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The money needs to invest in the direction of long term trends, not in outdated, obsolete historic assets.
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Even when expanded, however, they will prove far less expensive than obsolete conventional assets such as multi-billion dollar aircraft carrier groups.
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Although large retailers will own a lot of detailed information, many of the expensive assets they have built up may become obsolete especially as cheaper distribution channels such as the Internet gain ground.
ECONOMIST: Direct hit
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Telecom assets, such as MCI's, become obsolete in four years, but goodwill is an intangible asset that could (at the time) be written off over 40 years.
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