It's because revolutions happen rarely and the rewards are enormous.
If you want to take a punt that the FDA will approve a major stem cell therapy you have to pay for that.
At the moment people are willing to pay about $900 Million for that bet. If they are right they will earn multiple 10 baggers.
It's like when Tesla were trading at $50 2 years a go. Some would say why buy Tesla when you can buy Ford for less.
What they missed was that a revolution was taking place with huge gains for the leaders.
MSB many years a go decided they wanted to legitimize stem cell therapy. An impossible dream? Maybe not.
Silviu Itescu The Legend, page-61
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