Replies to post #174440 on Biotech Values

[biomaven0]

>>I use that pov myself.

I try my hardest not do. My cost basis has nothing to do with whether the stock is currently a good investment or not (except of course for tax planning purposes). A stock where you are playing with "house money" is no more or less risky than one where you have a loss or are even. The only difference is emotional.

Peter

[DewDiligence]

I use that pov myself.

I don’t actually think that way about any current position, whether biotech or otherwise; I was merely replying to Dave’s question about whether I was “riding on house money.”