Investing to Save One's Own Life

     As an investor in Big Pharma, I focus on the companies that invented and/or sell the products that have had the biggest positive impact upon my life.  However, when looking for businesses to promote, it is not only the current conditions that I deal with that I should consider.  It is important to anticipate possible, future illnesses, as well.

My grandmother died from Parkinson's disease.  Due to the somewhat hereditary nature of that fatal condition, I should be concerned about trying to work for a cure before I risk getting it in old age.  Fortunately, two of the companies that I hold stock in have joined forces with five other big names to advance towards developing better treatments and eventually a cure.  Those pharmaceutical corporations are AbbVie Inc. (ABBV) and Eli Lilly & Co. (LLY).

If I can champion these Big Pharma businesses, perhaps a medicine will exist so that it is there for when I have use for it and can buy it.  And, as a reward for my business alliances, I may find that I have made a small fortune for myself through my investments, too.

Paul Wharton
Objectivist Capitalist Medicine Promoter

The FDA Attacked in an Ayn Rand Estore Book

      I have finished reading, In Defense of Selfishness: Why the Code of Self-Sacrifice is Unjust and Destructive, by Peter Schwartz of the Ayn Rand Institute.  The book is an excellent exploration of the evil of altruism and the virtue of its opposite--selfishness.  However, I want to focus this blog on an agency that Schwartz comments on extensively: the FDA.  The following are some selected quotes:

"The FDA exists, not to keep us from being deceived by drug manufacturers, but to keep us from judging for ourselves what is good for us." (p.140)  "The FDA, like any regulatory body, has only one basic function: to say no--or rather, to say no and to force us to abide by that pronouncement." (p.140)

"...even if you are among those who are helped by a drug--even if you are dying and the drug is your only hope--you will not be permitted to take any medicine deemed detrimental to the "population as a whole."." (p.160-161)  "Since only individuals concretely exist, the FDA's policy of deciding "on the basis of the whole" can mean only what collectivism always means: some individuals must be sacrificed for the sake of other individuals." (p.162)

Why doesn't government leave medicine alone?  Instead of "repealing and replacing" Obamacare, why doesn't government get out of the way and let Capitalist Medicine work?

Paul Wharton

Special thanks to Eli Lilly & Co. (LLY)

If Cruz is Disqualified, Obama Never Happened

     I wrote a blog on June 28, 2015 in American Galileo that encouraged Senator Ted Cruz to concede his presidential prospects in order to point out Obama's illegitimacy.  I then went on to side with Donald Trump--even though I still liked Cruz better.  However, after seeing the Texas Senator win Iowa by several percentage points, I have formulated a new approach that relates to Article II, Section 1, of the Constitution of the United States.

After the last 7+ years, one thing is clear; America must get back to where it was before Obama.  The goal of this Republican primary season should be to vote for a strategy to achieve this.  Currently, Ted Cruz is in a position of primary strength as the Iowa win shows.  This opens him up to attack by those who want Obama's fundamental transformation to remain in place.  One major avenue is Cruz's birth on Canadian land that has been argued to disqualify him from becoming President.  However, if in the end, this issue is what takes down his presidential bid, one thing is certain:  The occupation of the White House by the illegitimate, Kenyan-born, non-president never happened.

Paul Wharton
Special thanks to Eli Lilly & Co. (LLY)