Mental Models for the Next Market Decade: Rethinking Value in an Era of Intangibles

In his latest piece for "The Future of Investing," Andy Hamer explores why traditional valuation metrics often fail to identify tomorrow's market winners. The article examines how investors can evolve their mental models to properly value companies in an economy dominated by intangibles, network effects, and optionality. While market narratives shift with each news cycle, Hamer argues that the fundamental principle of value—present value of future cash flows—remains constant, though its application requires new frameworks. Read his full analysis on rethinking valuation for the next market decade. Read the full article (here).