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Why does Cathie Wood and ARKK get on TV so much, she is a bad PM

Posted on 8/25/23 at 2:26 pm
Posted by secfballfan
Member since Feb 2016
3481 posts
Posted on 8/25/23 at 2:26 pm
ARKK’s flagship innovation fund has underperformed the S&P 500, NASDAQ 100 and NASDAQ indices by A LOT since inception in 2014- yet she has earned 100’s of millions in fees and she is a Celeb on Bloomberg and CNBC. She is a lousy money manager by any measure. Who falls for this crap?
Posted by Sir Saint
1 post
Member since Jun 2010
5469 posts
Posted on 8/25/23 at 2:48 pm to
Bc she’s a woman
Posted by kaaj24
Dallas
Member since Jan 2010
878 posts
Posted on 8/25/23 at 3:36 pm to
30% of the time she is right every time.
Posted by KamaCausey_LSU
Member since Apr 2013
17167 posts
Posted on 8/25/23 at 3:58 pm to
Because she leans into the meme stocks (stonks).
Posted by CAPEX
Member since Dec 2022
918 posts
Posted on 8/25/23 at 4:21 pm to
How many PMs can you name?

She's a household name among casual investors.

Same with Buffet, Munger etc.
Posted by secfballfan
Member since Feb 2016
3481 posts
Posted on 8/25/23 at 4:31 pm to
She's a household name among casual investors.

But why, does anyone EVER ask her about the consistent significant underperformance? 10 years- WAY below passive benchmarks
Posted by The Baker
This is fine.
Member since Dec 2011
19086 posts
Posted on 8/25/23 at 6:02 pm to
Much of wall street was very jealous of her.
Posted by ApexHunterNetcode
Member since Aug 2023
596 posts
Posted on 8/25/23 at 6:04 pm to
quote:

But why


She was positioned perfectly during 2020/2021 with tech growth stocks and other meme type stocks that popped. Everyone paid attention bc of everything else in the world. No rational investor would invest in her funds long term but she made her claim to fame then
Posted by lsuconnman
Baton rouge
Member since Feb 2007
4490 posts
Posted on 8/25/23 at 6:38 pm to
(no message)
This post was edited on 3/3/24 at 10:15 am
Posted by FreddieMac
Baton Rouge
Member since Jun 2010
24839 posts
Posted on 8/27/23 at 8:23 am to
Do not know who is and that sounds good based on these posts...
Posted by KillTheGophers
Member since Jan 2016
6748 posts
Posted on 8/27/23 at 1:45 pm to
“We believe!!”

I would never let her or her team manage $0.01 of mine.

Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19428 posts
Posted on 8/28/23 at 6:32 pm to
All of the talking heads will tell you to buy stocks after they bought weeks ago and up 20%
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 8/28/23 at 6:50 pm to
She seems to be a not particularly good swing trader.
Posted by TigerHornII
Member since Feb 2021
1155 posts
Posted on 8/28/23 at 10:16 pm to
Most if not all of her funds are down now. If there is a tech resurgence coming when the economy eventually turns, now is not a bad time to buy them. Besides, they are just volatile enough that you can make bank selling calls on them, while driving your cost basis down considerably. I'm presently up around $7-$10/sh on my various ARK positions thanks to that.

She did get famous with an epic run that ended with government-fueled inflation in '21. We'll see how she does for real when the economy comes back.
Posted by Auburn80
Backwater, TN
Member since Nov 2017
9612 posts
Posted on 8/29/23 at 5:44 am to
She’s rich, so that makes her at least a money board 8.0.
Posted by CamdenTiger
Member since Aug 2009
65159 posts
Posted on 8/29/23 at 5:49 am to
Agree that she is so cringy, and always seems like she’s always overselling every tech stock-de-jour….It’s when I look at the background details and performance that I understand her strategy ( it’s so bad that she has to oversell it).
Posted by TDTOM
Member since Jan 2021
24808 posts
Posted on 8/29/23 at 10:51 am to
They interviewed her on CNBC one day, and she said investors should have a minimum 5 year time horizon for her ETFs. That is nuts to me.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2920 posts
Posted on 8/29/23 at 11:28 am to
Not the exact same thing but reminds me of how the financial media got behind Elizabeth Holmes. They so want it to be true that they ignore the facts and performance data right in front front of their faces.

At this point she could be the poster child for "past performance does not indicate future results" and "vast majority of active managers fail to beat the indexes." But without active trading and market timing the financial media wouldnt have anything to fill the airtime.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 8/30/23 at 6:32 am to
quote:

She's a household name among casual investors.

Same with Buffet, Munger etc.



1 of these is not like the others. Berkshire Hathaway buys undervalued companies, and hold them forever.

Cathie Wood essentially behaves like a degenerate gambler, buying whatever stock that looks shiny and hoping she guesses right. She can afford to do this because it's other people's money she's investing.

She got lucky a few years ago when a few of her largest holdings went bananas, big fricking deal.

Hell, I bought 5000 AKBA at .37 per share a year ago based on nothing but speculation. Today I look smart, tomorrow I could look very stupid (or at least less smart with the limit stop order I made yesterday.) Speculation buying is always a gamble, buying value is a calculated risk.

This post was edited on 8/30/23 at 6:40 am
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