Quote:
Originally Posted by jyl
But can partner with or be acquired by large cap company . . .
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Exactly. And I hear that is a big part of Buffet's interest in the large caps.
But there has to be more to it, given his long term focus. He must see a future in which small cap R partners with large cap D to get R&D, and/or distribution of future products, either vacines or other pharma products.
Walgreen-Boots, etc. are getting Amazon'ed. The 4 pharmas he bought should be unaffected, since it is the furthest downstream co.s that are hit - retail distribution.