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DewDiligence

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DewDiligence

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Re: None

Friday, 05/21/2010 6:02:27 PM

Friday, May 21, 2010 6:02:27 PM

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ABT’s acquisition of an Indian drug company today (for what seemed on a cursory inspection to be a steep price) is a textbook play on The Global Demographic Tailwind. Here are some references:

#msg-50436738 ABT PR announcing the acquisition
#msg-50438863 Factoids on the Indian drug market
#msg-50473238 India’s fake drugs are a real problem

The third entry above is a must-read, IMO.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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