Theriva Biologics Inc (TOVX): Youlie, The best thing you can learn at...

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Re: Youlie post# 5849

Tuesday, 07/14/2015 10:01:58 AM

Tuesday, July 14, 2015 10:01:58 AM

Youlie, The best thing you can learn at 23 is threefold: patience, diversification and humility.

On patience, biotech is the sector most fraught with delays. The companies have to carefully develop their IP.

You have a whole life time ahead of you and - if you don't risk what you can't afford to lose - you can bet the farm. What IMHO is most important is establishing your own safety net of savings sufficient to live on for a year. What you do invest should be diversified over at least 4 or 5 stocks, to spread out your risk.

Lastly, if you make a killing your first or second time out, let's say in SYN, you start to think you are the greatest. One word: don't. Continue to learn from others, preferably doing only things your grandmother wouldn't mind reading in the newspaper.

My 2 cents.

All I say is IMHO and not to be construed as investment advice. I know nothing, as informed frequently by my wife.

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