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A real asset is a tangible investment that has an intrinsic value due to its substance and physical properties. Commodities, real estate, equipment, and natural resources are all types of real assets.Real assets tend to be more stable but less liquid than financial assets.
As intrinsic-value investors, we consider all important corporate assets when assessing a business's durability and long-term earnings power. In today's world, intangible assets are often foundational elements of intrinsic value.
Intangible personal property is property that has no intrinsic value but is merely representative or evidence of value.
Intangible personal property is anything with no obvious and assigned value and can't be physically held. Examples include copyrights, patents, intellectual property, investments, digital assets, along with anything that has image, social, or reputational capital.
Intangible property is property that does not derive its value from physical attributes. Patents, software, trademarks and license are examples of intangible property. On the other hand, business furniture and equipment are examples of tangible personal property.