Quote:
Originally Posted by scho63
This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.
It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife.
Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy.
|
She deserved every bit of that too. Ive paid attention to her moves since she became some sort of guru to a lot of people. All I can say is that she got very lucky. Since then, she has lost so much money, her trades make zero sense.
Her buy high sell low strategy is literally killing her ARK funds.
Glad I only watched and didnt follow her into the market...