A diary of the thought process behind my investment decisions
Grain Of Salt
My entire portfolio consists of stocks with little economic sensitivity. My largest holding by far is Gilead Sciences, which generates the majority of its revenues from AIDS drugs that keep people with HIV alive. Recession or depression, HIV patients need these drugs. Gilead will likely earn its market cap ex-cash in the next six years. So when you read that I am net long please be aware of what I am long. I am hardly a raging economic bull.