Is It Too Late?

By 2030, there will be more people over 60 than there will be under 18 in the United States. The fastest growing part of the economy is people up at 60. I think that we are at a very uncertain time and any unexpected development can have a dramatic impact on stock prices. This is not a time to sell if you're in the public markets. If you ask me where I think the most interesting area to invest is an area I have not invested in for 25 years - biotech.