More Details On Patenting A Mutual Fund
from the hopefully-this-goes-nowhere dept
Last month, we wrote about a troublesome attempt to patent the method of creating a mutual fund. Now it appears that more details are coming out, and it remains rather ridiculous. The guy uses a method based on judging a company's sales, cash flow, book value, and dividends -- which is basically the four key things that pretty much any stock picker is going to look at. Basically, this guy has come up with a method to pick stocks that has been working okay for him (though, there are some questions as to how well it really works), and now he wants to prevent anyone else from being able to pick stocks in the same way. Luckily, his first attempt at a patent was rejected, but that hasn't stopped him from pushing forward with a second attempt to get the patent.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Filed Under: mutual fund, patents
Reader Comments
Subscribe: RSS
View by: Time | Thread
Hey.. now here's a novel idea...
I can use bigger words to minimize the obviousness ...
[ link to this | view in chronology ]
The process involves spending less than you earn.
I will soon be asking everyone who saves money to license my method.
I am just a little guy trying to make a profit from my invention, but I'm sure that the big evil corporations will steal my idea and not pay me what is rightfully mine.
[ link to this | view in chronology ]
[ link to this | view in chronology ]
Patenting Process
[ link to this | view in chronology ]
Re: Patenting Process
[ link to this | view in chronology ]
Re: Re: Patenting Process
that's a good one, never had heard of it before
thx
[ link to this | view in chronology ]
Re: Patenting Process
[ link to this | view in chronology ]
Re: Patenting Process
Being in a brand new suit with nice marketing buzz words makes no difference at all. Nor does it matter if the patent applicant is Microsoft or some broker trying to patent a method of making a mutual fund based on things people in his business have been doing for decades.
I understand that in the law the placement of a comma or semi colon can make all the difference. In the real world it doesn't.
Even in the law common sense is supposed to play a role. Unless it's someone who makes his living off some of this silliness.
ttfn
John
[ link to this | view in chronology ]
Re: Re: Patenting Process
[ link to this | view in chronology ]