“Recession boom”? Is she a ‘when there’s blood in the streets, it’s a good time to buy real estate’, type? Because that’s what’s heavily implied by the language she used. 😖
She's a true believer evangelical Christian. People who pay attention to Wall St will know this, but...she named her fund Ark after the ark of biblical fame. It's alway unsettling to me when people start mixing religion and finance.
"Her flagship ARK Innovation exchange-traded fund (ETF)...is also considered by Morningstar to be the third highest "wealth destroyer" investment fund from 2014–2023, losing US$7.1 billion of shareholder value in ten years.[6]"
Impressive. Wood made several good calls in the past years and she has a reputation of going always long. But I thought it was analysis, not simping for the autocrats.
Cathie Wood’s “degrees of freedom” is just a sanitized way of saying the quiet part out loud: economic crises are engineered to discipline labor and restore capital’s dominance, paving the way for government programs that serve the elite.
I suspect she's saying that by the second half of the year trump will have control of all the financial reporting and so every piece of data we see will show a big beautiful economy.
Wood's fund is "the third highest "wealth destroyer" investment fund from 2014–2023, losing US$7.1 billion of shareholder value in ten years" (Wikipedia)
Oh Cathie Wood is the laughingstock of the investment community.
Best thing I ever did was read Ben Graham's The Intelligent Investor and Graham and Dodd's Security Analysis—the defining volume on securities pricing.
It's 6:5 and pick'em that Bernie would have gotten caught had the credit crunch not hit so hard that General Electric couldn't sell commercial paper to make payroll or whatever GE uses short term financing for.
Kind of like all the AirBnB "landlords" who were illegally subletting rentals they'd leased who got a shellacking in 2020 when lockdowns crushed short term rentals?
Fraud would be harder to pull off in the case of Ark because it's an ETF, but there are going to be parts of her operation that are less transparent. Not sure how much cash they keep liquid or if they have hedges we aren't privy to...
Folks you have to remember that at one point she was bragging about how much tax loss harvesting her funds were good for. Going to be a boom for negative returns you can put against your taxable income.
Comments
Well, the effect would certainly be explosive, I’ll give her that.
https://en.wikipedia.org/wiki/Cathie_Wood
5 year returns (annualised)
Ark: 2.55%
Berkshire H: 20.81%
https://portfolioslab.com/tools/stock-comparison/ARKK/BRK-B
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oh wait yeah cathie and ark never mind par for the course god probably got on the walkie talkie and told her all about it
This playbook isn't new.
Amazing
It's been a tough year so far for Cathie.
Best thing I ever did was read Ben Graham's The Intelligent Investor and Graham and Dodd's Security Analysis—the defining volume on securities pricing.
isn't that a recession?
Uhhhhhh.... so prices will drop after everyone is broke and out of work?
lol.
Just inventing new economics. Wouldn't a rolling recession, whatever that is, have wheels and not legs?
Madoff got caught when he did because the economy shit itself.
There is no such thing.
And people still trust her with $.