Biotech Values

[DewDiligence]

>>From each of your perspectives, what's the best book or article on investing that you've read, one that has helped you properly evaluate and value stocks and their prospects?<<

Thanks for your comments, vieuxblue. My favorite biotech book is The Billion Dollar Molecule, by Barry Werth, which is the story of the first decade or so at Vertex Pharmaceuticals. It’s not an investing book per se, but it’s a worthwhile read if for no other reason than to show how tough it is to develop a new drug.

For general investing, I’ve read many books but have found few of any value. I put most of them down before finishing.

For entertainment and some educational value, I like Sold Short, by Manual Asensio, which is about profiting from scams by selling short.

I just received a gift book called Financial Shenanigans, How to Detect Accounting Gimmicks & Fraud in Financial Reports, by Howard Schilit. From the title, it sounds like my cup of tea.

Although I’m not a big fan of investment books, I read like a madman to stay current and occasionally get a good investment tip. Regular reading material includes Forbes, Fortune, The Economist, Business Week, Technology Review, Wall Street Journal, Barron’s, NY Times, Boston Globe, and zillions of press releases!

>>I've got to improve my record! During the past four years I've been able to earn about 10% per year from my investing, and I think I can do better.<<

Averaging +10% per year for 2001-2004 is not too shabby. A lot of investors are minus during that period. Regards, Dew