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The responsibilities of ownership

Jul 23, 2011, 09:00 (7 Talkback[s])

"Any asset comes with attendant costs, risks and responsibilities. And anybody who doesn't take those seriously is a poor steward of the asset.

In the physical world, we know this very well. If you own a house, there are taxes to pay every year, there will be some bills for energy and maintenance, and there's paperwork to fill out. I was rudely reminded of this when I got an SMS at 2am this morning, care of British Gas, helpfully reminding me to settle up the gas bill for a tenant of mine. If we fail to take care of these responsibilities, we're at risk of having the asset degraded or taken away from our care. An abandoned building will eventually be condemned and demolished rather than staying around as a health hazard. A car which has not been tested and licensed cannot legally be driven on public roads. In short, ownership comes with a certain amount of work, and that work has to be handled well."

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