what are tangible assets that sweat?
Tangible assets are simply things we can touch and feel, things we can see and count. These investments include things like buildings, timber, cash, certain machinery, land, vineyards and other unique assets. Industries that are not going away and that are in no danger of the next generation of competitors making them obsolete. Contrast this with the most exciting and best-loved investments of the boom years. Companies like AOL, Lucent, JDS Uniphase and a host of others that carried billions of dollars in intangible assets on their books – such as “capitalized software development costs” or “goodwill,” among others. These assets were on the books because accounting conventions required it, not because they represented value that could be sold or accessed in any direct way. Most of these assets were subsequently written down, leading to billions of dollars in losses for those companies and their shareholders as well. Tangible assets seldom lose value like that. Most of the time an asset
