I invested in a biotech company that cured cancer. I lost all my money.
I invested in a biotech hedge fund. I lost most of my money.
I invested in Gilead, which sort of invented and repurposed the stuff (remdesivir) they pumped into Trump. Gilead went down.
Here’s this year:
I’m not stupid. Someone’s got to be making money off biotech, other than insider-trading Senators.
One answer is Pfizer’s partner — BioNTech SE, German biotechnology company that develops and makes active immunotherapies for patient-specific approaches to the treatment of diseases. (That bit stolen from Wikipedia.)
Here’s Harry’s biotech chart: It shows Moderna, Pfizer, Gilead, and BNTX. And for comparison ETSY. It’s amazing how poorly all our amazing pharmas have done — even Moderna and Gilead. But BNTX… that’s done as well this year as ETSY.
In short, I’m off biotech and pharma.
Part of my investment philosophy is shying away from certain fields — like those with uneven returns. Like biotech and pharma.
If you want to learn more about profits in the pharma business, read a Matt Taibbi article in the latest Rolling Stone:
Big Pharma’s Covid-19 Profiteers
How the race to develop treatments and a vaccine will create a historic windfall for the industry — and everyone else will pay the price
Taibbi’s piece is long and fascinating. Click here.
The promise of LED lights
+ They last forever. They cost zippo to run. That’s the promise.
+ The actuality is they blow out. And the light they shine is often too bright white.
The good news is they’re getting better, warmer, more reliable and much cheaper.
Key: Buy 2700K bulbs. They are warm white. These 60 watt replacements from Amazon are great. I’ve installed all four and they’re great.
Click here.
I bought these track heads to brighten my office.
They’re bright white — 4000K. They fit my office’s lighting track. All four of them cost only $61.33. Amazon has run out of them. But they have other models by the same manufacturer — click here. What’s neat is that the LED bulbs are an integral part of the fixture. You can’t replace them. That makes the whole light more reliable.
My first time ever! I’m not buying a new headphone.
Here it is — the new Apple AirPods Max.
From the press release, “AirPods Max combine a custom acoustic design, H1 chips, and advanced software to power computational audio for a breakthrough listening experience with Adaptive EQ, Active Noise Cancellation, Transparency mode, and spatial audio.”
To do the noise cancellation, it has nine microphones.
Apple refers to these headphones as “a perfect balance of exhilarating high-fidelity audio and effortless magic. The ultimate personal listening experience is here.”
And so it should be for $549, which I’m guessing won’t bend the needle for Apple’s earnings.
I wonder when I’ll ever need echo cancellation again. The only noise in my country quarantine office these days is Rosie’s barking when she spies yet another deer. Sample:
This is totally stupid, but wonderful
More cartoons to ponder on
Does anyone have an intelligent kid?
Does anyone’s kid know Visual Basic and some elementary Windows registry hacking? I need a little help, please. For money, too. I’ll pay. Harry at HarryNewton.com
Getting into sunsets
The leaves fell, and revealed gorgeous sunsets. It’s dropped under 32. It’s snowing. Pretty.
I love marketing
I don’t make this up. I couldn’t. This thing is marketed as “The Perfect Bed To Ease Your Dogs’ Anxiety.”
It clearly works, though Rosie’s snoring might even stress out Apple’s AirPods Max.
For your $29.99 Furry Bed, click here.
I updated our list of stocks we like and own. It’s in the right hand column on the blog.
See you tomorrow. — Harry Newton
