Here’s a few other interesting resources to better understand Cathy Wood. The charges against Bill Hwang are illuminating, and one thing he did was buy very ill

Here’s a few other interesting resources to better understand Cathy Wood. The charges against Bill Hwang are illuminating, and one thing he did was buy very illiquid stocks and squeeze the prices higher, which created a self reinforcing effect of raising the price when markets were going up, but ultimately caused the collapse of his fund when they reversed. The full charges are interesting: https://www.justice.gov/usao-sdny/press-release/file/1497216/download https://www.justice.gov/usao-sdny/press-release/file/1497216... ARK is similarly invested in very illiquid positions. Hwang was one of Cathy’s initial investors, and there’s reason to believe they share some similar views. Both are devoured charismatic Christians. An write up on Cathy Wood highlighting her approach to investing: https://www.ft.com/content/a93f4de2-35d2-44e1-a6a1-0000cba0dd4d https://www.ft.com/content/a93f4de2-35d2-44e1-a6a1-0000cba0d... And here’s an article from last year speculating on how ARK’s illiquid positions could lead to a vicious cycle: https://seekingalpha.com/article/4411559-raiders-of-lost-arkk https://seekingalpha.com/article/4411559-raiders-of-lost-ark... And a write up from controversial but always entertaining zero hedge: https://www.zerohedge.com/markets/cathie-wood-and-definition-investing-insanity https://www.zerohedge.com/markets/cathie-wood-and-definition...