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Knudstorp’s finding was shocking. His analysis revealed that with the exception of 1998, the LEGO Group had steadily produced accounting profits from 1993 to 2002, yet the company had lost some $1.6 billion of economic value over the same period. In other words, the company’s owners would have been better off investing in no-risk, low-return government bonds than in LEGO. By backing LEGO, they had depleted their family fortune at the rate of almost half a million dollars per day, every day, for ten years.

Fascinating read on how doing everything right according to the innovation books, almost drove LEGO bankrupt.

Amazon.com – Brick by Brick: How LEGO Rewrote the Rules of Innovation and Conquered the Global Toy Industry

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