A Picture Worth a Thousand Words…

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Active management “talent” revealed.

How would you feel if you bought into the Cathie Wood/ARK Innovation fund hype and then watched your investment crash 70% in a little over a year? Would you give up on active management? How could you not?

If a “superstar” is glorified for being in the right stocks for a year, how can she not be vilified for being in the wrong stocks the next year? What are you paying for?

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