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Freedom of Choice?

This morning I was speaking to a client who is highly successful and very intelligent. No, he does not have a college degree, but when it comes to making money, I値l put him up against anyone.

Oddly, I am not one who believes having a college degree translates into success. Sure, it will open a lot of doors that would otherwise be closed, but it痴 not an automatic ticket for success. Of course, I did not want to enter the world without one, so I did my time, and came back with three.

My client built his fortune (without inheritance) through hard work, guts, and a boatload of common sense.

We were discussing the topic of Abraham Cherrix, the 16-year-old cancer patient who was ordered by a Virginia judge to receive court-ordered chemo treatments. - Read Article

Abraham, who had already been labeled as terminal, had undergone several rounds of chemo that almost killed the 16 year old. He would get up several times and go to the bathroom and throw up, is stomach and head were killing him, and all he wanted to do was lay face and body on a cold floor for comfort.

Abraham and his family decided to pursuit alternative treatments rather than accept the slow agonizing death of treatments from chemotherapy. I can稚 say that I blame them.

What is astonishing is a judge ordering a patient and a family undergo the same kind of treatments we used over 50 years ago. What right does this idiot have in ordering a patient a one choice of medical treatment against his or his family痴 will?

In my book, no judge should have that kind of authority.

Getting back to my successful client, he said 鍍hey don稚 want thinkers; they want people who will do what they are told.� Huh, kind of reminds me of Wall Street and our government too.

Medical costs in our country are through the roof. Even in a capitalistic system, capitalism should not have a place in medicine. For too long medicine has been practiced with capitalism taking center stage. When the desire to become rich takes precedence over finding cures and healing the sick, something is seriously wrong.

Medicine is a huge business. After spending over $3.5 billion annually on cancer research, the best we can come up with is chemo and radiation? Give me a break!

If you don稚 believe cancer is a big business, let痴 look at the math. It is estimated that 650,000 people will die of cancer this year. The average cost of chemotherapy and radiation is about $200,000 per patient. This works out to an annual cost of $130 billion per year.

Now, if there were actually a cure for cancer, don稚 you think that the loss of $130 billion in revenue would upset a few oncologists and drug companies?

To hammer my point a little more I need to tell you something that happened in the stands at a college football game.

You know the scene, thousands of cheering fans, and usually you end up sitting next to someone you don稚 know. Wanted to be cordial, I said hello and struck up a conversation with the gentleman sitting next to me.

This gentleman had brought his wife along for the afternoon, and she had on her bifocals and was knitting during the game. On her left had was a very large diamond ring, and I noticed that they both had on his and her Rolex watches.

My curiosity got the best of me, so I asked the gentleman what he did for a living. He replied, 的 am a urologist.� I said, 釘oy, you致e got a very difficult job�. I said, 敵ee, I sure hope they find a cure for prostate cancer one day�. I doctors wife looked at me over her glasses and said, 登h no, that痴 our bread a butter�.

I was sick to my stomach. I responded by saying, 斗ady, my grandfather died of prostate cancer�.

Now, if this was the one and only time I had heard a comment like this, I would have blown it off. But, it wasn稚.

So, once again I believe in my heart that capitalism does not mix well with medicine.

Here is a book that was written by a former Wall Street analyst, Andy Kessler. Andy wrote the eye opening book, 展all Street Meat� that revealed how and why Wall Street analysts deliberately mislead investors. Andy痴 new book is entitled, The End of Medicine.

Disclaimer—This is for informational purposes only and is in no way a solicitation or an offer to sell securities. I am a registered investment advisor, but only provide solicited advice to clients of our firm in states where we are registered or where an exemption or exclusion from such registration exists. nothing on this website should be interpreted to state or imply that past results are any indication of future performance. carefully assess your own risk tolerance and goals before investing.