“Cathie Wood's ARK fund went up about 15 times from 4 billion to 60 billion when she had that one really good year and this diluted all of her good ideas.”
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Said on The Rational Reminder Podcast
Michael Covel's Trend Following · Ep. 1413: Motivated by the TurtleTraders Too with Michael Covel on Trend Following Radio
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give back all profits each year and restart the Medallion fund with roughly $10 billion in assets
$10 billion
“Cathie Wood's ARK fund went up about 15 times from 4 billion to 60 billion when she had that one really good year and this diluted all of her good ideas.”
“We took this from you. Six billion dollars in assets under management ... to around 146 billion dollars 20 years later.”
“All of the funds that we give to the district are raised by my staff and I. We do not receive any taxpayer dollars at all whatsoever. Last year alone, we put $1.5 million back into our school district through the foundation alone.”
“I want you to take a percentage of your profits each month… 5%, 10%, 15%, whatever, and set that aside for business retained earnings”
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