The value of intangible assets

This stat is striking but seems intuitive given where and how value gets created today.

… and 61% of the market value of the s&p 500 sits in intangibles such as research and development (r&d), customers linked by network effects, brands and data. 

And thus, the skills that matter as CEO:

What, then, does it take to be a corporate leader in the 2020s? Every firm is different, but those hiring a ceo, or aspiring to be one, should prize a few qualities. Mastering the tricky, creative and more collaborative game of allocating intangible capital is essential. 

From the Economist – What it Takes to be a CEO in the 2020s