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The Investment Environment + Last Month in Borna Health Fund

Andrew Jay Andrew Jay

Intuitive Surgical: How I missed its rise to dominance at three critical junctures but now believe in the company’s franchise power.

The first time I test-drove Intuitive Surgical’s robot was during the bake off for the IPO. The technology was amazing, and I could throw sutures with ease. The company had a few dozen systems installed and a respectable backlog, but I remained skeptical as it was targeting cardiac surgery, which several struggling public companies were unsuccessfully trying to revolutionize.

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