Wong: Position sizing requires continual re-underwriting of catalyst probabilities
Rod Wong · Rod Wong – Empty Rooms: Innovation in Biotech at RTW (Capital Allocators, EP. 310) · Apr 24, 2023 · at 33:40
Rod Wong, founder of biotech investment firm RTW Investments, explains how his firm manages portfolio sizing across evolving clinical trial milestones.
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“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, probability around that event, and then the asymmetry around that event.”
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