Harry Rady of Rady Asset Management discussed his reaction to the recent news that the Obama administration would be softening its approach to health care reform. Appearing on the CNBC Maria Bartiromo’s financial news update on Monday August 17th, Rady explained why he is not really that influenced by the comings and goings of government policy.
Harry Rady presents his opinion below:
“We think that great companies, with strong patent portfolios and great IP will prosper no matter what happens. So we are not trying to predict the winners. We think the “commoditized” service providers, such as the HMOs, the generic drug makers; we think that under any scenario, they get squeezed. But companies that have these positions and these patents, they will do well.”
Follow the link to the Harry Rady’s complete video presentation.