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To: techreports who wrote (48994)11/16/2001 3:01:03 PM
From: Thomas Mercer-Hursh  Respond to of 54805
 
what does roulette have to do with investing in biotech?

It may not be as bad as roulette ... except that with roulette one at least does delude oneself in thinking it is anything but chance ... but with all the uncertainty of whether a particular idea that a company is persuing will ever turn into a product, whether that product will be approved, whether if approved it will become popular, and all of the legislative uncertainty about the whole sector, it certainly isn't a realm where one could ever think one had anything like a sure bet!



To: techreports who wrote (48994)11/16/2001 3:22:19 PM
From: Seeker of Truth  Respond to of 54805
 
You seem shocked but yes I consider investing in biotech similar to roulette. I'm sure a doctor like Apollo can give you lots more data but I already summarized it with the contrast between physics at one end and biology at the other end.