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?