Assets are probably the least understood part of financial statements.  Like I’ve mentioned before, I have a lot of education about finances and also work as a full time finance professional.  But even after all that technical education, I still did not have a fundamental common sense understanding of them. Firstly, standard, technical definitions of assets all orbit around the concept of how much an asset can be sold for.  The normal understand that most people have of them is that they are the big tangible things you own such as house, real estate, car, art work, tools, etc.  Both are correct …ish. The definition that I use is more nuanced than those.  I think that assets are on a scale between ...

Read More »