What is goodwill?

Huge goodwill write offs by companies are very bad news for investors. Tim Bennett explains what goodwill is and how the directors can use it to pull the wool over your eyes.

Huge goodwill write offs by companies are very bad news for investors. Tim Bennett explains what goodwill is and how the directors can use it to pull the wool over your eyes.

See also MoneyWeek's Financial glossary.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.