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March 23, 2006



The other point around spend versus invest is that when you are spending to protect assets the supplies get longer, and they make growth more difficult. For this reason, there are very few big companies that do innovation well.

Also, I don't think McDonald's coffee is that bad. It certainly is not as good as Dunkin' Donuts, but if you are outside a major metro driving around it is likely to be your best bet.

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