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.

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…