Is This the End of Chemo as We Know It?
Growing up, my family was as middle class as they come.
Most of our neighbors had middle-class jobs, too.
On my block, I grew up with the children of sanitation workers, taxi drivers, and school teachers.
My pop was a warehouse manager and took the subway to work every day. He worked long, hard hours. I didn’t get an allowance.
There just wasn’t enough money to go around during the inflation years of the 1970s. It was a challenge just putting food on the table to feed our family of six.
One of the richest kids on the block was my friend Jerry. His family owned a trucking business that transported big sacks of coffee. They would pick them up at the docks in Brooklyn and deliver them to warehouses throughout New York City.
Jerry always had money for movies, going to Shea Stadium to see the New York Mets, and ice cream. I'd had to make excuses for why I couldn’t join him and my friends.
And it wasn't like I wasn’t around people with money...
I went to a private school on a scholarship. I had friends that lived in big houses and had their own bedrooms. I shared a small bedroom with my brother.
I was most embarrassed when it was my mom’s turn to drive carpool.
The other parents in the carpool had new cars.
Our car was more than 10 years old and had ripped upholstery. I'd made up a story that our other car was in the shop — Mom was just driving our old car while the other one was being worked on.
My friends went along with my lie. I guess they'd sensed how pathetic it was...
Being a Broke Teenager Led Me to a Valuable Lesson
Growing up without money really sucked. But it did motivate me...
From the time I was 13 years old, I always had a summer job. I used the money I made to buy clothes for school. And that money had to last me for the whole year.
When I was in high school, I worked after school. On Sundays, I worked as a waiter at a catering hall. If I were lucky, they would even let me work a party during the week.
But I lost that job in my junior year...
One night, I tried to carry a tray of 10 plated dinners on my shoulder — like a real waiter.
After the tray crashed to the ground, the caterer told me to never to show my face there again.
In my senior year, I got a job with a company that sold clothing to nursing homes.
My job was to load the trucks with merchandise. Every day after school, I worked from 4 p.m. to 8 p.m. loading trucks. It was great.
I always had money in my pocket. The boss liked me and wanted to give me more hours.
One of the nursing homes was located three hours away in rural Pennsylvania. I would go on the road with the truck on Sunday morning and come back late that night — my parents wouldn't let me miss school for any reason.
My job was to help set up bins and racks with merchandise when we got to the nursing home. I would also help the nurses in picking out clothes for the residents.
The nursing home in rural Pennsylvania was a state institution. It looked like something out of a Victorian novel. It was on a huge property, and residents were wandering around in bathrobes...
I Knew This Wasn't Going to Be Good
Since I was the newest member of the team, I got the “plum job.” I had to go to the hospital ward and measure residents for clothes. I knew this wasn’t going to be good... I could hear my manager laughing as soon as I turned to walk to the ward.
When I got to the ward, all the residents were lying in hospital beds. Some of them had their wrists tied to the bed rails. Aa few stared blankly, while others screamed and moaned.
The two nurse's aides did the measuring. I just wrote down the patient’s name and sizes on a clipboard. After an hour, we were almost through. It couldn’t have ended a moment too soon. I was shaking and felt like I was going to barf.
The last patient was in bad shape. She was moaning and twisting in bed, trying to stop the pain.
Sign up for the Park Avenue Digest newsletter below to stay on top of the greatest value investment ideas... You'll also get our free report, The Munger Method.
After the aides took her measurements, they turned and left. This sickly old lady reached out and touched my arm. I built up the courage to ask her how she was feeling. It was obvious, but that’s the only thing that came to mind.
She told me she'd just had a mastectomy. I had no idea what that was but wished her the best. Before I left, she said, “If you want to be famous, find a cure for cancer.”
More than 40 years later, I've never forgotten what she said.
Over the years, I’ve unfortunately become very familiar with cancer. I've watched family members and friends wither away when cancer attacked their bodies...
Finding a Cure for Cancer
Six months ago, I started researching biotech companies. And I read about a treatment that was getting closer to finding a cure...
There's a new medical technology for treating cancer, and it’s an absolute game changer.
In lab testing to date, a stunning 94% of those suffering from an acute form of leukemia went into full remission with this new technology, and that’s after all other treatments failed!
Dr. Roy Herbst of the Yale Cancer Center says this treatment could end up REPLACING chemotherapy as the “standard treatment” for cancer within just five years.
It’s so revolutionary that a major biotech firm in California recently paid $11.9 BILLION for access to this disruptive medical technology.
But there’s one smaller, lesser-known firm that stands head and shoulders above the rest. And it’s poised to dominate this emerging field...
Even JPMorgan says it's “one of the more potentially transformative companies we’ve come across in some time.”
You won’t want to miss next week’s articles where I'll go into more detail about this biotech company.
The potential of this treatment will be amazing. And the opportunity that it's bringing you, your family, and friends will be even greater.
We're one step closer to a cure. So, make sure you keep an eye on your inboxes Tuesday and Thursday. I'll be explaining more about this technology and the company.
All my best,
Founder, Park Avenue Digest
Charles cut his chops on the trading floor of the New York Futures Exchange before moving on to become a wildly successful money manager on Wall Street.
And with more than 35 years of recommending stocks under his belt, Charles has knocked the cover off the ball, compiling an amazing record of success and posting gain after gain for his loyal readers. He is the founder of Park Avenue Investment Club and the Insider Alert newsletters.
Charles is also the author of the highly acclaimed book, Getting Started in Value Investing.