"Three decades ago, factories, equipment and inventory made up over 80% of the stock market's value. As the U.S. has evolved from an industrial economy to a knowledge economy and into the information age, those tangible assets account for only 20% of the S&P 500's value. The other 80% is in intellectual property" http://www.metrics2.com/blog/2006/12/18/80_of_sp_500_value_is_intellectual_property_new_et.html ******************************************** Me, I like tangibles.
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