Success with my Biotech Investment
I have been holding my biotech pick, Vertex Pharmaceuticals (VRTX), with moderate growth for about a year. Earlier this week, it shot up 20% in a single day after two PHASE III molecules showed positive data for treating cystic fibrosis.I picked this stock due to my inside knowledge about their business philosophy from reading two books on the company authored by Barry Werth. One of the books was sold by Second Renaissance Books--the pro-reason bookstore that was originally set up by Ayn Rand herself!
It just goes to show that profit is a product of investing in people and companies that have the right philosophy to make wealth grow.
Paul Wharton
Objectivist Capitalist Medicine Promoter