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That last caveat shouldn't apply now, but the others are useful reminders.almost all of Cathie’s major outperforming years come during special periods in the market cycle, particularly in the periods following a market crash ... Outside of those special events, Cathie’s funds generally underperform equivalent style peers on a year-by-year basis. She has a history of leaving a fund during or following a period of underperformance, then “rebooting” in another fund. This includes a short stint in a hedge fund that lost over 80% of it’s AUM.
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For all funds and ETFs, MFO needs a dynamic new column (input = purchase date) called TTBE, Time to Breakeven
On ARKK and Cathie, I’m mixed but my take-away is the Investment watch blog is not undecided. It basically called ARKK or Cathie a pump and dump scheme (maybe a little hyperbole by me) but then again no that was the conclusion.
The only positive caveat, according to the author… is to catch the very early cycles of her outperformance and this was attributed to Tesla and a Bitcoin Trust.
IIRC Cathie is soon launching a fund to buy stuff that she sells from the flagship funds, presumably for a big drop in momentum/price ... eg, for her fallen angels.
I can't help wondering how that can't be considered a market manipulation if word comes out she sells ABC from ARKK (price goes down even more b/c OMG CATHIE SOLD) but then is buying ABC for her ARK Fallen Angels Fund (price goes up b/c OMG CATHIE BOUGHT).
IMO she's a momentum-only trader. For that particular investing style, and because she's got a cult/herd following (which I never like) I don't want anything to do with her investments.
As investors today it might be a good idea to consider the growing impact short sellers are exerting on some targeted equities.
just chased a tip thanks to someone here, went through this exactly (almost)
The Phantom Tendy
(Not that I'm a r/WSB'er but I'd likely be the one who secretly bought some puts, fwiw saying...)