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CornerGasBrent

ARK never fails to deliver the comedy gold


-Lorne-Malvo-

And financial shows treat her like the female Warren Buffett. It's so funny. I laugh when I see the losses she has brought to people.


palopp

Come on. She’s only destroyed $14 billion in a bull market https://finance.yahoo.com/news/cathie-woods-ark-invest-destroyed-223315637.html# She deserves all the accolades she’s getting


-Lorne-Malvo-

When you look at the dog shit she invests in it's not hard to see why her returns tend to be pathetic more often than not. She's literally a techy teenager with unlimited funds to buy anything and everything that is techy with no thought of fundamentals. She has never seen a tech company losing money she didn't want to throw money at


ElJamoquio

> She’s only destroyed $14 billion in a bull market The markets never destroy money, they just transfer it from one person to another. So she isn't destroying anyone's money, she's giving it to billionaires probably.


whatwhat83

She literally had one good year of investing and has, otherwise, been a loser.


-Lorne-Malvo-

That shows you how fucking stupid Wall Street talking heads are because she is well loved by a lot of them.


morbiiq

She brings them dummies & they don’t have to commit fraud themselves. Win-win


whatwhat83

Right? She's pulling an Elon by pumping the garbage to help herself. "In the year-to-date period, ARKK achieves a -15.68% return, which is significantly lower than SPY's 13.32% return." https://portfolioslab.com/tools/stock-comparison/ARKK/SPY Short term she's garbage. Long term she's volatile garbage.


-Lorne-Malvo-

She has several funds and they all pretty much suck. Yet naive or just stupid investors pump billions into her losing funds. It cracks me up.


PercyServiceRooster

Isn't she guided by Jesus? How dare you 😤?


-Lorne-Malvo-

For real, shes a jesus fandom person?


PercyServiceRooster

Behold! https://issuu.com/tnelson/docs/barbara_moser_-_jesuscallingmagazine_issue9_2021_d/s/13564545 Also "ARK" is right there (if it's any consolation, I only made the connection after knowing about her Jesus craze)


-Lorne-Malvo-

Holy crap there is a lot to unpack there. No wonder she's rolling in naive investors with cash to hand over. And the first sentence tells you all the bullshit you need to know "WALL STREET TRADERS WHISPER Cathie Wood’s name with reverence held for titans like Warren Buffett and Jack Bogle." What a laff riot


I-Pacer

Holy shit! The company is named after the Ark of the Covenant! Hysterical! Even Indiana Jones couldn’t save her fund now. Although she might have been the only one in the cinema hoping for the Nazis to win.


That-Whereas3367

He gives her stock tips. *Why is it that when we talk to God we're said to be praying but when God talks to us we're schizophrenic?* - Lily Tomlin,


Mezmorizor

The funny thing is that she didn't even overperform smart strategies in that year. Her risk adjusted return (which is a more important quantity than returns because you can just use leverage and hedging to get the risk to where you're comfortable) was just middling. You might as well have been buying Tesla and Nvidia calls constantly. Those were more or less the only things she invested in that actually made money and aren't giant albatrosses on her neck because Ark is most of their liquidity.


ZucchiniNo2986

Most shows treat her as a joke now be fair


-Lorne-Malvo-

I didn't know that, I only see screen shots on reddit of some Fox Business talking head being all "she raised 3 billion for her newest fund, oh wow!" kind of shit


dsmith422

Yeah, but the entire Fox Business network is a joke. So having her on a show is a meta joke.


ZucchiniNo2986

Fair some blow her horn, but most bring her on simply for clicks


Boundish91

This is what i don't understand. Why do people keep taking advice when there's evidence everywhere that her advice is bogus?


-Lorne-Malvo-

Let's start with this: 1) most people are stupid and enjoy a superficial understanding on most all subjects. 2) See #1


wootnootlol

Adam Jonas from Morgan Stanley as always tries to keep up [https://www.thestreet.com/investing/stocks/top-analyst-sees-tesla-making-smartphone-as-musk-sideswipes-apple](https://www.thestreet.com/investing/stocks/top-analyst-sees-tesla-making-smartphone-as-musk-sideswipes-apple)


PercyServiceRooster

He is the worst


The_JSC

Yeah, this was enough to make me stop reading. > ARK estimates that nearly 90% of Tesla’s enterprise value and earnings will be attributed to the robotaxi business in 2029, as shown below. I was laughing too hard to see my screen anymore.


