The following video is part of our "Motley Fool Conversations" series, in which Motley Fool financial editors Andrew Tonner and Austin Smith discuss their favorite stocks.

In today's edition, Andrew and Austin give their thoughts on the patent yard sale that's been happening lately. Companies are trying to leverage their intellectual property in different ways -- some are trying to sell them for marked-up prices, others are bringing them to court hoping for a big win, and others are just wishing to get bought out by the biggest fish in the pond. Ultimately, investors should be careful about any company whose future is leveraged on patents because there is no way of telling where the chips may fall.  

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.