When the investing legends Warren Buffett and Charlie Munger panned Robinhood"If the last year has taught us anything, it is that people are tired of the Warren Buffetts and Charlie Mungers of the world acting like they are the only oracles of investing.
But at this year's edition, held in September, normality was swept aside. Instead of hiring a sensible dad-rock band, someone decided that The Chainsmokers should perform. There was no"best stock-pick idea" panel, and the hedge-fund superstars who spoke could only marvel at the market's behavior.
Traditionally, the closing speech at a hedge-fund conference is taken by the previous year's biggest swinging dick. In 2021, that BSD was Cathie Wood of Ark Invest. Arguably no investment firm has leveraged the power of social media like Ark Invest. Ark hands out research for free, posts its trades daily, and sells great stories. Instead of dismissing the"apes" of Reddit and the hordes of Robinhood investors, Wood and Ark.
ATK Invest's Cathie Wood was the keynote speaker at the SALT investment conference, a rare case of retail mania infecting Wall Street's stodgiest institutions.In her speech at SALT, Wood said she'd been amazed by retail investors' hunger for knowledge."Their gratitude has been extremely humbling," she said."People come up to us and thank us because we've opened their eyes to a new world.
Yeah, sure.
Nah, sit down focker. Year of the ape ApesTogetherStrong gme amc
We'll see about that 😂
Cant read ur news
It's day 2. Calm down.
ReDDIT交易员、模因股票和密码大师统治了2021的市场。但在2022年。。。华尔街反击。
The only thing Wall Street is doing in 2022 is going to prison en masse
🙄🙄🙄🙄🙄
🤣🤣🤣🤣🤣
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