Investing in intellectual property

Více o knize

The concept of Intellectual Property (IP) is often lauded for safeguarding the rights of creators, yet it faces criticism for potentially undermining public interest through monopolistic practices. Many investors find the landscape of IP unclear, as much of the existing knowledge is rooted in philosophical, legal, or accounting frameworks. Institutional investors, like insurance companies and pension funds, encounter significant challenges in their investment decisions, especially with low long-term interest rates and pressures on solvency ratios. Consequently, they are diversifying into illiquid assets such as real estate, private equity, and infrastructure to protect their portfolios. Increasingly, IP is being integrated into Real Asset investment strategies. This book adopts an investment-focused lens to enhance understanding of IP. It aims to bridge the knowledge gap by addressing key questions: What constitutes Intellectual Property assets? How do these "creations of the mind" translate into financial returns? In what ways do these assets produce stable, long-duration cash flows? What are their return and risk profiles? These critical inquiries have often been overlooked, and this work seeks to clarify them.