lotsofguts

I'm an angel investor and have owned pharmacies and medical centres but not in the US. There are many challenges to this business model. PopRx tried this model in Canada and eventually went bankrupt. A better business model would be for a company such as Teladoc or a clinic chain to build an online pharmacy because it's really the physician that owns the customer relationship.

I agree. It will take a lot of time to build knowledge and experience. Using 10,000 hrs as an example to become a "good" investor, it might take years.

I think this article might explain part of it. From: http://pembridgecap.com/?m=201706 "The Best Idea Fund Charlie Munger coined a problem at his dinner party: Capital Group (large LA based fund manager) created The Best Ideas fund. This fund would collect one favorite stock per analyst in the fund. Munger mentioned that this fund underperformed the market significantly and asked guests as to why this might be. The answer was consistency bias: the idea that managers had spent the most research time on was typically their “best idea”. Human beings tend to selectively filter new information that confirms the first thing they belief to be true based on something they read or listened to. the specialist problem: specialist analysts get biased toward their sector benchmarks. They do not select the best stock, but the best stock in the sector. TC Comment: this compounds the insider view bias that Kahneman discovered. Man is naturally taking too much of an insider view already in general, and not enough benchmarking ideas to the outsider view, or base rates."

I have friends that might invest in this area. PM me

I have invested in startups. I would suggest joining an angel investing group. It can provide a great opportunity to learn how to invest in startups and network with other angel investors.