The Accounting Blind Spot
Why financial reporting systematically undervalues long-term institutional assets. What we can't measure, we can't manage—and we can't protect.
The 60-Second Version
Standard accounting sees costs but not the assets they create. This systematic blindness drives decisions that destroy institutional value.
When an institution invests in knowledge, relationships, resilience, or optionality, accounting treats it as expense—something to minimise. The intangible assets created are invisible to financial reporting.
This creates a systematic bias toward decisions that look good on paper but destroy real value. Cost-cutting that eliminates institutional memory. Efficiency drives that create fragility. Restructuring that severs relationship networks.
Until we can see long-term institutional assets, we will systematically destroy them.