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Biotech / Medical : 2012 Biotech Charity Contest
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From: Arthur Radley1/3/2013 2:25:28 PM
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Now as we enter what is becoming our annual January pissing contest about 'gaming' and 'knowing something' about biotech investing, I think that history has shown Rick's point about the January euphoria doesn't always last to December 31st. I'm reminded of the vagary involved in biotech investing, and as was recently cited by a biotech blogger who is leaving his current job to become associated with a biotech hedge fund.(Talk about timing! Guess he hasn't heard of buy on the rumor, sell on the news!)

"Let me leave you with a favorite quote of mine from Winston Churchill that I often think about when stressed about inexplicable stock movements, investors who smugly act as though they "know something," or fears of waning interest in the biotech sector. Churchill's statement has both nothing and everything to do with life as a fundamentals-oriented healthcare investor, and is a perfect reminder of what long-term investors should focus on. "The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is."

I will bet anyone a tall Starbucks that at the end of the year the leader of the contest at the end of next week will not be the leader come December 31, 2013! It will be only that date that --'there it is' matters!
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