Money, Money, Money (and Investing) (2015)

Re:Money, Money, Money (and Investing) (2015) by refurb on Saturday December 24, 2022 @10:52PM (#34124059)

I disagree strongly because I’ve made investments in the same industry I work in (biotech).

Despite having domain knowledge, there are too many factors still out of your control.

For example, the science could look great, big addressable market, then some safety issue pops up and the drug is pulled.

Or the government changes the rules.

Or the FDA does.

So while domain knowledge gives you a leg up, you go from 1/100 like an average Joe to like 5/100, in terms of accurately predicting outcomes.

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Re:Money, Money, Money (and Investing) (2015) by monero-xmr on Saturday December 24, 2022 @11:11PM (#34124170)

I think avoiding industries where the government has arbitrary and capricious power is wise. But even in biotech you can use insight.

[ Parent | on HN ]