I was impressed by ARKK performance until I heard her podcast where she lays out her reasoning. Her idea was that some tech will change world so much that there will be 100X return. This makes her buy into all kind of fishy things which we in tech know as usual startup BS that fails 90% of the times. The problem is that her bets are $125M instead of $125K. As someone working in tech, I thought she was just following buzzwords and hopping at least part of her portfolio would do 100X over 10 years. She is not a tech person. She isn’t a visionary. She has no magic crystal ball. Her fund is directional day trader and nothing more which means it will invest in all kind of bogus companies and likely lose or get lucky.