This is ArkInvest: ark-invest.com
They're a fund focused on "disruptive innovation".
Their approach, "Open Source Research Ecosystem" and Founder's emphasis on creativity as the basis for generating alpha seems more marketing than substance.
Some of their presentations have been fairly unprofessional at times. Not up to the standard of bankers/consultants. Arguably worse than some college presentations too.
Then again, there's been some great research by Chris Burniske: https://medium.com/@cburniske/cryptoasset-valuati…
But some of their assertions are very optimistic and flaky.
What do you guys think?
cataractum, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:
Who will rescue this thread? Brooklyn125 Dwa aeb416
Fingers crossed that one of those helps you.
Yeah it performed very well during the pandemic (like many other tech stocks/etf). would say that while the website has an amazing design and their marketing materials, imo they put their money where their mouth is. For now at least lol
P.S - ik this thread is 2 years old but still gonna respond
Well, how many folks out there putting $7,000 price target for Tesla?
bump
Their performance speaks for itself. More tech exposure + first to bet big on Tesla has equaled really good returns this year. I would feel comfortable putting my money in ARK - one caveat - Cathie Wood might lose control of the fund.
I believe they take a different approach to modeling / forecasts because of the disruptive industries they are trying to predict (ie not straightlining recent growth rates). Guess that is why they end up with some pretty bullish / aggressive predictions.
Recent performance of the Ark ETFs speak for themselves. Also, the fund prospectus and all holdings information are easily accessible at their website.
FWIW, I yolo'd my entire IRA into ARKK leaps after doing my DD (conclusion: SOGU).
They just released their 2021 Big Ideas. Worth a read to get a perspective on what the “growthier” part of the market thinks.
Never thought two of their themes - EVs (Tesla) and Bitcoin would combine in the way it has! LOL.
Cathie Wood is (potentially) intelligent, and it is very difficult to argue with the returns. That being said, ARK seems like a fraud to me. Maybe fraud is too harsh of a word, but it is very reminiscent of Gerry Tsai at Fidelity or even the Chicken Little Growth Fund pre-financial crisis. Returns were ungodly until they weren't. I completely understand the secular trends Cathie is trying to capitalize on, but something about it doesn't sit right (nobody cares about fundamentals anymore?). Also, just watching some of the interviews with Cathie or some of ARK's analysts, these are not investors. These are hype men and women with rose-colored glasses acting like they work for TSLA and not for their investors...
For what it's worth, I actually agree with some of her long-term calls (CRISPR technology for example), but I still think many investors will end up being hurt as, long term, investing in extreme hype rarely works out, even if some of the companies do (see AMZN or CSCO during dot-com bubble). Maybe i'm an idiot and Cathie is the greatest investor of all time -- time will tell...
EDIT 3 months later: I'll just add that after seeing Cathie Wood's interview on CNBC yesterday discussing how Bill Hwang seeded her first 4 ETF's, I'm now far more confident that there is some funny business related to ARK's outperformance over the last year or two... And funny enough I posted this comment at the very top for ARKK ;)
EDIT: 9 months later: Not gonna gloat just yet but Cathie ain't looking too hot rn...
EDIT: Over 1 year later: Moral of the story? Focus on cash flows. History doesn't repeat but it often rhymes.
She cofounded hedge fund and left in 2001...wonder if it went bust in tech bubble.
Yes you put it well. If growth slows down and value starts to outperform funds like hers will be in trouble.
How dare you mention the v word around here!
Nostradamus is that you?
Post aged well… My put on ARKK this year loaded my closet and shoe rack, so imma take the time to thank Cathie and her enormous shit hole
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