The rise and fall of Cathie Wood, controversial Wall Street investor

Re:The rise and fall of Cathie Wood, controversial Wall Stre... by ffggvv on Monday May 30, 2022 @02:42AM (#31556080)

what’s more interesting to me than these hucksters and morons in finance are the seemingly smart people who not only buy into their shtick but seem to worship them.

i’m talking my coworkers at FANG companies or very smart investors in other areas.

i think it’s because although people can be talented in one area it doesn’t mean they are well rounded and sophisticated in other areas

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Re:The rise and fall of Cathie Wood, controversial Wall Stre... by spiralx on Wednesday June 01, 2022 @12:06PM (#31583959)

The smarter you are the better you are at justifying your own beliefs and decisions, even in the face of countering evidence and/or cognitive dissonance!

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Re:The rise and fall of Cathie Wood, controversial Wall Stre... by sbarbarian on Tuesday May 31, 2022 @10:55AM (#31570245)

totally agree! is it because we trust the known (i.e. celebrity faux-experts) over the unknown (i.e. legitimate experts)? For instance, Trump asking voters to place all power in his hands rather than an anonymous administrative class. Is the answer as simple as familiarity breeds trust? Or do we prefer the superficial answers they give us, which we would instinctively reach for, as opposed to the 'shades of grey' answers experts usually provide?

Personally, I interviewed with ARK and quickly walked away once I spoke with the actual analysts on her team. They spewed the same hype-babble she does and lacked an informed view of the industries they covered. Its fine to market the hype if that's what you're selling, but you can't sell yourself on it too.

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