Pain

An investor who bought ARKK in September of last year gained nearly 70% in 6 months. But just 9 months later, they would give it all back. ARKK, probably the hottest fund of my investing career, is 40% below the highs made earlier this year. I say this as a matter of fact, not to wag my finger. I take no pleasure in other investor’s misfortunes.

The ETF looks bad and the holdings look worse. All but 4 stocks in the…

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