The rise and fall of Cathie Wood, controversial Wall Street investor
Sad to see people piling on that hit piece.ARK is far from failing. According to the article they still have $16 billion under management.Which is a lot. For context, Ackmans' PSH is $12 bilion.It's a hit piece because it's all character assassination and zero arguments for why she might be wrong.Even if you don't like her investing it should bother you that the article is all innuendo."She's crazy christian". "She took money from Bill Huang". "It's all fed-driven mania". "She's trading like an amateur hodler". "That guy says she doesn't know what she's doing". "clickbait-like flood of dopamine-inducing buzzwords".Bill Ackman, Jim Chanos, Micheal Burry - those are just few investing douchebags that had one or two hits and then proceeded to be wrong and loose money many times over.I've never seen such hit piece written about any of them. They're still considered successful investors.I think she's getting a bit of reflected Musk hate because unlike pretty much all wall street "professional" she was right about Tesla.When Chanos, Ackman, Burry (and many, many others) were calling Tesla overvalued company nearing bankruptcy and loosing money shorting it, she made the right bet for the right reasons and won big.ARK is heavily invested in tech stocks. Tech stocks took a beating for reasons you didn't predict so if you're making fun of her investments, you better be doing it from private island you bought after shorting tech stocks six month ago. Cathie Wood is stupid because it was all so obvious that inflation, war and fed rising rates will happen, right?