Topic: How To Invest

What is Pat’s commentary for the week of November 30, 2021

Article Excerpt

Dear Inner Circle Member, You may draw a blank when you hear the term “poka yoke,” but it’s a good bet that you run into examples of it every day. The term was coined in the 1960s by a worker in a Japanese Toyota plant. A poka yoke is a feature of a manufactured product that aims to prevent using the product in a costly, harmful or dangerous way. For instance, you have to shut the door of a microwave oven if you want to heat anything. Otherwise, you might start a fire. You have to put your car in the park or neutral gear to start the engine. Otherwise, you might slam into the wall of your garage, or hit a pedestrian who happened to be walking by. Poka yokes have come a long way since the 1960s. Today your car may sound an alarm if you start to go off the road, or fail to buckle your seat belt when in…