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Indeed, Minitel's pay-for-service system may yet prove to be its most valuable and lasting asset.
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Stocks are very long lasting assets.
Frydman and Goldberg believe that long-lasting asset swings are inherent in how assets markets allocate capital.
One of the great challenges for believers in mechanical markets is what the pair call "long-lasting asset swings" and what we often loosely and promiscuously characterize as bubbles.
But a business vehicle designed to finance caravans traversing the Arabian Peninsula proved ill suited to building long-lasting assets, such as factories and railways.
Administration officials said they plan to borrow only to cover capital expenses -- the building of long-lasting physical assets like buildings and roads -- a common fiscal practice.
"A sharp or long-lasting correction in asset prices in China is one of the risk factors which could result in lower G20 growth than in our baseline forecasts".
But art has also become an asset with an intrinsic and lasting value.
These changes are profound and will have a lasting effect on both the venture capital asset class as well as today's start-ups.
Fighting to control assets will have a deep and lasting impact on India's economy.
"Selling an asset creates a one-time revenue source, which has little lasting impact on sustaining city services for years to come," said Bill Nowling, a spokesman for Mr. Orr.
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CEO of Professional Science Editing for Scientists @ prosciediting.com