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.