By Speculative you mean like throwing a dart by a monkey? No money management? nothing?Her fund is highly speculative. Investors should expect 80%+ drawdowns in a fund like hers.
The thing that gets her all the hate is that she is always pumping her fund hard, even through drawdowns and always talking about the upside side of things, never mentioning the fact that huge drawdowns should be expected in a fund like hers. Of course that is probably in the small print because it is legally required, so her ass is covered.
Don't worry, I'm sure she was buying HOOD today to make up for that.Oops. Cathie missed buying AMZN shares just before dropping 12% AH.
Most probably in 5 years later there will be no ARKK or there will be a 10/1 reverse split and it will be around $140.To be fair, she asked for a 5-year timeline...
I wonder if she knew that's how long it will take her old friend Bill Hwang to get out of prison... then he can kick-start her ARKK 2.0 fund again like he did the first time.