Show from 11/20/20
Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel talk market news at the top of the show discussing the rise in coronavirus cases, reopening the economy, Judy Shelton, the Fed, and more. Then New York University Stern School of Business Professor Baruch Lev joins the show to explain what he calls the "end of accounting." He says financial reports are largely irrelevant now because of the change from physical assets to intangible assets like R&D or IT. Today, the total corporate investment in intangible assets is $2.5 trillion and physicals assets only equal half of this. Find out how this affects earnings reports.
Baruch Lev - Philip Bardes Professor of Accounting and Finance at New York University Stern School of Business.
For more on Baruch's research visit his faculty page: https://www.stern.nyu.edu/faculty/bio/baruch-lev
Check out his book "The End of Accounting and the Path Forward for Investors and Managers": https://www.amazon.com/Accounting-Forward-Investors-Managers-Finance/dp/1119191092
Matt Wagner - Senior Analyst at WisdomTree
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