Press
Source:
The Wall Street Journal
Eye-popping yields mask paltry returns from these funds
“If you wait long enough, in the parlance of Wall Street, you get your face ripped off."
“If you wait long enough, in the parlance of Wall Street, you get your face ripped off."
Andrew Lo proposed a $30bn cancer “megafund” a decade ago to combine drug testing projects to diversify risk.
The decision to license or sell a drug depends on profitability, strategic mission, and whether a company “believes” in the science of a drug.
"If you combine multiple diseases into a single financial portfolio, all of a sudden the risk-reward trade off becomes more attractive."