Awesome. Good to know your background. I must say you might be slightly older than me. trained in MD, PhD, done further fellowships, senior clinical research associates, done online DS and CS, specialized in Computer Vision, CP and ML. Currently in TT track.
Just to give some convincing background: (1) The student who discovered anti-coagulant, heparin, was JHU 2nd year med student. There was a tiny tomb in JHU to give him credits after a long battle with the institute. (2) The first step into the image recognition was achieved when 16 layers of neural networks were assembled and no one has ever achieved such an accuracy of 98% image with their corresponding labels. This paved the path for later known as image recognition and spawned out many branches such as computer vision in autonomous driving.
Guess what, created crispr library, not a few constructs. half a million library. Transfected into multiple cancer cell lines. My experience with gene editing goes back to leucine zipper and zinc finger. So not sure the timeline you've been in the gene editing. But I must say I'm not all constantly involved in gene editing. Crispr is where I made the library.
I must have done a poor job in my first comment because I didn't feel like writing in a proper transition.
Here we go.
I guess, no need to regurgitate the CRISPR since you're well aware of the technique. What I'm pointing out here is, whoever outside of the STEM tends to exaggerate the potentiality of the new technique and hype it up so that they can rake in more profits. Since we'e here in stocks sub, that's more in line with what we're seeing with Cathie. That's why I said she graduated in Economics and Finance, never dabbled in STEM and she's hyping up all the technology as "disruptive technology". In all of her investments, ETF, they're all hyped up and their PE ratios have gone through the roof, DocuSign, TSLA, SQ .... Granted, if the end justifies the means, she's done a great job at creating 35% return from her ETF. But they're all coupled with pandemic lockdown and wsb meme-driven momentum.
CRISPR is not a disruptive technology, it's a more advanced form of gene editing. TSLA on the other hand is a disruptive technology because we're going away from combustion energy to electric energy. Crispr is, well, not disrupting the existing biotechnology. It's just another biology technique that becomes handy in the scientific pursuit of the knowledge.
If the Crispr is disruptive technology, why haven't we labeled siRNA as a disruptive technology tool? The another biological tool that also becomes handy and also got a Nobel Prize? Similar tool, people made siRNA library and screening. It's all the same.
It's like some rookie outside of tech world hyping up why the GTX3080 is gonna disrupt the GTX2080 and we all should be investing in Nvidia.
Just to give you some more, Cathie invested hugely in REGN while the REGN was hyping up covid vaccine and collaboration with multiple hospitals in NYC. I collaborated with Regeneron back in the days. So I know more about it. REGN is catching up on the covid wave to make some money. But their vaccine and multiple collaboration falls through the cracks.
If I remember correctly, She entered REGN around $500 and it shot up to $600 last year when the company was announcing all the collaborations and research into coronavirus. Since the regeneron hype fazes, the stock was spiraling down in tailspin. Last 2 weeks, she offloaded REGN massively and added more TSLA.
Go figure. We always need someone to hold our bags. There's no magic place in the market place where all the stock you sell disappear. There's always someone.
That someone is retailer. Now wsb or some sub are in love with Cathie because they had some gains from TSLA or some had huge gains from TSLA. So they love her.
Remember, everyone here is making money. I'm not shorting ARK or TSLA. I owned those stocks and made quite a return. But I also got burned from TSLA options from last week.
So I hope my stance on Cathie's "disruptive technology" would clarify from this post. Even if not, well, we're all here making money, aren't we?