You realize I could do a play on words with that response lol..... but I won't. Read the last part again and then think real hard.
(The Daily Upside) "Cathie Wood has had something of a reverse Midas touch. On Tuesday, the Ark Investment Management founder and CEO told Bloomberg that selling stocks during the market rout last year resulted in over $2 billion in losses. But, Wood claims, there is a silver lining if you squint hard enough: those losses could offset hypothetical future tax bills on hypothetical future gains… hypothetically. If that sounds pollyannaish, keep in mind that this is the person who once saw future world-dominating potential in companies like Coinbase, Roku, and Peloton."
A snark thread with all the haters represented yet ARKK is up 26% YTD and NYSE FANG+ Index is up 33% YTD. TARK up 50% & FNGU up 110% YTD.
Oohhh whoopee. Past 12 months, AAPL down 10%, QQQ down 15%, barking arkk called 'sea anchor' down 40%.