advancements and their impact on market dynamics [2]. Group 1: Investment Philosophy - The investment approach focuses on identifying hidden value and potential in intangible assets, especially through R&D efforts [2]. - The author believes that the current technological revolution, particularly in hardware, is significant and compares it to the commercialization of the Internet [2]. Group 2: Market Trends - The article suggests that there is no current AI bubble, indicating a stable environment for investment in technology [2]. - NVIDIA is highlighted as a central player in the ongoing hardware revolution, which is expected to drive future growth [2]. Group 3: Historical Context - The author references historical technological revolutions funded by visionary investors, which have led to increased prosperity [2]. - The influence of Baruch Lev's work on the recognition of intangible assets and George Soros's insights on market bubbles is noted as shaping the author's investment perspective [2].