Yet another tweet storm aimed at Cathie Wood. I don’t get it. Did she ever go after Bloomstran?
Cathie was on the tube touting 40% annual for years some 25% higher, I’m guessing it is 50% annual now. Assets provide fees. In the end it is the 90’s Michael Murphy repeat. Murphy at one time was a 40% annual guy for some time and had a huge fund and fame. In the end an initial $10,000 was $2,000 and 99.5% of his investors lost money. He and Harry Dent were the entertainment of the decade.
Let’s keep it quiet. It is more fun to let these things ride a while but the outcome will take time and be similar.
Watching the Elizabeth Holmes on Hulu tonight. She too had boasts, predictions, guards, and lawyers.
So easy to see yet these cycles never end. Michael is still around, selling different things now that get fees.
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Yet another tweet storm aimed at Cathie Wood. I don’t get it. Did she ever go after Bloomstran?
I don’t do Twitter, but Cathie Wood and ARK remind of the Janus funds in the late 1990s. If you invest in stuff that is going up really fast, you make money really fast. When things start going down really fast, you lose money even faster. Been there, done that, got the trophy.
Cathie Wood may turn out to be a world beater over the long term, but the fact she now has nothing to show for her skills should come as a surprise to exactly nobody. Relative strength is a thing. It works. But relative strength is a bitch goddess. It giveth and it taketh away. Use it carefully lest you blow off your thumbs.
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Just be aware that Cathie Wood says she hears spiritual voices and believes God advises her. That in itself will bring in fees from a decent percentage of people. No, Cathie won’t turn out to be anything but the latest example of many obvious to fail types. Cathie can convince people of things that aren’t anywhere cose to accurate.
Just be aware that Cathie Wood says she hears spiritual voices and believes God advises her.
Is that really true?
If so, there are multiple possible explanations.
One might be a temporal lobe tumour.
Jim
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Jim,
Precisely what I’ve read from a few credible sources and we’ve discussed in our investment club.
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<<Cathie won’t turn out to be anything but the latest example of many obvious to fail types>>
She has a 30-50% chance to succeed, not bad, when it’s other people’s money.
I give her a 1% chance. Interestingly Michael Murphy only invested in the tech stocks of the late 90’s and early 2000’s that made money or were close with huge sales growth. As one after another of the stocks began to fall in price he too like Cathie began playing musical chairs. As soon as he would publicly tout a business it would be sold. Wood is now doing the same.
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