KPTI - Karyopharm Therapeutics: Getting Paid Well For Accepting Uncertainty
Investment Thesis
Performance improvement first requires standards, then requires alternative paths to choose between. The alternatives need comparable measurements of what to expect, how likely those are to be achieved, and what it may cost when they are not.
The equity reward scorecard for investors is kept in financial terms, dividends received plus price-change capital gains. These days capital gains can be ten times (or more) the size of dividends, and time-limited holding periods of capital commitments in Active Investing strategies often can make dividends an accidental occurrence if present at all.
The equity risk