Prolly horny as hell.
Morningstar Calls Cathie Wood The Worst 'Wealth Destroyer'
- Thread starter TrailerParkTed
- Start date
She reminds me of the Christian Quarterback Tebow. Mediocre talent but infinite belief in himself. He did beat the Steelers in a wildcard game so he wasn't all bad.
I did like her style of picking high revenue growth companies but that's not a static group of stocks. High growth stocks change constantly and she just stuck with the same ones over time. It paid off for her with Tesla but a lot of the other companies were just mirages of the pandemic. She just didn't realize it. Sticking with Docusign & Zoom after the main growth driver was over didn't make sense.
I did like her style of picking high revenue growth companies but that's not a static group of stocks. High growth stocks change constantly and she just stuck with the same ones over time. It paid off for her with Tesla but a lot of the other companies were just mirages of the pandemic. She just didn't realize it. Sticking with Docusign & Zoom after the main growth driver was over didn't make sense.
My point isn't about ETF or crypto. It's about the label "the worst wealth destroyer". Fine, Cathy Wood is a lousy investor, and even worse, she's a lousy market timer. But why point fingers now? Why didn't Morningstar make the same claim 2 years ago when the market was imploding? Better yet, did they themselves know the Bitcoin would drop so much in 2022? Ah, puhleeeeeeeez!
What Morningstar wrote about Cathy Wood is simply cowardly and, might I add, sleezy.
And got lucky on Covid. Jeez
Not to worry: As soon as Cathy's $2.3 million price prediction for Bitcoin arrives, she will be sitting pretty. She really needs to change her medications.
I'm not a Morningstar subscriber. Are you?
So who's to say they did not point out how lousy her track record was after a lousy 2022.
To me a track record of a fund is how big a size does it grow to .... and sustain.
She's failed the latter part.
To cut her some slack, most funds including Hedge Funds lose so she is no difference, except she is one of the few out front online and on cable TV hawking so .....
Again Morningstar has nothing to do with Bitcoin, other Cryptos so no they said nothing about Bitcoin 2022 drop.
%%
Good points maxi, because common sense suggests many will perhaps buy a high rated ETF or some of them stocks.
Morningstar has a 3 star rating on BA, top rating is 5 stars=1-31-2024[Edit, 1 star is lowest rating.]
Wow, no wonder Rich Dennis said ''do your own research''
Scalping is often times blasted as a losers game or extremely difficult to pull off. It seems to me the same thing can be said about long-term investing. In either case folks need to know what they are doing. Yes, a scalper can lose but if they are disciplined their losses can be minimal. Investors and other long-term traders can lose too and often those losses are chaotic and demoralizing.
People need to have the guts and discipline to do what needs to be done when they are wrong. But these are skills that takes study, practice, observation, a willingness to learn, persistence and intuition.
At least with a scalper, win or lose for the day, he can sleep at night not wringing the sweat out of his hands. He either made it that session or suffered a loss that session and the next morning is a new sunrise and a new and different opportunity.
My younger brother is moaning cause he lost a chunk in his 401k. And he is getting close to retirement. He says he tried to get me to manage his money ...I don't remember that...but I wouldn't do it any way and have no plans to ever manage anyone else's money. The markets give and the markets take. Knowing this, why would I use other peoples money and run the risk of destroying their hard earned wealth or retirement nest. That risk can ever be fully mitigated regardless of one's skills. Disasters can happen.
Every man has to do whatever floats his boat. Me thinks people should take the time to learn the markets and trade their own money. And be responsible themselves for their wins or their losses.
People need to have the guts and discipline to do what needs to be done when they are wrong. But these are skills that takes study, practice, observation, a willingness to learn, persistence and intuition.
At least with a scalper, win or lose for the day, he can sleep at night not wringing the sweat out of his hands. He either made it that session or suffered a loss that session and the next morning is a new sunrise and a new and different opportunity.
My younger brother is moaning cause he lost a chunk in his 401k. And he is getting close to retirement. He says he tried to get me to manage his money ...I don't remember that...but I wouldn't do it any way and have no plans to ever manage anyone else's money. The markets give and the markets take. Knowing this, why would I use other peoples money and run the risk of destroying their hard earned wealth or retirement nest. That risk can ever be fully mitigated regardless of one's skills. Disasters can happen.
Every man has to do whatever floats his boat. Me thinks people should take the time to learn the markets and trade their own money. And be responsible themselves for their wins or their losses.
100%!
When their account makes money they win.
When their account loses money you lose. (Get the blame).
They'll remember the losses and forget the wins.
If they're trading the account and ask for advice and receive a buy signal they'll buy but won't sell when you tell them, then blame you when it goes underwater.
heir apparent? Cathie Wood is no spring chicken. She is 68!! In about 2 years, she will be 70 years old! Why would you want a 70-year-old geezer taking over a fund? And Buffett, from the way he looks, it doesn't look like he's kicking the bucket anytime soon. When is she going to inherit the fund? At 80+? At 90?