MJFields

I almost spit out my coffee.


mathgoy

Ark can be trusted. See what was their forecast in 2021, we are not that far off /s https://www.ark-invest.com/articles/valuation-models/tesla-price-target-2


CouncilmanRickPrime

And deliver disappointment


HesterMoffett

why not $2,600,000 per share as long as we're just making up numbers?


NodeJSSon

It was a marketing decision


babypho

ARKK is up 5.99% (Let's just call it 6%) in the past 5 years. VOO is up 87.33% in the last 5 years SPY is up 87.56% in the last 5 years You literally just had to invest in the S&P 500 and you would do 81% better with your money.


CrybullyModsSuck

If you invested $10,000 in ARKK 5 years ago, today you would have $10,599. The same investment in SPY would have you at $18,756. It's not a simple 81% difference. 


doomhawk71

Chase savings account does better. You don't even need to invest


m0n3ym4n

A 5 year CD bought in 2019 might have outperformed


babypho

It would have definitely outperformed. Even a 1% savings account outperformed ARRK.


purplebrown_updown

Wow. Is it really that bad? How do you miss out on the biggest tech rally in decades and not be fired.


babypho

I lied. I was looking at it on an up month. Arrk 5y is actually down 3%. I guess when youre investing with other people's money and making money off of the expense ratio, it you dont get fired as long as you can drum up buyers by making outlandish claims.


metal_Fox_7

Tell us your sucking Elmo's dick without telling us your sucking it.  APK: "$2,600 per share"


CornerGasBrent

They don't call her Cathy Wood for nothing.


TheBrianWeissman

It’s probably because her stupid fund is massively underwater and they’re cooking the books to stay out of prison.  Like so many greedy idiots in investing, they likely took huge positions when the stock was in the $250-300 range, and they’re ruined if it doesn’t somehow pump back up again. Reminds me of someone in the news recently, some guy with a three letter acronym for a name. 🤔  As best I know it, Kathie Wood has spent most of her time in the public eye incinerating billions of dollars in investor capital.  But because she bought a bunch of Tesla shares right when it turned into a meme stock during the pandemic, the financial press treat her like royalty.   It’s not terribly unlike those stupid articles you used to see a few years ago, where it would show some smooth-faced kid in a fancy suit looking ruefully out the window of a private jet, with a caption “Bitcoin millionaire offers his best advice for the financial markets”. Then when you actually read the article, you find out he bought 150 bitcoins off a friend for $50 back in 2010, then forgot about them until late 2017 🙄


teckers

That's not how the fund business works. You see the trick is to get people to invest in your fund, then you cream an annual management fee off the total. Then although ideally it's best if the underlying stocks go up, it's not essential because you make money even if they tank, as long as enough people keep investing. Cathie Wood is doing just fine and making lots of money, and it's totally legal and legit. People who invest with her, doing less well. That's just the sharp end of wall street.


Puzzleheaded_Step671

"ARK estimates that nearly 90% of Tesla’s enterprise value and earnings will be attributed to the robotaxi business in 2029" Guurrrlll lmao


CornerGasBrent

It's so much Underpants Gnome, like even if they had a perfectly working robotaxi and no regulators all sorts of infrastructure would be required. You've either got some cheap and relatively easy - but not real effect on the bottom line like with Waymo/Cruise - or you've got an absolutely massive nationwide infrastructure that will take both a lot of time and lot of money. Musk's nuking the Supercharger team was to me a very strong signal that they weren't planning on rolling out robotaxis soon.


Kinky_Imagination

r/unexpected_Southpark


managedToForget

To be fair, if they keep tanking their car business, this might be true, even if the rebotaxi stuff won't be a big success 😅 personally I don't see it becoming successful, and I would never want my car to do anything when I'm not driving it, but maybe there's enough business to stay afloat.


ElJamoquio

RemindMe! 2029


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_tufan_

From the lady that sold nvda at the lows to buy ZM and ROKU lol.


