[guiriduro]

> A lot of R&D is a waste.

If its speculative, then its either going to deliver a multiple of its investment, or just be a cost, but one that may be worth it to explore an opportunity. I doubt that R&D which proves no viable product is feasible, or no market exists, is more wasteful than allowing a business to wither on aging uncompetitive product lines for want of proper R&D.