You are, of course, very familiar with financial balance sheets and how they relate to on-going activities (think P&L) and concrete outcomes (cash). Likewise, you know about the category of intangibles, i.e. assets you cannot touch, see or count easily such as software…

It is not surprising, that with so much going on in the news at the moment, we tend to stay focused on coping with the short term disruptions we are faced with: a second wave of Covid, the messy economic environment and the unpredictable implications of Brexit…