Dear Reader, Did you know most of world’s most sold and profitable products are a combination of pre-existing products? Take the Thomas Edison’s lightbulb. It was a combination of a heated filament, a vacuum and a glass envelope. According to The Economist: ‘None of these things was novel in the 1870s, but in Edison’s hands the combination became a patentable invention.’ Edison built a $12 million (the equivalent of $176 million today!) fortune by the time of his death thanks in large part to this invention. Or there’s an even simpler case…the rubber-tipped pencil. Entrepreneur Joseph Reckendorfer bought the patent for this invention in 1858 for $100,000 (about US$3 million today). According to The New York Times, by the 1920s, almost all pencils sold in America included erasers. Reckendorfer made a monstrous fortune. Well, right now, there’s another ‘combination invention’ that looks like it could unleash a potential firestorm of fortunes from this practice. It involves two pre-existing products. But they are being combined in way that could quite literally revolutionise the way you and I move around the planet. And you can take advantage right now by making a few moves on the Australian stock market. Hurry though…by 31 October, this window could close. Find out why, along with all the details, right here. Cheers, | | Callum Newman, Editor, The Daily Reckoning Australia |
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