I miss my daily cup of coffee with Scott, which is why I guess I need to write daily to replace all those good thoughts he gave at no cost to you and me. At least for me, it was advantageous to “geek” out and absorb as much knowledge as I could from someone as generous with his time and insight as Scott.
I have him to thank for sticking with and exploring Moderna's potential when it was taking it on the chin. Moderna, if you are not aware, may have created an amazing drug to fight specific forms of cancer in combination with Keytruda from Merck.
In my last piece, Trading Like Louis Pasteur, I wrote about one of my favorite ideas: “Chance favors the prepared mind,” and featured Moderna.
I like to be contrarian, but I have realized it is not always profitable. So you need to work on models to avoid that unfortunate plight.
So after digesting Scott for many years, it came as second nature when Moderna, the despised biotech company, was trading very low, but at the same time Larry Ellison gave a speech with Trump present on how AI and Medicine will help cure the incurable. He asked something about imaging writing a unique DNA strand for you specifically that can cure cancer?
I immediately thought about Moderna, and on the podcast that day Scott shared that:
“You may distrust the drug company. You may hate the technology. You may think the odds are lousy.
But if someone you love is dying?
“Just in case” suddenly becomes a pretty powerful argument.”
There are bad players for sure, in biotech, but why prevent the ones actually doing the work to solve life’s deadly plagues?
We have to root for our homegrown biotech and industry and be confident that our body of science and AI will get us to the next level of longevity.
And if you need a good refresher course on logic and mental models to keep you sharp, check out Scott Adams videos on YouTube.
May there be a cure for cancer immediately.
Eric