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Originally Posted by louie aguiar
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
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Quote:
Originally Posted by scho63
Cathy Wood sucks. She hit on Tesla and everyone thinks she is great. She has traded her fund down to shit.
She's been buying high and selling low.
She's a one hit wonder. Everyone can make money in a surging up market.
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I've got a little, and I blame this thread for that.
She's getting hammered because the more speculative growth stocks are getting hammered the worst in this market. It doesn't mean that her individual picks are bad, but rather that her investment strategy is being shunned right now.
She made a comment that I kind of liked the other day. If I remember right there was some statement about short-selling her fund, and her response was something like, "It's a bad idea to bet against innovation." I tend to agree with that philosophy, so I'm hanging on even though I've got a bloody nose right now.