Paul Major (Bellevue) - Innovations To Fix a Broken System

Paul Major co-manages the Bellevue Healthcare Trust and has a wealth of experience of the healthcare industry.  We discuss how healthcare has evolved, why existing healthcare systems are fundamentally challenged, and the approach Paul takes to investing in the industry as a result.Show notes:[01:15] Paul discusses how he got into finance[03:15] Bellevue[04:31] General lessons for healthcare investing[06:01] Delivering innovation and why R&D doesn’t scale[10:07] Focusing on the key problems society faces[13:48] Keeping healthcare investing simple[16:47] Why the healthcare system is broken[19:53] Finding productivity gains[22:07] Preventative medicine[24:12] Fixing a problem that didn’t previously exist[29:02] The US healthcare system[32:03] Transition to value-based care[33:45] Constructing a portfolio of innovative companies[36:59] The fast moving pace of healthcare innovation[39:13] Understanding what innovation looks like[39:37] The importance of educating physicians[40:56] Valuing young, innovative companies[45:47] Corporate finance provides an excellent education

Om Podcasten

Far From The Finishing Post explores the ideas and practices of leading investors in an effort to continuously grow our collective knowledge. This podcast is intended for UK listeners only. The views and information contained within this podcast do not constitute investment advice and should not be used as the basis for investment decisions. Any reference to securities should not be construed as a recommendation to buy or sell these securities. Any opinions expressed are those of the relevant individuals and do not necessarily reflect the views of Troy Asset Management and may be subject to change without notice. Past performance is not a guide to future performance and the value of an investment may fall as well as rise.