2 ms·
I've invested in a few smallish ($200M to $2B) biotechs over the past decade or so. While I eventually got out with a small profit, I have sworn off ever invest
by hvdfhbj 6y ago
I've invested in a few smallish ($200M to $2B) biotechs over the past decade or so. While I eventually got out with a small profit, I have sworn off ever investing in one again.
Too much time and too many grey hairs from following the hope-and-disappointment cycle as you read the tea leaves from ambiguous trial results and FDA announcements.
- Balgair 6y agoAre there any specific instances that stand out to you that you can share?
- hvdfhbj 6y agoMesoblast. I won't bother to share the full story of all this company's ups and downs over the last decade but let's just say that the amount of time I spent tracking the news on it was far out of whack with its importance to my portfolio.
- Balgair 6y agoThanks for sharing! https://en.wikipedia.org/wiki/Mesoblast https://en.wikipedia.org/wiki/Mesoblast You're not kidding, they have been a roller-coaster!