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I haven’t read the piece yet, but am commenting on your comparison of the AUM of Ark versus Pershing Square. Because they are different asset types (hedge fund
by pottertheotter 4y ago
I haven’t read the piece yet, but am commenting on your comparison of the AUM of Ark versus Pershing Square. Because they are different asset types (hedge fund vs ETF), I don’t think it is fair to compare the two. And, in my opinion, a hedge fund with $12bn is much more notable than an ETF with $16bn, although bravo to both of them.
For context, I’ve been a professional public markets investor for a number of years. Also, this isn’t a comment on either Ackman or Wood.
- camjohnson26 4y agoIt’s also ridiculous to claim that Chanos is a one hit wonder, Enron, Wirecard, Luckin Coffee, Valeant if memory serves, any one of those is impressive. Not to mention Kynikos is designed as a market hedge, since markets tend to go up so pure shorting as an investment strategy is foolish. Cathy Wood clearly got extremely lucky by taking huge, risky bets on Bitcoin and Tesla that both paid off dramatically but are starting to come back to earth. This isn’t a hit piece, the dozens of worshipful CNBC segments where she pumped garbage companies, and often turned around and sold them after, those were the real fluff pieces.