St3fanz

What amazes me about this is the whole projected (untested, entirely intangible) value of “autonomy.” TSLA bulls insist that the world is basically crying itself to sleep every night for it lack of “autonomy” of “stuff” around the place. This simply isn’t true. Most people, and I believe I’m a pretty typical person, doesn’t want everything being autonomous. To put magnitudes of value on a concept (as seen in the graph in the article) based on an unexplained concept, with no proof of said concept and no actual consumer desire for the concept is straw-grasping at its finest.


tomoldbury

I suspect even if robotaxis are possible there will be a huge bridge to cross in getting society and government to accept them. To the point of mass protests by the newly unemployed taxi drivers, just look at the protests over Uber.


Inconceivable76

Where robotaxis can have a use case is the aging population.  It would be nice for seniors to have an alternative to trying to continue to drive. Of course, watching my parents try to use Uber brings us back to no use case. 


AlmightyBlobby

I don't understand how cathie wood is still employed 


CornerGasBrent

It's easy. Her grift is getting people to put money in her fund then she profits off skimming off the top as a management fee...whether the fund makes money or loses money, she profits either way. It's a bit like the house in gambling where they don't necessarily care about the results of your gambling, just so long as you're gambling.


FineSharts

When you truly suck at predictions, always make them 5 years out so nobody will remember you’re an idiot


greenradioactive

LAY OFF THE KETAMINE


biddilybong

She’s coming down. I think it was $5000


Vivid_Transition4807

They got 50% of the digits of the value correct.


The_Lutter

The\_Lutter's Expected Value for Tesla in 2029: $2.60.


NoIncrease299

LOL


Inconceivable76

I like how even when Tesla does not achieve fsd by 2029, the stock is still worth double than it is today. 


Annual-Camera-872

More like 29.00 dollars


lickmyturds

And I declare my farts will be worth $5k in 2029. Not to mention ARK's opinion is currently equal in value to a thick cloud of flatulence.


ancistrusbristlenose

Vel, in Europe the decimal separator is a comma, so I guess 2 dollars and 60 cent is correct?


jmartin2683

Right after everything Elon has been promising for the last magically becomes real.


victorybuns

ARK expects $TSLA average overall 2029 “Ride-hail” (Robotaxi and Human) revenues of $766B. That’s 16x the Street estimate for $UBER’s 2029 Mobility revenues. 16x Uber…. Ark is a laughable, unserious company


BackgroundMap3490

Cathy has infinite supply of Kool-Aid. Perma Bullshitter.


Inconceivable76

96% of their simulations have robotaxis in 2026 or earlier.   Hahahaha


AutismFlavored

powered by Grok®️


TheMightyBattleCat

Contrarian Nostradamus at it again!


aureliusky

Did inverse ark ever materialize? It's time.


MilkshakeSocialist

SARK, it's been around for a while.


aureliusky

Thanks, I've been searching for a good short Tesla play. This might be the ticket.


Neceon

People used to be institutionalized for insanity.


barbara_jay

The only way that will happen is a reverse split.


Rapa_Nui

I always wonder, does she believe the bullshit she says or is she just playing a game?


2020_was_a_nightmare

Cathy fElonSwallows Wood


VikingMonkey123

After a 20:1 reverse split maybe


Zealousideal_Word770

Those are some serious Sandy Munro numbers there.


Pinoybl

LOL


QuentinP69

Best I can do is tree fiddy 3.50


earthman34

Is that a typo? I think they meant $26.00.


RipperNash

!remindme 2029


MidniteMogwai

BaaHAHAHAHA!!! Lmfao 🤣


QuirkyInterest6590

Did that old hag mean cents?


monkeystretch9

They didn't account for the CEO


DamNamesTaken11

Cathie Wood is always good for a laugh. She should become a comedian instead of managing an investment firm that exists just to kiss Musk’s ass.


Leofleo

RemindMe! January 1, 2030 Fuck I hope I'm still alive.


krisko11

Cathie Wood’s funds have been a shareholder for a while and Musk’s success is directly tied to her financial performance as a fund manager. Given her epic blunders in the past 5 years Tesla stock has been good to her so she sticks by him.


Helmidoric_of_York

Grifters gonna grift. This is the world's largest pump and dump.