Andy Kessler was the guest speaker at lunch . Made a pretty strong case that the price of medicine will decline.. Just look at the Pharma P/E ratios .
Silicon will replace carbon. ATMs replaced the cashiers/ tellers in banks. There was a lively discussion about how the physicians brain contains the wisdom that a computer( silicon ) could never replace. I got jay and Andy to share a photo. It was a short conversation. Jay and I are going to take Andy out for lunch soon…
