January 2022

Frank Boland
January 20, 2022

As you might recall, Cathie Wood’s ARK Disruptive Innovation fund was up an amazing 60% in 2020.  The S&P 500 was up 16% that year. Thus the fund outperformed the S&P 500 by 46%! Last year it was down 25% underperforming by 50%. But that’s not why I consider the actively managed ETF a hedge fund. It’s because it has the macro...

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It isn’t as important to buy as cheap as possible as it is to buy at the right time.

– Jesse Livermore