Sunday, February 28, 2010 12:56:03 AM
and chooses to protect his catalyst does not meet your approval.
Why is his choice any less satisfactory than the way the Coca-Cola "secret" formula...
or the KFC "secret" recipe spices for chicken...
have been handled by those two very successful companies?
A patent is NOT the only way to safeguard a business process or product ingredient...
is there a reason JB should handle his catalyst through a patent?
Looks like it would not only tell compertitors what he is doing... and perhaps how... but could give them a hint about an alternative way of doing the same thing.
If nothing else, it starts the clock ticking on when his exclusivity runs out...
Coke and KFC seem to have their exclusivity of their "secrets" long after a patent would have expired.
Looks like good business on KFC's and Coke's part, huh?
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett
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