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In case you're wondering if the system is rigged, she obviously knew this was coming... https://www.coindesk.com/business/2023/02/23/cathie-woods-ark-buys-over

In case you're wondering if the system is rigged, she obviously knew this was coming... https://www.coindesk.com/business/2023/02/23/cathie-woods-ark-buys-over-13m-of-coinbase-shares/ https://www.coindesk.com/business/2023/02/23/cathie-woods-ar... and then yesterday... so convenient... https://www.businessinsider.in/stock-market/news/cathie-woods-ark-invest-dumps-13-5-million-of-coinbase-stock-as-crypto-exchange-notches-7-month-highs/articleshow/98919340.cms https://www.businessinsider.in/stock-market/news/cathie-wood... Down 8.16% today... https://finance.yahoo.com/quote/COIN/ https://finance.yahoo.com/quote/COIN/

paulpauper 4y ago
Hmm her fund has gotten totally clobbered since early 2021. If she were truly privy to insider info, why would her fund do so bad? Or put it another way, after being wrong so often, maybe she is bound to get something right by chance (stopped clock theorem)?
- latchkey 4y ago
  IMHO, the timing is far too convenient for someone who has had a terribly performing fund. You'd think she would have sold tomorrow instead.
  - overthrow 4y ago
    A broken calendar is right once a year.
    - sebzim4500 4y ago
      Unless you also look at the day of the week, in which case it is right every 7 years.
- nonethewiser 4y ago
  > Hmm her fund has gotten totally clobbered since early 2021. If she were truly privy to insider info, why would her fund do so bad? The claim is she knew about this information based off the timing of the trade. It’s not evidence but it’s certainly suspicious. It does not follow that she would necessarily know enough other information to perform well. That’s a much higher bar, especially when tech has been pretty deep in the red.
  - fsckboy 4y ago
    as a claim, it has no merit; it's a raised eyebrow.
- kypro 4y ago
  She runs a growth fund. Growth funds don't generally perform great in a macro environment like this. There is no insider information about the path of interest rates and majority of her loses stem from macro factors like this. Also, just because she might have had insider info in this instance, doesn't mean she always has it. The fact Coinbase was able to release a blog post so soon after the announcement would suggest there was some knowledge that this was coming.
NotYourLawyer 4y ago
Why would you think she knew this specifically was coming?
SamReidHughes 4y ago
She sold after the stock blew up to high levels. I was considering buying puts yesterday myself. Oh, it’s 1.6% of her stake, too. Basic portfolio management.

paulpauper 4y ago

Hmm her fund has gotten totally clobbered since early 2021. If she were truly privy to insider info, why would her fund do so bad? Or put it another way, after being wrong so often, maybe she is bound to get something right by chance (stopped clock theorem)?

latchkey 4y ago
IMHO, the timing is far too convenient for someone who has had a terribly performing fund. You'd think she would have sold tomorrow instead.
- overthrow 4y ago
  A broken calendar is right once a year.
  - sebzim4500 4y ago
    Unless you also look at the day of the week, in which case it is right every 7 years.
nonethewiser 4y ago
> Hmm her fund has gotten totally clobbered since early 2021. If she were truly privy to insider info, why would her fund do so bad? The claim is she knew about this information based off the timing of the trade. It’s not evidence but it’s certainly suspicious. It does not follow that she would necessarily know enough other information to perform well. That’s a much higher bar, especially when tech has been pretty deep in the red.
- fsckboy 4y ago
  as a claim, it has no merit; it's a raised eyebrow.
kypro 4y ago
She runs a growth fund. Growth funds don't generally perform great in a macro environment like this. There is no insider information about the path of interest rates and majority of her loses stem from macro factors like this. Also, just because she might have had insider info in this instance, doesn't mean she always has it. The fact Coinbase was able to release a blog post so soon after the announcement would suggest there was some knowledge that this was coming.

NotYourLawyer 4y ago

Why would you think she knew this specifically was coming?

SamReidHughes 4y ago

She sold after the stock blew up to high levels. I was considering buying puts yesterday myself. Oh, it’s 1.6% of her stake, too. Basic portfolio management.