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Biotech / Medical : Biotech Valuation

CRSP 55.08

-2.9%

Dec 26 9:30 AM EST

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To: Biomaven who wrote (42394)	10/30/2014 12:07:30 PM
From: oldberkeley	Read Replies (2) of 52153

Peter- True-believer syndrome is one of my lifelong interests and one of the personal filters through which I read all internet message boards. Hoffer’s 1951 classic about the psychological roots of fanatical groups and Keene’s 1976 book about psychics and other pseudo-scientific nonsense are still good reads. Both considered the syndrome a type of cognitive disorder, and it’s prominently on display on many small biotech message boards. Some easily recognized symptoms/behaviors: 1. Belief in something even if there's overwhelming evidence that it’s false. 2. Belief that they're in a special group who is in sole possession of the Truth. 3. Hostility, aggression, anger if this Truth is questioned. 3. The rest of the world, the Others, are in a conspiracy against them. 4. If you deny the existence of this conspiracy, you're part of it. There's a great quote from Jefferson: "It is as useless to argue with those who have renounced the use of reason as to administer medication to the dead." :-) -Gary

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