Elon Musk said over the weekend that Twitter's advertising revenue has fallen by 50% since he bought the company, and that it's not cash flow positive.
She does not have superhuman stock picking and macroeconomic environment decoding abilities. She got massively lucky with China until Xi decided that large successful Chinese enterprises were a danger to his Party and COVID+inflation stressed all other companies
Religiously, I have severe problems with prosperity gospel bullshit that Cathie Wood (and similar investors) follow. These people are literally praying to God for more money, and trying to convince the religious folk out there that this is normal. (Ignoring the fact that Jesus literally warned us against this practice)
And not like how poor people pray to God to have enough money to keep their house or other necessities. She’s literally praying for the excessive amounts of wealth that only exists in top-level venture capitalism firms.
I’m somewhat religious myself, and I know there’s a lot of atheists out there. But I feel the need to point out the prosperity gospel bullshit whenever she comes up, because I think this is a dangerous religious movement that needs to be kept in check.
So religiously at least, I think Cathie Wood is a scam. What she invests into is momentum-following / following of hype for the most part (kind of standard in the great scheme of crazed venture capitalist firms these days). Its really the religious slant she represents that bothers me more so than others.
I had some of her ETFs. Yes, had. They did okay when the topic they cover was getting media attention or breakthroughs or whatever but granted I was only paying attention to them during the late 2020 bull market when most everything did at least okay.
Specifically, my shares of her gene therapy ETF did well. My shares of her robotics and technology one did meh. I can’t honestly remember how my share or fraction of her fintech one did lol
Last thing I heard, Cathie Wood is not much better than Musk and Ark is quite a scam. Did I get it wrong?
She does not have superhuman stock picking and macroeconomic environment decoding abilities. She got massively lucky with China until Xi decided that large successful Chinese enterprises were a danger to his Party and COVID+inflation stressed all other companies
Possibly not, but people believe Ark and that will affect the valuation.
Religiously, I have severe problems with prosperity gospel bullshit that Cathie Wood (and similar investors) follow. These people are literally praying to God for more money, and trying to convince the religious folk out there that this is normal. (Ignoring the fact that Jesus literally warned us against this practice)
And not like how poor people pray to God to have enough money to keep their house or other necessities. She’s literally praying for the excessive amounts of wealth that only exists in top-level venture capitalism firms.
I’m somewhat religious myself, and I know there’s a lot of atheists out there. But I feel the need to point out the prosperity gospel bullshit whenever she comes up, because I think this is a dangerous religious movement that needs to be kept in check.
So religiously at least, I think Cathie Wood is a scam. What she invests into is momentum-following / following of hype for the most part (kind of standard in the great scheme of crazed venture capitalist firms these days). Its really the religious slant she represents that bothers me more so than others.
I wasn’t aware of the religious slant but - as an atheist myself - Amen to that brother!
I had some of her ETFs. Yes, had. They did okay when the topic they cover was getting media attention or breakthroughs or whatever but granted I was only paying attention to them during the late 2020 bull market when most everything did at least okay.
Specifically, my shares of her gene therapy ETF did well. My shares of her robotics and technology one did meh. I can’t honestly remember how my share or fraction of her fintech one did lol
Ok, then not so bad after all?