RE:Notes From Sohn Conference Today You know what I heard today? I heard from some legendary short that all pharmas on the planet were actually producing medecine made with sugar powder, and actually had to medical effects. It's called the placebo effect and once people realize this it's going to be the end of pharamceuticals and pharmacies. The future is grim.
Lattice wrote: Legendary short seller Jim Chanos said "everybody" is using metrics that are "just as bad as Valeant's accounting..." He continued, "The payers have woken up - that is the difference here.
This was financial engineering, this was not pharmaceutical development."