Math Pharmaceutical Profit and Loss 
Barry Ritholtz
DECEMBER 12, 2023
And I was a math nerd as a kid. They announced a $640 million loss and ouch. But if, if it has a history of not being profitable, you you really want to exclude that. The visibility on earnings they grew but they stayed profitable as, as they grew. So big loss. A 99% loss on 1.1% So I took that. Real money.
Barry Ritholtz
JANUARY 24, 2023
But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. You got 60 percent of losses ahead of you. RITHOLTZ: So it’s different math then I need 100x winner versus 99?
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