Sorry my friend...ya would have to pay me a lot to listen to that again. Parents still here. But Dad insists on going under the Jeep tomorrow on his home lifts...told em not to. Just take the thing in to get the engine light checked. But he won’t have it. They great people. Better than me. But then so is my son....so it averages to a win over the generations. Lem
No, the BB's didn't make their billions from options - they buy big positions in promising biotechs and hold them for a long time, or until situations change, like their dumping 29B of AMRN series A converts after Du's decision plus sold another 6.5M shrs of common they owned. They have raked in billions from by owning companies that got BO, like AVNR, which I mentioned the other day - they were the largest shareholders in that stock by far, but they've made much more money on a dollar basis in other BO's. They've also made tons of money with great stock picks like SGEN and BGNE - in 2019 they had cap gains of $1.9M in just two weeks with those two, and holy crap, they've turned $14B into $26.5B in just the last year and a half! (no help from AMRN):
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