Comments by "Wandering Existence" (@WanderingExistence) on "CNBC Television"
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@louislong1514 Before the crash ARk was up 700%... Which is in between the two examples you gave. And before you go saying then I'm neglecting the crash... Volatility is what I expected when I bought it- longer time horizons are specifically made to adjust for more volatility, that's why it's a caveat that she always says. Yes, I'm down +30%, does it hurt a little, sure... Does it worry me, No. Because I believe in the underlying technologies that are driving the companies that her and her research team are picking. Are all of the companies good, certainly not, but she doesn't have to bat a 1000.
The biggest problem that I see with ark is that people run into her funds when prices are going up and they run out when things are cheap- that's exactly why Peter Lynch closed the Magellan fund. I buy and hold until my conviction changes or the opportunity cost vs benefit analysis changes. It's not even like I'm all in either, ARK funds make up less than 6% of my holdings, it's an okay bet sizing for the risk. I also held AAPL and NFLX for 4 years, so it's not like I missed gains. I'm late to NDVA, but it's a high conviction triple bagger in the next decade, so I have some now.
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@CouchInvestor "A document leaked to TechCrunch revealed that Palantir's clients as of 2013 included at least twelve groups within the U.S. government, including the CIA, the DHS, the NSA, the FBI, the CDC, the Marine Corps, the Air Force, the Special Operations Command, the United States Military Academy, the Joint Improvised-Threat Defeat Organization and Allies, the Recovery Accountability and Transparency Board and the National Center for Missing and Exploited Children. However, at the time, the United States Army continued to use its own data analysis tool.[29] Also, according to TechCrunch, the U.S. spy agencies such as the CIA and FBI were linked for the first time with Palantir software, as their databases had previously been "siloed."[29]"
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