ARK Invest - ARK Innovation ETF (ARKK)

[leman]

@hippo

The lessons run true back to the dot com bubble of 2000.

Even though eventually some companies delivered (e.g. Microsoft), if you bought during irrational exuberance at ridiculous valuations you had a long ride to recovery.

And of course, if you pull an ARKK and are quick to abandon the lies of your long term horizons then you are sure to lose.

@Dr.PI

@Bojack

Like, imagine laughing at AMZN investors in September 2001, who bought in March 1999.

May I remind you that the latest discussion was sparked by a news that ARKK sold Coinbase shares at 20% of their purchase price (or whatever). So yes, AMZN investors who bought in 1999 and sold in 2001 deserve nothing but laughs and ridicules.

Told you

[Luk_nuts]

100M at $700 would be worth more like 450M at $3’200.

$1.1B at $700 would be more like a 750M loss at $200.

Something is a bit off.