Assassin said:
FLBear5630 said:
boognish_bear said:
FLBear5630 said:
boognish_bear said:
He made his money from ipo's. My level of respect for Musk went up a notch. We need doers. Time to get the US producing again, both private and public. We have become too interested in maneuvering finances and cashing out.
He seemed to fall off the face of the Earth after his comments about the American work ethic a few weeks ago. I don't know if the Trump team put him in timeout… Or if he purposely laid low.
He is better off out of there. Musk has built companies, tackled tough problems and been a visionary for years. He is credible, still needs vetting, but his word has weight. Instant billionaire, not so much.
Has this been verified or is it another Russian collusion thing
You can look up how he made his billion.. He started at hedge funds, pivoted to pharm. He bought failed drugs, repurposed them and sold IPO to before trials were complete, at least the one that propelled him. It was an Alzheimer Drug that failed trials. The guy knows how to use the system, no doubt. Not sure it qualifies him to restructure the Fed. But, everyone has opinions.
This is from Forbes.
"Ramaswamy burst onto the biotech scene in 2015 after founding Roivant, a drug development company he designed to launch experimental drugs through several subsidiaries. The idea was to cheaply purchase drugs that had been abandoned or forgotten by big pharmaceutical companies.
Ramaswamy listed Axovant on the New York Stock Exchange in the biggest initial public offering ever in the history of American biotechnology, raising $360 million. Forbes Magazine put him on its cover calling him the "Boy In The Bubble."