Chocolate Secrets from Inside Mars
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 27 October 2020
⏱️ 4 minutes
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| 0:00.0 | With the Motleyville money extra, I'm Chris Hill. |
| 0:09.5 | With Halloween coming up, let's talk about the business of candy. |
| 0:13.0 | Specifically Mars, the company behind M&Ms, and some of the most popular chocolate bars |
| 0:18.3 | in the world. |
| 0:20.0 | Started by the Mars family in 1911, it's one of the biggest private companies in America, |
| 0:25.7 | as well as one of the most secretive. |
| 0:28.9 | One of the few people to get inside is Joelle Glenn Brenner. |
| 0:32.7 | At the time, she was a reporter for The Washington Post, and when we talked in 2017, I asked her |
| 0:38.6 | where the company's culture of secrecy comes from. |
| 0:42.5 | Was it simply handed down from the original founders, or is it seen as a critical business |
| 0:47.5 | advantage? |
| 0:48.5 | The secrecy is a very interesting thing. |
| 0:51.0 | First of all, I don't think many of your listeners know that the story of Willy Wonka, |
| 0:57.1 | the Rale Dahl original story, was based on the stories that he read in England about |
| 1:05.5 | the competition between Cadbury and Roundtree. |
| 1:09.8 | And his parody of the candy business as being this incredibly secretive, strange, eccentric |
| 1:18.2 | world was based in truth. |
| 1:23.4 | And there is a history within this industry, and you'll understand it really quickly when |
| 1:30.0 | I explain. |
| 1:31.5 | The ingredients in the products, they're not a secret, right? |
| 1:35.2 | I mean, everybody knows what's in M&M, what's in a Milky Way, what's in a Mars bar. |
| 1:41.4 | If you can't patent or somehow protect intellectual property with your products, what can you |
... |
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