Investors love healthcare stocks for the lottery ticket-like returns they can offer if a company strikes medical gold or wins the FDA’s blessing. Case in point: Amneal Pharmaceuticals (AMRX), whose shares are jumping nearly 50% on Thursday, on the back of FDA approval for EluRyng, the first generic NuvaRing. NuvaRing is a flexible, transparent ring […]
Based on the risk-adjusted performance of all three categories of private real estate funds, investors are paying billions in economically unwarranted fees.
Yesterday the Scottish Government published “Scotland’s Right to Choose“, its long heralded paper on the path to a new Independence referendum. It is a document riven by a basic intellectual flaw. It sets out in detail, and with helpful annexes, that Scotland is a historic nation with the absolute and inalienable right of self-determination, and […]