He hooked me up on WebVan, I liked HB!
Morningstar Calls Cathie Wood The Worst 'Wealth Destroyer'
- Thread starter TrailerParkTed
- Start date
WTF does that have to do with ETF performances? Bitcoin ETF's just started.Well, not that I'm a fan of ARK, but isn't it kinda hypocritical for Morningstar to come out with such a stellar review after the fact?Where the hell were they when Bitcoin, along with most of the equity indices, was making ATH day after day in 2021? Did Morningstar warn that the impending financial storm was just around the corner, even once?
Why don't ya go spit on your face instead?
Morningstar just rates ETF's and Funds of various kinds AFAIK.
Wild Bill was doing the Lord’s work too!
“Billionaire Who Invested ‘According to the Word of God’ Charged with Multibillion-Dollar Fraud
Bill Hwang is at the center of what white-collar crime experts see as Wall Street’s biggest indictment since Bernie Madoff.
EMILY BELZ IN NEW YORK
MAY 3, 2022 12:02 PM
简体中文한국어繁體中文
Image: Spencer Platt / Getty Images
Archegos Capital founder Bill Hwang leaves federal court in Manhattan after being indicted on fraud charges.
Your daily news briefing from the editors of CT:
[ This article is also available in 简体中文, 한국어, and 繁體中文. ]
When the founder of Archegos Capital Management, Bill Hwang, was charged in a multibillion-dollar criminal case last week, the federal district attorney said the Christian investor’s “massive fraud … nearly jeopardized our financial system.”
https://www.christianitytoday.com/n...archegos-capital-management-white-collar.html
Thinking about religion and trading.....
Bernard Madoff's Yom Kippur: 'He Can't Be Forgiven'
Federal prison allows Jewish inmates an evening of prayer on day of atonement.
ByABC News September 28, 2009
https://abcnews.go.com/Blotter/Mado...n-yom-kippur-prayrer-session/story?id=8696186
-- On the first Yom Kippur since his multi-billion dollar Ponzi scheme was exposed, Bernard Madoff was allowed to take the day off from his prison work detail at Butner prison in North Carolina and pray for forgiveness of his sins, according to a Bureau of Prisons spokesperson.
Prison officials would not say if Madoff, serving a 150-year sentence, took advantage of the day off on the holiest day of the year in the Jewish faith or whether he participated in an evening prayer session with other Jewish inmates on what is a day of atonement and repentance.
"He should be asking every single person whom he lied to and whom he cheated for forgiveness," said Hasia Diner, a professor of Hebrew and Judaic studies at New York University.
Madoff's only apology came at his sentencing in June, when he briefly turned to face victims in the courtroom and said, "I'm sorry. I know that doesn't help you."
Under Jewish tradition, one who has sinned should ask the victim for forgiveness three times to relieve himself of his burden of guilt.
Madoff's friends and family say he was never considered an observant Jew and often mocked his younger brother, Peter, who is an orthodox Jew.
"He used to taunt Peter by saying his favorite food was pork," said one person close to the family in The Madoff Chronicles, published today.
Many of Madoff's victims are Jewish, including a large number of Jewish charities.
"The law of holiday is that he can't be forgiven by the Lord unless he gives us back our money," said Carla Hirschorn, one of the victims.
Asked what Madoff should atone for on Yom Kippur, another victim, Carol Baer said, "For not living his life as a Jewish person should. For not being a human being."
At the time of his arrest, Madoff's investors thought they he was holding more than $65 billion in stocks and cash for them.
Investigators discovered he had never traded a single stock over several decades.
Investors are expected to get, at most, five to 10 cents for each dollar they invested.
The story appears to be incomplete.
How much did Moaningstar lost because they pressed BUY & SELL buttons in the wrong sequence when trading ARKK?
ARKK uptrend started in Mar 2020.
ARKK downtrend started in Nov 2021.
So Moaningstar should be rejoicing because
uptrend - they earn $$$$$$$
downtrend - they also earn $$$$$$
Last edited:
A simple search would tell you they rate things, not trade things.
Did you even bother reading the article? If what you say is true, why the f^ck is Morningstar bitching about something that happened in 2022?
"After garnering huge asset flows in 2020 and 2021 (totaling an estimated $29.2 billion), its funds were decimated in the 2022 bear market, with losses ranging from 34.1% to 67.5% for the year," said Morningstar's Amy Arnott. "Many of its funds enjoyed a strong rebound in 2023, but that wasn't enough to offset their previous losses." (from the OP's post)
Also from IBD:
https://www.investors.com/etfs-and-funds/sectors/sp500-morningstar-calls-cathie-wood-the-worst-wealth-destroyer/#:~:text="After garnering huge,their previous losses."
Yes did you read it?Did you even bother reading the article? If what you say is true, why the f^ck is Morningstar bitching about something that happened in 2022?
"After garnering huge asset flows in 2020 and 2021 (totaling an estimated $29.2 billion), its funds were decimated in the 2022 bear market, with losses ranging from 34.1% to 67.5% for the year," said Morningstar's Amy Arnott. "Many of its funds enjoyed a strong rebound in 2023, but that wasn't enough to offset their previous losses." (from the OP's post)
Also from IBD:
https://www.investors.com/etfs-and-funds/sectors/sp500-morningstar-calls-cathie-wood-the-worst-wealth-destroyer/#:~:text="After garnering huge,their previous losses."
Because it is an ETF, not a Crypto.
It could of happened in 1922. It still in their ballywick so to speak.
Are you ok?
I don't have evidence for this but I suspect quite a few that invest with her don't do so because of her track record. So she will be fine, she's an excellent marketer.