The Behavioral Economist
Behavioral finance, Growth, small-cap, fund holdings

Cell Therapeutics: Enticing To All, Convincing To None

As it was once said, the distance between ingenuity and insanity can be measured only by success. Perhaps it's an unfair premise, but it remains true nonetheless. Innovators and visionaries have long been the targets of ridicule and doubt. However, once one of those innovations, or one of those visions, comes to fruition and becomes part of the mainstream, the validation of that manifestation changes everything. Before that point in time, the man behind the idea is deemed "crazy", however, after the fact, he is often then referred to as a "genius." Hence, the bridge between the two definitions is built only by success.

History has a long record of such instances. Charles Darwin, George Zweig, and Ludwig Boltzmann...

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