Tech Investment Guru Cathie Wood: We're Already In A Recession

When you think about the last and you think about your approach, what is the lesson in it? I know you have a north star about stocks you’re talking about, but at some level you have to look around, and I think your investors would want you to look around and say, “Okay, I was wrong.

What was I wrong about? If I was wrong, how am I going to change my approach in the future?”We were wrong on one thing and that was inflation being as sustained as it has been. For the supply chain, I can’t believe it’s taken two years and Russia’s invasion of Ukraine, which of course we couldn’t have seen that. Inflation has been a big problem.We think we’re in a recession and we think a big problem out there is inventories… the increase of which I’ve never seen this large in my career.

We are but she is saying just because she desperately needs a excuse for her incompetence

First time she's been right about anything in about a year.

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