StarZero All shows Try the podcast clipper →

Rod Wong

11 statements across 1 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Apr 24, 2023 by Rod Wong · across every show →

On the record as a speaker too: Rod Wong's record, appearances and statements → this page counts the times other people say the name.

Everything said about Rod Wong, oldest first

Apr 24, 2023
Disclosure
Wong: RTW limits worst-case position loss to 5% of fund capital
“Our best ideas, this conviction piece, our very best ideas. And sometimes we don't even have one that reaches this level in a given year, but we are willing to take up to a five percent loss if we're flat out wrong.”
Rod Wong Apr 24, 2023 ▶ 36:07 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 neutral
Assertion Contradicted
Wong: Around a dozen dedicated healthcare firms manage over $1B
“I don't know the exact number, but healthcare dedicated firms that are managing meaningful amounts of capital, like north of a billion dollars is probably, you know, a dozen plus or minus something like that.”
Rod Wong Apr 24, 2023 ▶ 47:40 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023
Insight
Wong: Position sizing requires continual re-underwriting of catalyst probabilities
“We just consider each point in time, almost kind of like you're re-underwriting the investment, right? So No matter where an investment is trading or where it's been marked last, you're thinking about then what is the next step in terms of key event, probabili…”
Rod Wong Apr 24, 2023 ▶ 33:40 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 bullish
Insight
Wong: 'Lock-and-key' biotech bets have high clinical odds and strong returns
“If you know that a tumor is caused by this mutation, or if you know that this rare disease, they are missing this gene, and if you can express the protein that's missing or replace it, that's probably going to work. And as simple as it sounds, we continue to m…”
Rod Wong Apr 24, 2023 ▶ 56:23 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 positive
Insight
Rod Wong: Healthcare portfolios should be concentrated because mispriced drugs are scarce
“So at the end of the day, the strategy was find those things that offer high probability asymmetric risk reward over a medium to long duration and build a portfolio out of those things, recognizing that great drugs that are underappreciated by the market shoul…”
Rod Wong Apr 24, 2023 ▶ 16:04 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 positive
Insight
Rod Wong: A great internal presentation deck is probably four slides
“And now, what is a great deck? A great deck is probably four slides.”
Rod Wong Apr 24, 2023 ▶ 24:05 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 positive
Insight
Wong: Healthcare investment culture defaults to collaboration over competition
“The culture that developed in our ecosystem was one that we worked together to get things. So most of us are friends with some portion of the rest of us. And the culture is to default to not be competitive, but try to be collaborative. And that spirit, I think…”
Rod Wong Apr 24, 2023 ▶ 48:45 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023
Insight
Wong: Equity offerings are typically capped at 10% to 20% of market cap
“You know, the rough rule of thumb is you can do an equity offering for like, 10 to 20% of a company's market cap at any given time. But some companies need three, four X that amount of capital.”
Rod Wong Apr 24, 2023 ▶ 55:03 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 bearish
Assertion Not checkable as stated
Wong: In Q2 2022 biotech stocks sold off even on positive news
“You know, as an example kind of the worst part of the bear market sell-off, this cycle, Q-two of last year, you could have been right on everything, right? Call the event right, Day the news comes out, the stock trades down because it's a source of liquidity l…”
Rod Wong Apr 24, 2023 ▶ 34:06 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 neutral
Disclosure
Wong: RTW is wrong on biotech investments 35% to 40% of the time
“We're wrong, you know, high thirties, 40% of the time, 40 some odd percent of the time. But the key is making those losses as small as possible.”
Rod Wong Apr 24, 2023 ▶ 28:56 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Apr 24, 2023 bullish
Opinion
Wong: Biotech needs optimization of existing modalities, not new ones
“And I actually think that we don't need to increase the number of modalities at all. If we just focused on improving what we have, this new updated list, I think that would last the industry 10 to 20 years.”
Rod Wong Apr 24, 2023 ▶ 52:45 Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.

Try the podcast clipper Learn more