I disagree strongly because I’ve made investments in the same industry I work in (biotech). Despite having domain knowledge, there are too many factors still o

I disagree strongly because I’ve made investments in the same industry I work in (biotech). Despite having domain knowledge, there are too many factors still out of your control. For example, the science could look great, big addressable market, then some safety issue pops up and the drug is pulled. Or the government changes the rules. Or the FDA does. So while domain knowledge gives you a leg up, you go from 1/100 like an average Joe to like 5/100, in terms of accurately predicting outcomes.