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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 […]

Every curve isn’t a hockey stick – and how to manage that

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When people ask how things are going with Toca Boca, I’ve lately started to say that we are growing up. We’ve passed the phase where we were looking for immediate market fit and are now going through what all companies do when they grow – communication and organization. You know, everyday company stuff. It creeps up on you from behind and suddenly you’ve gone from being a small company to a bigger company, on a […]