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The Iced Coffee Hour

Martin Shkreli on Making Billions, Going To Prison, and Being The Most Hated Man In The World

Feb 19, 2024
Martin Shkreli shares insights on his prison experiences, investments since childhood, handling hate as an entrepreneur, and his controversial persona. Delving into drug pricing, government power, and thoughts on Trump's future.
02:35:21

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Expanding investments beyond securities to pharmaceutical assets can reveal unique opportunities.
  • Price differentiation in pharmaceuticals is justified by rare diseases and insurance coverage.

Deep dives

Finding Opportunity in Overlooked Assets

By looking at different assets, such as pharmaceuticals, as potential trades, one can find unique investment opportunities. For instance, a company that had stopped producing a drug essential for a genetic kidney stone disease presented such an opportunity. By offering to take over the commercialization of the drug, the company increased its price from $2,000 to $80,000 per year. Surprisingly, the demand for the drug actually increased, allowing more people to access the medication. By targeting key nephrologists and having conversations about the genetic cause of kidney stones, the company was able to generate interest and increase sales.

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