Horror writer Stephen King’s decision to publish his latest novel, The Plant, only on the Internet at $l chapter, has disturbing implications for investors, says UK’s Investors Chronicle. It shows that in the new economy, many firm’s assets are less secure than they believe.
In the old economy, firm’s assets were fixed in plant and machinery, but today they increasingly consist of brand loyalty and ideas.
Not only are these assets intangible but they may belong to employees or suppliers rather than the company itself. In King’s case, he has brand loyalty, and not his previous publisher.
The lesson for investors is not to avoid the new economy stocks, but to satisfy themselves whether the growth options priced into them are really owned by the company at all.
Why leaders need empathy during difficult times
Guest Contributor
October 2, 2024
In the current economic climate many employees are worried about their income and job security which can fuel workplace anxiety that leads to wellbeing and productivity issues. Sarah Bills writes that
