During lockdown I found that a bag of ‘meme stocks’, like Gamestop and AMC was outperforming the ARKK ETF, and still does so in the current downturn. I don’t quite get how a huge ETF could perform worse than an obviously stupid investing strategy…
I don’t think Cathie Woods has ever read a single book on investing. If she has she ignored everything she read.
i cringed reading that
Just fyi, your prior comment somewhat contradicts this one. If Wall Street professionals themselves don't know anything about investing and are just fooling themselves, then how can any book know more than they do, given that investing books are written either by Wall St professionals, or by not-Wall St professionals. For someone like Cathie who is actively studying the markets all day and has her, or her clients', own skin the game, investing books would be no better and likely worse sources of information for her.