RE: I reckon Moderna is a contender as partnering with Scancell18 Feb 2022 13:32
Cleanerworld,
Buffett cetainly has claim to be quoted, but I believe his portfolio is not comprised solely of Baby bios.
There's a place for speculative investments in any well diversified portfolio but many these days have but one shareholding to which they might have become attached.
Scancell has been a particularly tradeable share over the years in that it has seen wild price gyrations which almost beg for "top slicing" or even at one stage complete disinvestment.
I believe to criticise anyone for seeing that is wrong. Ownership of Scancell for ten years (a la Buffett) has (in some self admitted cases) simply brought the non proactive owners back to break even.
I am of an age where equity share investment was seen as a five year cycle but that applies not to start up companies but those which are producing something which can be sold and which will produce revenue for shareholders.
Scancell is producing something but in ten years has singularly failed to produce shareholder beneficial revenue, so I believe it is not quite the same sort of investment which Buffett was referring to. If I am wrong and it is, then it's stretching a point to suggest that a Bio start up is a directly comparable investment to a Buffett. However if you argue that it is, then the company has failed the ten year test for many LTH here.
As you say it's good to exchange views without acrimony.
Hope you agree that this is the case here. Great to discuss.
ATB