ASSET AND LIABILITY

Asset and liability are antagonistic but still both are integral part of one's life just like optimistic and pessimistic sides of a same individual...are assets and liabilities interconvertable? Yes they are, but it moreover depend upon situation to situation...might be a characteristic which is considered as an asset in a particular incident prove to be a liability in another case. It is just the matter of time and the way we interpret things. But, is it fair to put tag of asset or liability on things and characteristics? May be tagging help us in identifying which things are good for us and which ain't. But aren't we narrowing and limiting ourselves by just focusing and concentrating our efforts in preserving and maintaining assets rather than working on our liabilities to transform them into worthful ones, as I mentioned earlier both are interchangeable.................