“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.”
The Rational Reminder Podcast · The Madness of Markets (Alex Edmans)
Play from 55:26
55:26
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What was described
assets grew from $4 billion to $60 billion after a strong year
15× growth, $4 B → $60 B
Said nearby on the same subject
“We can disappear the budget deficit overnight. The NDIS is basically the budget deficit… we’re spending… 50 to 60 billion a year on the NDIS and Australia’s budget deficit is about 60 billion a year”
♫
Said on Straight Talk with Mark Bouris
Why it worked$50-$60 billion NDIS spend, $60 billion annual budget deficitShare this moment
“We took this from you. Six billion dollars in assets under management ... to around 146 billion dollars 20 years later.”
“They're overfunded by about $60 billion ... realized return of about 9% a year, they're overfunded by about $110 billion ... Future Fund can play a very valuable role as a fiscal shock absorber”
♫
Said on Complexity Premia
Data play$60 billion (target-return overfunding), $110 billion (realized-return…Share this moment
“We did the $7.7 billion deal with Paramount... I want 10 billion after we get out of this deal.”