Dante on tough clients + a dip into biotech investing

Dante Alighieri and his Divine Comedy. At the height of the Renaissance in Florence. Divine, indeed!

Here are edited snippets from a favorite blog: The Stock Gumshoe. One must subscribe and pay $$ to read, hence the anonymity. Well worth the investment, but don’t do what IFO did and jump in! Do what she SAYS, not what she DOES!

Dante said the hottest place in hell is reserved for those who couldn’t make up their minds and lacked all conviction.

Said a favorite poster, a very smart and popular doctor: “…many physicians slip into a mode of equating antibiotic resistance with virulence, and they have nothing to do with each other.”

This is shorthand for a belief about bacteria that are resistant to antibiotics, a phenomenon we have been reading quite a bit about lately. Many doctors think these bacteria are more aggressive and toxic than regular bacteria.

That this is not the case is a fact that has implications for drug developers and biotech investors.

And, finally, another good one, something IFO has dealt with from time to time:

I have a good friend who has had most of his substantial investable assets tied up in [anonymous stock] for the last 8 years or so—far more than the minuscule holding I acquired, initially inspired by his enthusiasm.

When I was visiting him earlier this summer, I tried to talk him into dumping the whole lot, or at least starting sell of portions, bit by bit, to free up funds for much better sourced ideas.

But sadly he felt he had to hold on just a bit longer, because it was finally just about to turn around…very soon….any day….. Very unfortunate for him, emotionally as well as financially, and all the more so given that he’s a very bright guy with a great heart, just an incredibly naive investor.

I will keep working on him to diversify and to see that, with (this company), there simply may be no light at the end of the tunnel. He is an old and dear friend.

So, you see, dear readers, we are not the only tough clients in this universe. Nothing to feel bad about, but plenty to work on to improve ourselves!

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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