Cathie Wood's ARKK and That Je ne Sais Quoi

Well, I don't even know what you'd call the category I'm talking about, but you kind of alluded to it earlier. Kathy Wood is pretty much a polarizing figure in the industry. Either you love her or hate her. And I want to explain why I like ARK and I like what she does.

I think it's really the fact that she has a very unique strategy with these funds and the other ARC funds as well. But I have to respect the fact that throughout this entire cycle, she has stuck with the strategy on the fund, focusing on high growth, high innovation, high volatility, home run swings, and especially during the last few years when the Magnificent Seven has dominated the market. She resisted the urge to go into those stocks to chase performance. She really stuck with what she's known for and what this fund is targeting. So, I think you have to respect that.

I think you have to appreciate the fund for what it's meant to be. And it's not meant to be a core holding. It's meant to be a satellite holding to build around core positions like QQQ or SPY. And I think it really does a good job of that. It's got a 90% plus active share, which means you have almost no overlap with the other big indexes. It's got relatively low turnover. So, she's kind of waiting for the stories of these stocks to play out.

I think even when you look within the fund itself, some of the top holdings in there, I mean, it's got a lot of the popular stocks. It's got Palantir and Robinhood and Coinbase and Circle was in there. That's been a real hot stock lately. So, if you look at some of the positions, they're just the really popular stocks that are out there, the ones that are loved by the traders, they're used all the time, but when you put them in the ETF wrapper and you throw Kathy Wood's names on it, then all of a sudden people hate it. And I just don't really understand it. I think she's doing a good job. I like how this fund works. I like that she sticks with the strategy. I like the objective of it. So, for that reason, I'm going to give her the category win in whatever this category is just because I like the fund and I like what it's about.

Very good. And that category I figured it out what that is. It's called the Januz Qua, right? Perfect, which for our French folks that I took French in school for eight years, don't speak very much anymore, but I know that one. And that's used to capture an indescribable special distinguishing feature or to name some unnameable quality which I think very well describes the category that you're trying to hit. Perfect. We'll go with it.