I am not 100% in lock step with either, but I do lean more heavily to
Cathie Wood's view.
In undergrad and grad school I was trained in the Graham, Dodd & Cottle
bible of value investing.
Since then I have come to view it with some skepticism as the nature of the
markets has changed.
Things like the Efficient Market Hypothesis that were gospel have fallen
into disrepute.
Commissions on trades were steep and now they are a fading memory.
Stocks traded in eighths of a dollar as opposed to pennies or fractions of
a penny.
If you traded in odd lots, anything other than increments of 100 shares,
commissions were even higher.
While I favor Cathie Wood's approach, I don't view as anywhere near a guru.
I don't see eye to eye with her on crypto currencies and will take a hard
pass on ARKB, the new Bitcoin ETF.
For many older investors the time horizons of disruptive investing may be
too long out.
I know that in a couple years I will change my holdings to be focused on
harvesting dividends.
On Tue, Aug 17, 2021 at 9:12 PM L. Feldman <dmarc-noreply@xxxxxxxxxxxxx>
wrote:
Dear Friends,
Here's an interesting article on the different investing styles of Warren
Buffett vs. Cathie Wood.
profittrends.com/market-trends/market-health/buffett-vs-wood-whose-side-are-you-on/
What do YOU think?
Regards,
Lance
