30 year ago, December 1992, the DOW was 3300, today it is 33000. + Dividends. So i guess she we have to admit she has been right.
Nasdaq done even better from 600 to 10,000 with 80% up years.
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Cathie Wood is the face of the Nasdaq implosion
- Thread starter Innervoice
- Start date
30 year ago, December 1992, the DOW was 3300, today it is 33000. + Dividends. So i guess she we have to admit she has been right.
Nasdaq done even better from 600 to 10,000 with 80% up years.
It seems that having a distinctive 'look' has a lot to do with it.
Branding, image, etc.
I always think of Carlos Santana in that regard,
you know who it is immediately.
His 'look" will never change.
So, Wood, Trump, Dolly, etc
(...even SBF...)
Bottomline with Cathie:
Everyone can be lucky and have the right strategy for the right times.(aka owning tech stocks in a bull market) But luck should not be confused with skill, and a smart person recognizes luck and cashes out.
She is not smart and held on to her tech stocks thus the 70% drop for ARK. A one trick pony who didn't even do the trick correctly.(cashing out)
Everyone can be lucky and have the right strategy for the right times.(aka owning tech stocks in a bull market) But luck should not be confused with skill, and a smart person recognizes luck and cashes out.
She is not smart and held on to her tech stocks thus the 70% drop for ARK. A one trick pony who didn't even do the trick correctly.(cashing out)
I like the music Santana puts out, and while I don't listen to Dolly she is quite the writer for a lot of musicians.
It would be win win if your investments were profitable. The goal is to get enough AUM so the received 2% fee is enough to live off comfortably.
You aren't understanding the role of a specialty etf or fund. It wouldn't be performing it's function if a huge chunk of it was cash. Again, if I were to buy say a junior mining etf I wouldn't want the fund to be 90% cash based on the manager trying to market time a cyclical area. Now if she's underperforming other speculative IT funds fine you can criticize that. "Cashing out" is not an option. Putting a hedge overlay might have been good but how many fund managers do this and were they able to perform well the last 10 years overall ?
Tesla still holds just under 10K bitcoins on the balance sheets. If the share-price hits $5, I'm in.
27 of the 30 DOW Industrials that made up the index in 1992 have been dropped from the index.
Innovation becomes stagnation and needs to be replaced with new innovative companies.
Cathie never sells, she just keeps averaging her losers.
If she had been managing the DOW starting in 1992, the DJIA would be sitting at about 33 right now.
Actually about half the stocks in the DOW are the same from 1992. Nothing wrong with rebalancing a portfolio like the DJIA. Otherwise it would still be full of ancient stocks like Bethlehem steel, from the 1800s, which was finally dropped from the index in 1997.
We were talking about perma bulls like Joseph Cohen, she was always bullish and used to set a 10% up target for the S&P every year for decades.
Cathie woods is just crazy, averaging down on losing stocks. Deserves to go broke except she is mostly doing it with other peoples money.
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