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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Index Investing
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Author: earslookin ✶x2  😊 😞
Number: of 293 
Subject: Re: S&P500 valuations
Date: 02/14/23 11:38 AM
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Could you please give an example of intangible investments?

Sure.

Pfizer had 89 active projects as of February 2022 for research and
development of drugs. These projects can take as much as 10 years
before getting to market. Some of them will never make it to market.
The expense associated with these projects will appear on the income
statement even though any benefits won't be realized for many years,
if at all. These development activities are intangible -- they're not
physical like a factory or store.

Ears
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This community has written 289 posts about Index Investing. The article-length ones it recommended most:
S&P500 valuations · 31 recs · 2023
S&P500 sales growth & multiple · 22 recs · 2025
Software equal weight - XSW · 12 recs · 2025
Welcome! · 4 recs · 2022
Shrewd Sam vs No-risk Ned · 2 recs · 2024
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