Be on the stage when the curtain falls

Hello Mooers, welcome back!

In today discussion, we will be talking about two priceless investing traits that we can learn from Cathie Wood (founder, CEO and CIO of Ark Invest).

Without further ado, let’s begin!

1. Boundless Conviction on Futuristic Innovation
Having more than a million of followers on twitter ( $Twitter (Delisted)(TWTR.US)$ ), which is more than major ETF companies in the U.S. combined, Cathie was also awarded the best stock picker in 2020 by Bloomberg as her $ARK Innovation ETF(ARKK.US)$ return more than 158% that year. Her other ETFs, $ARK Genomic Revolution ETF(ARKG.US)$ , returns more than 200% while $ARK Next Generation Internet ETF(ARKW.US)$ return more than 155% in 2020. As of now, $ARK Innovation ETF(ARKK.US)$ total cumulative return is more than 300% since its 2014 inception, which is double the $S&P 500 Index(.SPX.US)$ total cumulative return of about 150%.

Cathie strategy is to focus on a handful of groundbreaking stocks related to new technologies, such as $Tesla(TSLA.US)$ , $Coinbase(COIN.US)$ , $Block(SQ.US)$ , $Shopify(SHOP.US)$ , $DraftKings(DKNG.US)$ , $Zoom Video Communications(ZM.US)$ , $Teladoc Health(TDOC.US)$ , $Roku Inc(ROKU.US)$ , $Roblox(RBLX.US)$ , and many others, which may make an impactful changes to the global economy in the near future. Her relentless conviction on these stocks is truly admirable even when most of them continue to plummet due to various haps, such as rising inflation, Eastern Europe crisis, global supply chain disruption and many others, and this also remind me of this quote from the song ‘ 인연 ’.

* lyrics translated from Korean to English

Similar to Cathie, the Great Meme Apes conviction is to gather together to become stronger and unstoppable than the hedge funds, so as to protect meme stonks, such as $BlackBerry(BB.US)$ , $AMC Entertainment(AMC.US)$ , $GameStop(GME.US)$ from short-sellers.

2. Fearless, Bold with Limitless Fortitude
Despite all the odds against her, she continue to persevere and recently launch the new ETF: ARK Transparency ETF ( $ARK TRANSPARENCY ETF(CTRU.US)$ ) in December 2021, even though her other ETFs ( $ARK Innovation ETF(ARKK.US)$ , $ARK Next Generation Internet ETF(ARKW.US)$ , $ARK Genomic Revolution ETF(ARKG.US)$ , $ARK Fintech Innovation ETF(ARKF.US)$ , $ARK Space Exploration & Innovation ETF(ARKX.US)$ , $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ , $The 3D Printing ETF(PRNT.US)$ , $ARK Israel Innovative Technology ETF(IZRL.US)$ ) were struggling. Cathie continue to fight bravely in this highly volatile and temperamental stock market, just like Ukrainian President, Volodymyr Zelensky, who continue to stay in Ukraine, together with his supporters and people to defend the country, which reminds me of this quote from the Ukrainian President to the U.S. offer to evacuate.

Also, there is even an ETF dedicated to bet against Cathie, the Tuttle Capital Short Innovation ETF ( $Tuttle Capital Short Innovation ETF(SARK.US)$ ), which you can read more in my following post. This make me wonder if there are any ETF dedicated to bet against other portfolio manager?

We have come to an end for today discussion, and hopefully Mooers learn something useful from this extraordinary woman.

Hmm , would Mooers buy more Ark ETFs in H1 2022? or sell their existing Ark ETFs? or buy SARK?