The relative performance of the healthcare sector versus the S&P 500 has been in a 30-year upward channel.
At market peaks, these stocks often reach attractive valuations and then excel in performance during economic crises.
While the spotlight has been on historically expensive mega-cap technology companies fueled by AI developments, the healthcare sector is poised to be among the primary beneficiaries of such technological advancements.
The case for the Biotechnology industry is arguably even more compelling.
Since 2015, these companies have drastically underperformed the S&P 500 and Nasdaq indices.
The Nasdaq Biotechnology index, which includes larger and established businesses, currently has a price-to-sales multiple of approximately 5.5 times, down from nearly 13 times back then.
"Visit all the places, eat all the food, read all the books, make all the friends, gather all the fame, support all the causes, build all the products, earn all the money... ...to see that the quality of your life is what it is when you are doing nothing."
@naval
US National Debt Hits $32 Trillion, up $572 billion since Debt Ceiling Suspended. TGA Starts Refilling, Drains Liquidity from Markets.
Debt doesn’t matter. Until it does. And now it does
https://t.co/RJbDxl6q62
Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows, while simultaneously sending its own supplies back to buyers in the EU, per Bloomberg:
Imagine if you couldn’t send an email between Gmail and Yahoo! mail. This is the sad reality of payments in 2023. There is no SMTP for money. Lightning solves this and will bring interoperability between wallets, exchanges, and financial institutions. It’ll change everything.
An innovation to come out of the blockchain space is the Lightning Network, a protocol for sending money on the internet via #Bitcoin ⚡
Read how @voltage_cloud, a LaaS provider, scales Bitcoin and Lightning Network infrastructure with Google Cloud ↓
https://t.co/IDlspOne0k
@carlquintanilla@LynAldenContact@FactSet If companies don't jump on the #AI bus... It will be dead story like #Kodak ... The inventer of digital 📸 didn't want to embrace #change ... Ended up killing the first mover advantage company that got killed by themselves. What do you think?
Something incredible is happening in @getairchat@naval Opened BabelChat, which is a chat where only he is allowed to speak English, while the rest can only speak another language, and the app auto translates all speakers transcripts.
🇪🇸🇮🇱🇮🇷🇵🇹🇫🇷🇩🇪🇰🇷🇯🇵 all speak and understand each other!
Honestly this is what I wanted to have on Twitter with Targum and I'm so exited to be an early air chatter!
// @arjunkhemani@0xSigil
Insane.
You can speak french, italian & sicilian and the app does a perfect translation.
@naval@0xsigil@arjunkhemani@BrianNorgard keep pushing you guys are on something huge