Still positive about the American economy...? I'm not. I don't think
Buffet and Soros are either. Something you might want to be aware of.
Encouraging, eh?
Thank you Yale. Thank you for unlea****ng the dumbest bunch of
unscrupulous cocksuckers that ever infested our government. You
Buffett, Soros: Betting on Biotech, 'End of the World' Plays
Posted Apr 17, 2008 11:46am EDT by Aaron Task in Biotech and Clean
Tech, Newsmakers, Banking
Related: GSK, SNY, MAPP, SVNT, JNJ, GENZ, BRK-B
Warren Buffett is the world's richest man and George Soros is hardly a
pauper -- having earned nearly $3 billion just last year, according to
Alpha magazine.
Aside from immense wealth, these two legendary investors have at least
one other thing in common: Both are making big bets on healthcare
technologies, specifically those involving vaccines, says James
Altucher, managing director of Formula Capital and columnist for The
FT and Street.com.
Altucher, who literally wrote the book on Buffett's trading, says the
"Oracle of Omaha" is actually more focused on demographics than
classic valuation metrics, contrary to popular mythology. What Buffett
and Soros both see is a world with aging populations in the developing
world, greater demand for vaccines in the emerging markets, and the
potential for pandemic diseases that threaten all of humanity.
Rather than fearing the worst-case scenarios, these billionaires are
making big bets on them via investments in names like Glaxosmithkline,
Sanofi-Aventis, Johnson & Johnson, MAP Pharmaceuticals, Savient
Pharmaceuticals, and others.
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