When the ARKK is full - good read

[Phooey]

Some sound points in this article, had me nodding a few times to the obvious mistakes I/we as investors make

https://www.youngmoney.co/p/arkk-full

[vulture1]

Phooey said:

Some sound points in this article, had me nodding a few times to the obvious mistakes I/we as investors make

https://www.youngmoney.co/p/arkk-full

A good read.

I started trying to take that approach to a couple of sectors. Buying vale on the way down a bit each week. When it got to $11 I was even starting to think ok don't buy anymore it's still going down. Turns out that was the recent bottom. I'm nicely up on average but it is very hard to keep buying on the way down. Easy to say.

[guyvert1]

Good read, thanks for that...

[h0bbsy]

Can definitely identify with this piece, having been bought Rivian after waiting for it to go up haha.

Most of my limited successes have been things I've forgotten about and not fiddled with. And averaging down although seemed a risky idea at the time, eg Shell.

[Phooey]

h0bbsy said:

Can definitely identify with this piece, having been bought Rivian after waiting for it to go up haha.

Rivian?

Scroll down to Rivian / Tesla talk https://www.youngmoney.co/p/valuation-matters

[Phooey]

Another good article from this young man I thought

https://www.youngmoney.co/p/right-wrong-reasons-2

[DaveGrohl]

Phooey said:

Some sound points in this article, had me nodding a few times to the obvious mistakes I/we as investors make

https://www.youngmoney.co/p/arkk-full

Yep, good read cheers.

[Derek Chevalier]

Phooey said:

Another good article from this young man I thought

https://www.youngmoney.co/p/right-wrong-reasons-2

Some good points

1. The Dunning-Kruger effect states that people with limited knowledge or competence in a given intellectual or social domain greatly overestimate their own knowledge or competence in that domain.

2. What they thought was well-researched alpha was actually a factor bet on growth and tech.

3. and I'll add a third

https://www.evidenceinvestor.com/cathie-wood-and-t...

"The reason for such intensive marketing is that fund managers know that people will often choose investments based on how frequently they appear in the news, social media or billboard advertising. Disciplined research or due diligence involves far too much work for most of a time-poor population.

Unfortunately, the result of these mental shortcuts is many people end up with portfolios that are overly concentrated, excessively risky, expensive and opaque. The familiarity of a brand name will often trump all other considerations and once they have made the decision they tend to look for information that confirms their biases."

[Derek Chevalier]

AARK takes a beating from Morningstar

https://twitter.com/andrewdbeer1/status/1510070271...

"She has saddled the portfolio with greater risk by slashing its number of stocks to 35 from 60 less than a year ago--thereby amplifying stock-specific risk"

"Rather than gauge the portfolio’s aggregate risk exposures and simulate their effects during a variety of market conditions, the firm uses its past as a guide to the future and views risk almost exclusively through the lens of its bottom-up research into individual companies."