Biotech Values

[Biowatch]

I bought a T-bill paying 15.9% interest in 1981. I would have done well with a 30-year note.

Started buying stocks in 1982 when the Dow Jones Index was at 820. (Yes, only three digits.)

In the late ‘70’s, buying material goods ASAP that you wanted was wise, because if you waited, inflation would crank up the cost.

Very different times.

I’ve wondered if inflation fueled the “materialistic” culture that people blamed on the baby boomers. Putting cash in a bank with minuscule interest rates seemed worthless.

Then again, my current bank savings account pays me a whopping 0.1% interest. Hmm…