>> Per Doc Bones, feel 10x is more likely. <<
No question, an unreasonable objective. But, it got us thinking "leverage".
Given some chatter on other threads..... one way to achieve good results in biotech investing is to find solid science, backed by patents, at a discount to their intrinsic value. IMO, that's the best way to invest in biotech, and it's certainly the most fun. Add to the fun by finding solid BIG science, backed by IP, at a discount. Then add a taste for leverage, a discounted potential for success on top of success, and you're off for a romp.
And, as always, one company won't do. One must find a collection -- a basket -- of such suckers. Make sure that none of the components have a "Dave and Sam show", but the method does allow for profit in the face of big mistakes.
Cash rich, cash poor, yada, yada. |
