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re: Some common myths about the markets that are untrue and/or 99% do not know
Posted on 4/16/24 at 4:51 pm to TDTOM
Posted on 4/16/24 at 4:51 pm to TDTOM
I am struggling to see the point of this thread.
fair point- my thoughts is this, when it comes to my car, I know next to nothing, someone could sell me a part that does not even exist and I would not know. However, I ma fascinated when I learn things about cars from those that know. Let's just say I no very little about most things and claim not intellectual high ground above anyone else on this board, but I do know money and markets- as well as the best mechanic knows cars, it is all I do. I will try a less condescending tone-because I do not mean to be.
So here is another fun fact, Cathie Wood's ARKK innovation fund, that anyone who watches CNBC knows is perhaps the most hyped fund and fund manager for the past two years has underperformed EVERY major index since its 2014 inception, yet it generates over $100M a year in fees alone. Marketing is a powerful thing, but numbers never lie.
fair point- my thoughts is this, when it comes to my car, I know next to nothing, someone could sell me a part that does not even exist and I would not know. However, I ma fascinated when I learn things about cars from those that know. Let's just say I no very little about most things and claim not intellectual high ground above anyone else on this board, but I do know money and markets- as well as the best mechanic knows cars, it is all I do. I will try a less condescending tone-because I do not mean to be.
So here is another fun fact, Cathie Wood's ARKK innovation fund, that anyone who watches CNBC knows is perhaps the most hyped fund and fund manager for the past two years has underperformed EVERY major index since its 2014 inception, yet it generates over $100M a year in fees alone. Marketing is a powerful thing, but numbers never lie.
Posted on 4/16/24 at 5:32 pm to secfballfan
quote:
but I do know money and markets- as well as the best mechanic knows cars, it is all I do.
quote:Thanks. Next big revelation? Water is wet.
So here is another fun fact, Cathie Wood's ARKK innovation fund, that anyone who watches CNBC knows is perhaps the most hyped fund and fund manager for the past two years has underperformed EVERY major index since its 2014 inception, yet it generates over $100M a year in fees alone. Marketing is a powerful thing, but numbers never lie.
Posted on 4/17/24 at 8:55 am to secfballfan
quote:
but I do know money and markets- as well as the best mechanic knows cars, it is all I do
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