High finance overall consensus of Cathie Wood
Roughly a year ago, Cathie Wood was seen as somewhat of a god. Retarded retail traders referred to her as "Aunt Cathie" and CNBC brought her on nonstop. Now, after a relentless drop of over 60% in her ARKK ETF, she has become the face of what was/is a massive bubble. Out of desperation, she now expects a CAGR of 50% over the next 5 years in this ETF. What I really want to know is what drugs she's taking. I'd also like to know what elite traders think of her. How do you think this ends?
Aunt Cathie and Uncle Carl sitting in a tree.
Not an equity or growth investor so not really qualified to comment but I will. The transparency is refreshing, but I find some big investor "red flags:" 1.) dunking on other investors such as with those promotional videos that traditional investors don't understand the market/economy. If you're in the space you know the game is hard and karma certainly got her for this Schadenfreude (look at ARKK's destruction of capital). 2.) her oil "forecast" is troubling for several reasons- a.) you're either in or you're out so this "we don't have an official forecast but" is nonsense speaking out of both sides of her mouth; b.) she provides no time frame for her forecast which again allows maximum wiggle room; and c.) despite the dramatic change in fundamentals in the oil market in the last 24 months she has not adjusted her view at all and has the exact same rationale (uhh demand destruction). The latter dogmatic clinging to prior views in the face of opposing evidence is among the ultimate red flags. Kudos to her on a great marketing machine though
Well said, I still have no idea why she even started the “oil price argument”. As someone in the energy space I can tell you the oil price is a punchline (guess cathie is too) the EV revolution is a developed markets theme around technology. Oil is being driven by “developing countries.” Basically both can co-exist.
Anyone who invests / promotes crypto falls in my eyes. Be it buffet. Be it graham. Anyone for that matter.
She's a charlatan and always has been. I've only seen a couple clips, but I don't get the sense she knows her shit.
She repeatedly said over the course of 2021 that the US was set up for deflation, rather than inflation. How can I put my money into an active fund managed by this person?
Interestingly a portfolio of Tesla (10%) + Nasdaq ETF (90%) would have done better than ARKK in the 5y horizon she claims we need (and i checked this even before the latest leg lower in ARK) which says a lot about what the real driver of the hype is.
Shes basically Einhorn at this point. The market will always have room for her and her voice. The market will use her ideas to demonstrate the “deep growth sector”.
As someone who owned ARKK then saw quickly she actually hates being a real PM she wants to he a talking head and “see I was right” type.
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