More of the same is different
Intangible assets and the catataxic gap
The problem of intangible assets In 1988 Nestle bought Rowntree, the UK confectionary company famous for its fruit gums and jelly babies. It paid £2.5 bn which was three times more than the market thought it was worth. Nestle then had a big problem with its accounts. Traditionally, accountants would Read more…