Posted by chartboy on 24th of Feb 2022 at 07:12 am
Looking at ARKK under 60$ made me think of a conversation I had
here with another member about a year ago when it was close to
$120. Figured it is worth bringing up given what has transpired
since. None of these moves are without precedent.
Posted by timebandit on 24th of Feb 2022 at 07:51 am
I attended a session in 2000 with what, at that time, was a Big
Six accounting firm. (Arthur Andersen had not yet evaporated due to
the Enron scandal.) The session's topic was what new forms of
valuation were required in the dot-com economy. It was definitely a
down is up, the sky is green moment
Great call by you. The thing that's really disconcerting
about Cathie Wood and her ARK funds is that she's stubborn to a
"T", arrogant and rarely if ever admits to being wrong, That's a
bad combination for a major fund manager.
In a recent interview she got defensive and actually claimed she
was running a deep "value" fund: "Give us five years, we're running
a deep value portfolio". I wonder if a similar disclaimer is
included in the ARK prospectuses? Most of her funds are
already down 50% from their highs and the bear market is just
getting under way.
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Looking at ARKK under 60$
Posted by chartboy on 24th of Feb 2022 at 07:12 am
Looking at ARKK under 60$ made me think of a conversation I had here with another member about a year ago when it was close to $120. Figured it is worth bringing up given what has transpired since. None of these moves are without precedent.
I attended a session in
Posted by timebandit on 24th of Feb 2022 at 07:51 am
I attended a session in 2000 with what, at that time, was a Big Six accounting firm. (Arthur Andersen had not yet evaporated due to the Enron scandal.) The session's topic was what new forms of valuation were required in the dot-com economy. It was definitely a down is up, the sky is green moment
Great call by you. The
Posted by RichieD on 24th of Feb 2022 at 07:49 am
Great call by you. The thing that's really disconcerting about Cathie Wood and her ARK funds is that she's stubborn to a "T", arrogant and rarely if ever admits to being wrong, That's a bad combination for a major fund manager.
In a recent interview she got defensive and actually claimed she was running a deep "value" fund: "Give us five years, we're running a deep value portfolio". I wonder if a similar disclaimer is included in the ARK prospectuses? Most of her funds are already down 50% from their highs and the bear market is just getting under way.