“Don’t have money? We’ll give it to you…but only if it’s worth our while.”
Yes, sometimes investors are extremely rich guys like Warren Buffett. But investments are also made via institutions like those that manage your 401(k), your university’s endowment, or your grandparents’ pension. (RA Capital, the publisher of this course, manages investments from all these types of organizations.)
In a way, we’re all healthcare investors. Most of us pay monthly insurance premiums, an investment that is meant to pay off when we get ill or injured. Our taxes also go toward Medicare and Medicaid, which are investments in the health of our communities and our elderly. This is part of why drug companies and professional investors pay close attention to not only what physicians know their patients need, but what society tells us people value and prefer.
In this video, Peter Kolchinsky describes what it’s like having a fiscal responsibility to others that can run counter to what he may want to invest in for personal reasons.