Hynes: Overly narrowing healthcare analysts' focus blinds them to 10-year industry changes
Jean Hynes · Jean Hynes – Inside Wellington Management (Capital Allocators, EP.82) · Jan 14, 2019 · at 16:06
Jean Hynes, healthcare portfolio manager at Wellington Management, explains why a relatively small 12-person team effectively covers over 1,000 healthcare stocks globally.
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“The reason why 12 is enough is it's a very long cycle industry. So it is an industry that is, even though there's a lot of change happening, that change happens over 10 years to bring a drug to the market. And so we want to make sure we're covering all the companies, and there is more change happening, but I think if you narrow people's focus too much, they won't be able to figure out that change.”
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