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Strategies & Market Trends : Value Investing
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To: Walter in HK who wrote (6679)4/11/1999 1:14:00 AM
From: Michael Burry  Read Replies (2) of 78594
 
OT: Personally, I think investing in MO and Loews is more ethical
and socially responsible than investing in Laser Vision. There is a small percentage of patients for whom Excimer is warranted, but on the whole, as a physician, I abhor the commercialization of the procedure, and feel it is the worst form of hypocrisy on the part of the ophthalmologists who perform it. I am sure the stock will do well, but only because of an eager, unknowing patient base, and financially-motivated physicians who will use asymmetric information to foist their services on the public.

This opinion steps on some very big toes both in the public and in medical circles,where power follows money. And I don't want to make this thread the theater for this particular debate.

Mike
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