I have a few well-known obsessions. One of them is an abiding puzzlement as to why Cathie D. Wood is ever permitted near a television camera. Indeed, cameras follow her wherever she goes to capture whatever blather she’s got to sputter. I wrote about the latest, her prediction for $2.3 million per Bitcoin, yesterday.
Silver Singularity mentioned the underperformance of ARKK, her main fund. I checked, and, yep, it’s awful. This is the ratio chart of ARKK versus the plain old boring QQQ. Think about it. If she’s so into disruptive tech, why on earth would the QQQ absolutely smoke her? Over the lifetime of ARKK, it has performed HALF as well as the QQQ. HALF!
Oh, well. At least she warns us when things are frothy, like in 2021 before everything peaked.
