You don't need to guess the winners in biotech

New technologies are often the biggest drivers of market bubbles. Promises of a better tomorrow, or at least one that is radically different from today, seem to attract hordes of people eager to throw their money into the market, usually in the hope that they will become wealthy very quickly. We have seen some of this over the past couple of years. AssetCo to acquire entirety of Revera Asset Management Electric car companies with no earnings or product, various ‘tech' businesses and a swathe of cryptocurrencies have all attracted a frenzy of speculative investment. One of the...