Why is knowing about intellectual property important for normal investors? A patent gives you a specific right in a given country. It give the right of exclusivity to sell the item or device, build the device, or import it into the country. A great name, they offer something exclusive, or a company that works hard and offers an excellent product or service. A patent can be placed on any one of these things to bring something unique to an investor. Dr. Daniel Goldstein also explains the complications of patents in other countries, how somebody gets a patent, and the difference between trade secret and patent rights. For more information, visit the show notes at http://moneytreepodcast.com/221