There's a whole generation of fund managers never lived through 2000 or 2007... some who did but don't realise, as you say, and as it is always "this time is fuckin different"... each time is fuckin different... this time is similar simply 80% of all USD were printed the last 2 years and a lot of it is in utter shite like TSLA.
Let's not forget the dotcom bubble. In grad school our Prof was one of the top fund managers before retiring. AOL was all the rage and he was talking about the PE and overall saying he wouldn't touch it at the insanely overpriced range it was trading "This time it's different fundamentals don't matter b/c reasons" When AOL tumbled a few laters I remember it vividly and each time... but it's always different this time.
May 6, 2022·edited May 6, 2022Liked by Quoth the Raven
Wood’s savvy is in affiliate marketing scams. I had a friend who went to bitcoin Miami and really liked her presentation there; he’s a smart guy, doesn’t know jack about Woods and her ‘battle tested nonsense’ and just bought into ‘she says nice things about bitcoin so she must be smart’. Although I have a positive view in bitcoin’s fundamental value, I’ve made the point to more extreme members of the cult that these affiliate marketers (Wood et al) have no real loyalty. It’ll be bad for the spot price of btc if/when Wood starts dumping her gbtc holdings to cover losses, whether those losses occur in gbtc or not. Of course, Cathy doesn’t care; I’m sure her personal earnings are safely protected from direct exposure to her funds (other than vacuuming as much fee revenue as possible).
Cathie is bad no doubt. But what about hucksters like Chamath Palihapitiya and all the worthless SPAC crap he dumped on the market while appearing daily on the finance news shows
They have one last bullet- $2.5 T left in the reverse repo….. when a G-SIB starts to collapse- you will see that money come off the sidelines and one last bump up….. not really a dead cat bounce….. more like a dead bull bounce!!
She must be a helluva fuck……. This type of stupidity-reminds me of that saying 2 things can make wealthy intelligent men, stupid…….. sports and women!!!
We are watching the Tech it girl….. that every overnight billionaire dreams of having on his arm……. 89%…. She’s lost all but a dime of her original investments….and she’ll lose that due to inflation in no time!!
“There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.” JK Galbraith
"Never confuse brains with a bull market"
There's a whole generation of fund managers never lived through 2000 or 2007... some who did but don't realise, as you say, and as it is always "this time is fuckin different"... each time is fuckin different... this time is similar simply 80% of all USD were printed the last 2 years and a lot of it is in utter shite like TSLA.
Let's not forget the dotcom bubble. In grad school our Prof was one of the top fund managers before retiring. AOL was all the rage and he was talking about the PE and overall saying he wouldn't touch it at the insanely overpriced range it was trading "This time it's different fundamentals don't matter b/c reasons" When AOL tumbled a few laters I remember it vividly and each time... but it's always different this time.
Yes, you are right about her foolish luck and demise. I have done well shorting her ARKK crap pile. Just waiting for TSLA to dump.
I liken her to Elizabeth Holmes. Just as homely, just as crazy. It's the media I blame for giving her the time of day.
I do not believe Cathie believes what she is saying. No different than any sell side pitchman. Booyah!
Wood’s savvy is in affiliate marketing scams. I had a friend who went to bitcoin Miami and really liked her presentation there; he’s a smart guy, doesn’t know jack about Woods and her ‘battle tested nonsense’ and just bought into ‘she says nice things about bitcoin so she must be smart’. Although I have a positive view in bitcoin’s fundamental value, I’ve made the point to more extreme members of the cult that these affiliate marketers (Wood et al) have no real loyalty. It’ll be bad for the spot price of btc if/when Wood starts dumping her gbtc holdings to cover losses, whether those losses occur in gbtc or not. Of course, Cathy doesn’t care; I’m sure her personal earnings are safely protected from direct exposure to her funds (other than vacuuming as much fee revenue as possible).
"Lobotomized financial media..."
Indeed!
Cathie is bad no doubt. But what about hucksters like Chamath Palihapitiya and all the worthless SPAC crap he dumped on the market while appearing daily on the finance news shows
She also said during the interview on CNBC last week that 16% of Americans are paid subscribers of Teladoc. I was like, What?!?!?
Great Article, Thank You!
Is there no chance that the fed will reverse course to keep the stock market propped up and let inflation run wild?
They have one last bullet- $2.5 T left in the reverse repo….. when a G-SIB starts to collapse- you will see that money come off the sidelines and one last bump up….. not really a dead cat bounce….. more like a dead bull bounce!!
She must be a helluva fuck……. This type of stupidity-reminds me of that saying 2 things can make wealthy intelligent men, stupid…….. sports and women!!!
We are watching the Tech it girl….. that every overnight billionaire dreams of having on his arm……. 89%…. She’s lost all but a dime of her original investments….and she’ll lose that due to inflation in no time!!
Cathie Wood is this bubble's Garrett Van Wagoner. SARK 🚀
“There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.” JK Galbraith
einstein said it first
this dude said it best
https://www.youtube.com/watch?v=itjmKlYjUak
Apparently she does not believe in basic accounting fundamentals.. Growth at any price has never been a good philosophy.