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Cathie Wood Is Playing With Fire

quoththeraven.substack.com

Cathie Wood Is Playing With Fire

The manager has seen her flagship ETF fall by 23.9% YTD and all of a sudden is playing it fast and loose with language in her investor letters.

Quoth the Raven
Dec 21, 2021
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Cathie Wood Is Playing With Fire

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If you read Cathie Wood’s letter on December 17, 2021 and were excited to invest because it suggested that Wood was assuring investors in her ARKK fund a 40% compounded annual return, you already need to realign your expectations.

Wood has updated her now infamous December 17, 2021 blog post/standup comedy skit in which she argued that “innovation stock…

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