Why have I detailed my journey up to now? To explain the events that gradually led me away from chemistry, my initial area of expertise.

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It's important to note that at a young age, I was intrigued by the financial markets and everything surrounding them, without truly understanding how they worked. The world of the stock market seemed mysterious and inaccessible, but it drew me in. This fascination was reinforced by television announcements about the fluctuations of the CAC40. I attempted to become interested in finance by reading books like "Stock Investing For Dummies", but to no avail. Unfortunately, I quickly abandoned the idea, convinced that this field wasn't for me.

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During my years in Vancouver, I had the privilege of meeting a multitude of people from various backgrounds (workers, students, entrepreneurs), representing a wide variety of nationalities. Although I was paid for my research work, I was first and foremost a student, spending a great deal of my time on the university campus. University life being what it is, it was punctuated by numerous parties. On one such evening, my friends and I decided to go to a nightclub in downtown Vancouver. While we were waiting in line like everyone else, we were speaking French with Mauritian friends, attracting the attention of a francophone just behind us in line. We struck up a conversation and had a great evening together. As we hit it off, we exchanged numbers with the intention of meeting again. Over the weeks and with the arrival of summer, we arranged a day at the beach. After hours of discussion under the sun, we broached the subject of stock investment. At that moment, I confided in my new friend that I had once been drawn to this field but had eventually given up due to its difficulty. That's when he told me about a friend of his who regularly invested and offered to put me in touch with him to learn more about the subject. I didn't hesitate for a second; it was the perfect opportunity, and I had no more excuses.

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A few days later, I met Brandon in a café. He was willing to introduce me to the basics of stock trading and explain what it entailed. He then helped me open my own account with a broker and taught me how to place buy and sell orders. The obvious question that followed was: how do you know what to buy and when to buy it? The answer wasn't as simple. There were a lot of discussions without a real understanding of the rationale, which seemed to me to be primarily a matter of pure chance. However, this encounter greatly excited me, and I went home that evening with a real desire to learn more about the subject. After some research, I discovered that there were mainly two types of stock analysis that could be combined for synergistic reasons: fundamental analysis and technical analysis.

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"Technical analysis studies market movements to identify trends and predict future movements. Fundamental analysis is a more comprehensive approach that takes into account financial elements, user community, and future real-world utility."

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From that moment on, I decided to deepen my knowledge in technical analysis by investing in a book specifically addressing this topic. This approach mainly involved studying stock price charts using specific indicators to draw conclusions. It's important to note that, for now, I'm not expressing any personal opinions or judgments on the use of this analysis method. We'll come back to this later.

 

Next, I created a simulated trading account with virtual money, allowing people to practice without risking their real capital, much like in a fully virtual video game. However, I quickly realized that this learning method didn't suit me because I didn't take it seriously. Investing virtual money was nothing like investing real money. Without the stress or fear of losing real capital, the decisions made were very different from those you would make in a real situation. This lack of emotion can lead you to make decisions that you would never make under the stress of real capital loss. So, first and foremost, it's essential to know how to manage your emotions to invest in financial markets.

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After this experience, I decided to take the plunge and invest $1000 Canadian dollars to start, telling myself that I was ready to lose this money and that it was part of my learning process. For me, spending money to educate oneself is beneficial. After exploring different trading techniques, including the technical analysis mentioned earlier, I realized that gains and losses were generally offsetting, and ultimately, it was difficult to make money this way.

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It was at this point that I realized I needed to invest differently, in a way that suited me better. Technical analysis is certainly useful for trading any company, whether it's in good or bad health, but charts alone aren't enough to understand the true nature of the company. As you may have guessed, that's why I turned to fundamental analysis. However, to understand how a company works, its fair stock value, and the factors influencing the price of its stock on a daily basis, it's essential to know its area of expertise. As the saying goes, "cobblers are the most capable of repairing shoes." In my case, it was obvious that I needed to focus on pharmaceutical and biotechnology companies, which use chemical and biological technologies, areas where I have expertise. After identifying my niche, I realized one important thing: pharmaceutical companies, although worth billions of euros, are less subject to stock market fluctuations, while biotechnology companies, often in early development stages, have high potential for gains but also significant losses. My goal was therefore to find undervalued biotechs, whose market capitalization was significantly lower than their real value or the value I estimated they should have. The greater the difference between the current value and my estimated value, the higher the potential return.

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In parallel with my investments, I became very active on social media related to the stock market. I was fortunate to meet an extraordinary person who shared the same passion as me, but at a much more advanced level. After many discussions, we decided to create a small group where we conduct detailed analyses on many biotechs to determine which ones deserve investment. Each of us has indispensable expertise for a good understanding of the biotech world (chemistry, medicine, biology, finance, executive management, IT/artificial intelligence), giving us an advantage over other investors.