Question: Why are toy businesses such bad businesses? Inventory?
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Replying to @SuperMugatu
I've run a toy business for over 10 years, profitable for over 7. They're not bad businesses if you're in the right one. Is Lego a bad business? Mattel and Hasbro are going through tough times as they transition from brick-and-mortar to e-commerce, but their core is strong.pic.twitter.com/pT4buc1heS
2 replies 0 retweets 16 likes -
Replying to @Molson_Hart @SuperMugatu
Is it true that Lego didn't patent the plastic.. i.e. it's a secret recipe? I've used some knock-off Lego with my kids and it's crap.. doesn't join and separate the same way. Could a big chuck of the Lego value be in the cornered resource of the plastic chemistry?

2 replies 0 retweets 0 likes -
Replying to @CraigBonthron @SuperMugatu
They patented it. The patents are expired. Any quality issues you see now are just a function of manufacturing and trade secrets. There's nothing special about what Lego does today manufacturing wise though.
3 replies 0 retweets 1 like
Today, I mean.
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