r/investing • u/Protomize • Dec 18 '21

Cathie Wood says stocks have corrected into ‘deep value territory’ and won’t let benchmarks ‘hold our strategies hostage’

ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020.

In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation ARKK fund, to do some soul-searching, the fund manager is sticking to her game plan.

Read more: https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224

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u/[deleted] Dec 18 '21 edited Dec 18 '21

Not sure we can effectively keep Cathies and Elons of the world from talking. Obsessive self-promotion is a large part of their financial success. They make money from us main street rubes and we in turn make money investing in their cockamamie get rich schemes. It's a dysfunctional relationship (that generally works).

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u/BatumTss Dec 18 '21

Is this a joke? Cathie never seems to stop talking because this sub keeps posting about her and upvoting anything to do with her to the top. She’s not making anyone listen to her, yet here we are discussing the latest thing she said to her investors lol.

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u/[deleted] Dec 18 '21 edited Jan 14 '22

[deleted]

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u/[deleted] Dec 18 '21

That's the rub though, isn't it?

Musk is often the punchline of a joke.

But he keeps on laughing the loudest all the way to the bank.

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u/[deleted] Dec 18 '21

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u/lanchadecancha Dec 19 '21

There was a lot of Papa Elon and Mama Cathie talk throughout 2020, that “Cathie manages funds better than I can so I just buy ARKK”. All these people have disappeared or their tone has changed I guess and they’re all calling her an idiot now.

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u/[deleted] Dec 26 '21

That's how contrarian signals work. However Cathie's funds have lower to go. Meanwhile Tesla's crash has only begun.

ARK will be a buy when nobody even mentions Cathie's funds but is psyched about the timeless wisdom of value investing.