re: The ARKK’s about to take on water?

She's now down since the start of the pandemic - despite having TSLA as her largest position. If we had just thrown darts at the wall, but were told that our biggest position at 10% was TSLA, it seems like it would have been hard to still be down. Yet here we are. Why does anyone ever fall for this nonsense?

How does liquidity work for this type of ETF? With most ETFs it’s a direct relationship between the category and your share’s performance. Yet with her ETF she arbitrarily chooses her stocks and how much. In theory could she wipe out the fund with a single bad trade…yet still see the share price rise because of her devoted followers won’t sell? When her reserves are exhausted does she just issue more shares to raise capital to chase new stocks? It almost seems like the business model is perfect for anyone interested in backing degenerate gamblers at the L’auberge.