Preface

Eli Lily (LLY US) is now just about a double since we first wrote our GLP-1 thematic primer on July 11th 2023:

I have removed the paywall for free subscribers to go back and check it out in celebration of this milestone (simply a stepping stone on the way to LLY having a trillion dollar market cap by the end of the year). 

When I went to go change the paywall, I found myself rereading my original takes on the theme and doing some reflection.

It’s easy to find out where a bad trade went wrong, but it’s arguably more important in your process to find out how you could have made a good trade go better as well. 

I figured it would be a good exercise to go back and assess my original thought process and see which parts proved accurate and which didn’t.

There were three things that, going into this process, I was concerned aged poorly. 

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