Author: mcastor

Michael Castor is the author of this blog, “Quintessential.” Michael is also the portfolio manager of the healthcare-focused hedge fund, Sio Capital Management, LLC, which he founded in 2006. Before starting Sio, Michael worked at Bernstein Investment Research and Management from 2001 to 2006 as the firm’s healthcare analyst and as the healthcare sector leader. Prior to Bernstein, Michael worked in the investment banking/equity capital markets division of JP Morgan where he focused on biotechnology and healthcare equity offerings. Before entering finance, Michael spent three years in clinical medicine. He completed his surgery internship at Indiana University Medical Center followed by two years of surgery and otolaryngology residency at Columbia Presbyterian Medical Center in New York. Michael earned a MD from The Ohio State University College of Medicine, where he graduated summa cum laude. He earned his undergraduate degree in biomedical engineering from Tulane University where he graduated summa cum laude with departmental honors.

Is Coffee healthy?

One of the questions that gets posed to me regularly as a physician is: “Is coffee bad for me?” Well, a wonderful study was published in the Aug 18 edition of the New England Journal of Medicine called “Association of…

Negative datapoints in regional Fed surveys

In the August New York Fed survey, businesses’ 6-month forward outlook has been steadily trending lower since the start of 2012. Just about every component of the future-expectations survey is trending down, including expectations for new orders (forecasting contraction) and…

Efficient Market?

Watching the market the past couple of days has reminded me of the Efficient Market Hypothesis (all available information is priced in at any point in time). As has been pointed out by many people in the past, one of…

Richmond Fed Survey

The Richmond Fed Business Activity Survey was concerning.  The data points that stood out to me in this particular survey were: 1) The volume of new orders (diffusion index going moved from -1 in May, to -7 in June, and…