[jyl]

I don’t recall if I mentioned, I spent ten years investing in biotech companies with early stage drugs. I was very good at it, if I do say so. Lots of promising anectodal and observational data, positive animal and in vitro data, great looking data from small randomized trials, enthusiastic management teams talking up their drugs and the scientific rationale, all the same stuff we’re seeing with the various drugs being pitched for Covid.

The hard truth is that none of that means diddly, 95% of drugs with all of those attributes still crashed and burned when the real data came in. And those stocks went down -80% so to succeed in that sort of investing you have to be very disciplined and not get carried away by enthusiasm and desire.

It is kind of appalling to see alleged Covid treatments get pitched from the biggest soapboxes in the world by people who in some cases have less than zero knowledge or experience and wouldn’t last a year investing real money in this kind of minefield.

Read every piece of data on HCQ and other Covid drug candidates with the most skeptical eyes you can possibly muster. 95% of them don’t work.