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The social safety net took on tangible meaning during Allard's senior year of high school.
In a country where government deficits make capital scarce and interest rates high, the best firms rely on intellectual assets rather than on tangible ones.
That balance is such a personal choice and one that is dependent on tangible and intangible factors.
On one hand, scientists need to be able to lay-out visionary messages on tangible benefits for approval on resourcing from senior management.
Returns on tangible equity certainly will go down.
And so I'm very focused on tangible outcomes.
"Some portion needs to be spent on tangible assets".
Where possible, focus on tangible results to quantify your achievements.
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Amusing postscript: Merdian's own employer is one of the offenders in the cash-on-tangible racket.
That profligacy would have jacked up its cash-on-tangible return to 38%.
Bank of New York's good but not dazzling 25% return on equity balloons to 38% using the cash-on-tangible formula.
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CEO of Professional Science Editing for Scientists @ prosciediting.com