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The problem with Cathie’s logic is she goes after a lot of companies new to something ….rarely do the initial companies in a new business area stay at the top .
Usually it is the second generation companies that learn to do things better and smarter and the first gen companies don’t do as well
Interesting that Cathie spoke about her long term commitments to the stocks she believes only recently like roku ,tesla , teledoc ,square ,Shopify , etc , yet was actually selling some of them them ..
“Wood told Bloomberg TV in an interview last week that "especially in periods where our style is out of favor... what we usually do is consolidate our holdings towards our highest-conviction names. [Those] are the names in our top 10 -- so the Tesla (NASDAQ:TSLA), the Roku (NASDAQ:ROKU), Teladoc Health (NYSE:TDOC), Square (NYSE:SQ), Shopify (NYSE:SHOP) and so forth."
However, a review of trading records that Ark voluntarily releases every day shows that Wood hasn't actually been buying any of the high-conviction names she mentioned other than ROKU, and has instead dumped shares of TSLA and SHOP:”
Interesting that Cathie spoke about her long term commitments to the stocks she believes only recently like roku ,tesla , teledoc ,square ,Shopify , etc , yet was actually selling some of them them ..
“Wood told Bloomberg TV in an interview last week that "especially in periods where our style is out of favor... what we usually do is consolidate our holdings towards our highest-conviction names. [Those] are the names in our top 10 -- so the Tesla (NASDAQ:TSLA), the Roku (NASDAQ:ROKU), Teladoc Health (NYSE:TDOC), Square (NYSE:SQ), Shopify (NYSE:SHOP) and so forth."
However, a review of trading records that Ark voluntarily releases every day shows that Wood hasn't actually been buying any of the high-conviction names she mentioned other than ROKU, and has instead dumped shares of TSLA and SHOP:”
She’s dumping some of her better stocks like TSLA and SHOP because she’s forced to to cover redemptions, yet adding crap like ROKU. Wow, just wow. And people were actually comparing her to Buffett. SMH lol.
Sometimes ..many times I have gotten to the party early being the contrarian investor I am and have been nicely rewarded for it ….usually when buying low ,next stop is even lower as that is just how trends go …
But when the crowd wants to buy those assets when it’s their day in the sun you can sell them yours at a high price and buy what they are running from at a lower price
Bitcoin can be an example now where every. Day it is falling , yet someone buying now stands a pretty good chance of being rewarded for getting in early .
I think we may see the same thing with long treasury bonds , one of the most frowned upon investments right now has been jumping one to 2% most times stocks dip , so if stocks really slide there can still be juicy gains in them getting in early ….especially if Cathie woods prediction of deflation in assets takes place and this inflation is a head fake
She’s dumping some of her better stocks like TSLA and SHOP because she’s forced to to cover redemptions, yet adding crap like ROKU. Wow, just wow. And people were actually comparing her to Buffett. SMH lol.
I sold arkk yesterday at a profit and slid in to vti for now as that was down so it was kind of a little arbitrage play .
If arkk falls again I will go back in …if not I will sit in vti ,no problem.
Arkk is way to volatile for a core position in my portfolio so I prefer to just trade it even if it goes up from here without me .
It just does not mesh well with a low volatility portfolio. Gbtc bitcoin adds enough volatility. Lol
Invitae (NVTA) is the only Cathy Stock I follow.
I sold it last year and while I looked foolish for a while, now I look pretty smart. It has plunged from 61 to 15. I don't know why it would recover, but it might and that's why I continue to fill in my spreadsheet.
Keeping accurate records of a few companies including basic fundamentals and announcements has saved my portfolio. I recommend it.
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