The Arrogance of Cathie Wood and Wall Street

The financial media continues to give Cathie Wood press, so I will continue to remind everyone of the bigger picture context and how ridiculous this all is. I want to make this very clear upfront. No one is perfect. No one can be right all the time in regards to coming up with money making ideas. Even Warren Buffet is wrong from time to time and loses money. With that being said, if you are wrong in an extremely large way, perhaps you should consider taking a step back and quieting down a bit? In my opinion, that is a more than fair suggestion which would prompt the person to reflect and learn more lessons from the mistake made. When it comes to Cathie Wood however, we are seeing the exact opposite of this. Her actions and current behavior continue to show why people hate Wall Street. Cathie Wood’s arrogance is a great encapsulation of Wall Street’s attitude. As a beginner, remember not to confuse Wall Street bravado with any kind of actual intelligence.