“or two or three. They're either going to die if it fails…” — Capital Allocators – Inside the Institutional Investment Industry at 14:40
“or two or three. They're either going to die if it fails or if they succeed, they'll get salted pharma. They'll seldom have any revenues. They're burning money. They're diluting shareholders, capital inefficient, risky, and you need to know the science. You need that specialization. Big”
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