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Simon Farr's avatar

I just read the annual shareholder letter of the UK’s largest investment fund, Fundsmith. They were early and large investors in Novo Nordisk a major player in weight loss drugs. Terry Smith observes that the alcohol suppression characteristics of these drugs could substantially reduce consumption. They sold their long standing position in Diageo last year.

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Daphne V's avatar

If we hadn’t have been buying the house. I wish I had bought NN stock in

2023. Although it has slumped recently. There is also the matter of their patent coming to an end, allowing competitors to the market. Everyone is waiting for it, because pens are so expensive, the patent expiring will level the playing field a bit. https://www.reuters.com/business/healthcare-pharmaceuticals/novo-nordisk-braces-generic-challenge-ozempic-wegovy-china-2024-06-05/

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Chris Fehr's avatar

I too had a good pandemic but maybe for different reasons. I got 3 months to practice being a retired guy, still getting paid but a little less than normal. Then even after going back to work everything has been less stressful since.

If it really does help with subsatance abuse that's quite a marvelouse breakthrough.

Counter argument about wealth, people on the drugs may envy those that can enjoy food because sometimes it really is enjoyable.

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G's Units's avatar

Beautifully open & well written! I received those wonderful grape juices from Dawn this week and I bizarrely haven’t fancied wine all week. I also tend to stop when I start exercising hard again… would I rather keep drinking or would I rather that extra mile was easier? I love both things so I find myself drinking less when I start enjoying running again. I don’t think we need to be drinking in excess to be wine lovers, do we?!

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Daphne V's avatar

I think when people say do what makes you happy, they ultimately mean this! This week you want to run. Next week you might fancy a few more wines. Just work with it, not against it.

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Joe Fattorini's avatar

This is fascinating and excellent. I have already forwarded it to various people I know. Thank you

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Daphne V's avatar

The potential is has for addiction treatment is phenomenal and probably breakthrough medicine in our lifetime.

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Blath from Dublin's avatar

Thanks for this. ❤️

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Daphne V's avatar

You’re welcome. Let me know if there’s anything else you wanted to know about them.

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