Biotech Values

[vinmantoo]

RVNC

It's a grind for long term holders too, since you are missing returns over 5% in T-bills. When short term rates were close to zero it was a different matter.

Sure, for people who want smaller returns with no risk, but anyone with a reasonably long time line think having only a 5% return is minimal. Sure, have it as part of your portfolio but it isn't one or the other.

One other point to repeat is that CD rollout doesn't start until next year. I think that is part of the problem - people expected sales to start ramping.

Yes, a lot of people are very short-sighted and lack patience so only want immediate gains. I like those people because they help long-term investors like me.