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2021-09-15

$Alphabet(GOOG)$//@MaxWin: Cool

Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最炙手可热的投资者正在少数股票上下大赌注。批评者说她在玩火</blockquote>

2021-08-28

Cool

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2021-07-19

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2021-08-26

$Apple(AAPL)$[开心] [开心] [开心] [开心]

2021-07-17

Wow

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2021-08-17

$Apple(AAPL)$😎😎😎

2021-07-08

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2021-08-23

Woa cool

2021-06-10

Hello world

@小虎活动:【7周年有奖】猜老虎收盘价，赢7周年礼盒！

2021-07-08

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Critics say she's playing with fire<blockquote>华尔街最炙手可热的投资者正在少数股票上下大赌注。批评者说她在玩火</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180788041","media":"CNN Business","summary":"New York  - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.Last year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation exchange-traded fund. It surged nearly 150% in 2020","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.</p><p><blockquote><b>纽约（CNN商业）——</b>当许多投资者满足于随大流并购买苹果、亚马逊和微软等顶级科技公司时，凯西·伍德正在机器人、金融科技和太空探索等热门领域寻找下一个大创新者。</blockquote></p><p> It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.</p><p><blockquote>这是一个雄心勃勃、高风险、高回报的投资层次。这让伍德的粉丝们在2021年感到紧张。</blockquote></p><p> Last year, Wood's strategy paid huge dividends for investors in her flagship&nbsp;Ark Innovation(ARKK)&nbsp;exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.</p><p><blockquote>去年，伍德的策略为其旗舰方舟创新（ARKK）交易所交易基金的投资者带来了巨额股息。2020年股价飙升近150%，帮助她成为华尔街巨星——有点像动量投资界的沃伦·巴菲特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/120f0d157792edd784c8787a1c05e955\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Cathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.</span></p><p><blockquote><p class=\"t-img-caption\"><span>方舟投资管理公司首席执行官凯西·伍德(Cathie Wood)已成为华尔街成长股运动的代言人。</span></p></blockquote></p><p> But this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.</p><p><blockquote>但是今年对伍德来说并不像去年那么好。尽管科技市场炙手可热，2021年迄今为止纳斯达克上涨了18%以上，但截至8月底，创新ETF仍下跌了2.5%。</blockquote></p><p> Wood wasn't available to comment for this story, but she doubled down in&nbsp;an interview with CNBC&nbsp;in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.</p><p><blockquote>伍德无法对此事发表评论，但她在8月份接受CNBC采访时加倍了评论。她并不担心寻找新科技领导者的方舟战略会以糟糕的结局告终，她坚持认为当前的反弹不会重演2000年史诗般的互联网内爆。</blockquote></p><p> \"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"</p><p><blockquote>伍德对CNBC表示：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”“我们现在没有这样的东西。事实上，你会看到很多IPO或SPAC上市，然后落地。我们离泡沫已经不远了。”</blockquote></p><p> <b>How Wood developed her strategy</b></p><p><blockquote><b>伍德如何制定她的战略</b></blockquote></p><p> Wood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.</p><p><blockquote>伍德凭经验说话。她不是千禧一代或Z世代投资者，对他们来说，2000年的科技内爆只是年长交易者讲述的战争故事。65岁的伍德经历了上一次重大科技崩盘，以及1987年臭名昭著的黑色星期一。</blockquote></p><p> She worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.</p><p><blockquote>20世纪80年代和90年代，她在保诚旗下的基金管理公司Jennison Associates工作了18年，然后在联博工作了十几年，然后于2013年离职。</blockquote></p><p> But then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.</p><p><blockquote>但随后，联博传递了她的想法，推出了一套主动管理型交易所交易基金。因此，她独自一人，在2014年创办了Ark。</blockquote></p><p> \"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she&nbsp;told Forbes&nbsp;in a 2014 interview.</p><p><blockquote>“在我的整个职业生涯中，我一直在关注颠覆性创新——为什么我不帮助自己的行业呢？”她在2014年的一次采访中告诉《福布斯》。</blockquote></p><p> That focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.</p><p><blockquote>这种对颠覆性的关注意味着伍德将她的ETF的命运与富有远见但善变的领导者联系在一起。</blockquote></p><p> In the most prominent example, Wood remains an unabashed fan of&nbsp;Tesla(TSLA)&nbsp;and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's&nbsp;Autonomous Technology &amp; Robotics(ARKQ)&nbsp;and&nbsp;Next Generation Internet(ARKW)&nbsp;ETFs.</p><p><blockquote>最突出的例子是，伍德仍然是特斯拉(TSLA)和首席执行官Elon Musk的毫不掩饰的粉丝。迄今为止，这家电动汽车制造商是Ark创新ETF中排名第一的股票，占该基金持股的10%以上。它也是Ark自主技术与机器人(ARKQ)和下一代互联网(ARKW)ETF中最大的头寸。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/425dc1ea59eb1c068eaba7a392e6c04d\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Wood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.</span></p><p><blockquote><p class=\"t-img-caption\"><span>伍德是特斯拉的忠实粉丝，该公司是Ark旗下多只基金的重仓股。</span></p></blockquote></p><p> Wood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.</p><p><blockquote>伍德也同意特斯拉等公司发行更多股票来筹集资金，为自动驾驶汽车等未来项目提供资金。一些投资者对这一策略持谨慎态度，因为新股会降低现有投资者持股的价值，但她认为这是一种短视的观点，尤其是来自特斯拉空头的观点。</blockquote></p><p> \"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"</p><p><blockquote>“我们不怕稀释……如果我们认为他们这样做是出于正确的原因，”她告诉CNBC。“我们希望他们尽快扩大规模，因为我们认为如果我们在自动驾驶方面是正确的……特斯拉可以获得该市场的最大份额，当然是在美国。”</blockquote></p><p> Ark's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an&nbsp;interview with Bloomberg Radio&nbsp;in August. She raved about Tesla's plans to&nbsp;build a humanoid robot, for example.</p><p><blockquote>伍德在8月份接受彭博电台采访时解释说，方舟对特斯拉的巨额投资是押注马斯克在电动汽车业务之外继续创新。例如，她对特斯拉制造人形机器人的计划赞不绝口。</blockquote></p><p> \"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.</p><p><blockquote>“日复一日，尤其是我们对他们的人工智能专业知识以及他们如何真正推动该领域的了解越多……我们相信他们拥有领先地位，”她说，并指出方舟分析师被马斯克的演讲“震惊”了。</blockquote></p><p> <b>Growth at all costs</b></p><p><blockquote><b>不惜一切代价实现增长</b></blockquote></p><p> Wood recognizes her growth-at-all-costs way of investing is not for everyone.</p><p><blockquote>伍德认识到，她不惜一切代价实现增长的投资方式并不适合所有人。</blockquote></p><p> Tesla has lagged the broader market this year. Shares of&nbsp;Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.</p><p><blockquote>特斯拉今年表现落后于大盘。Teladoc(TDOC)是一家远程医疗公司，是Ark Innovation ETF的第二大持股，也是疫情爆发之初的大赢家，其股价在2021年下跌了25%以上。</blockquote></p><p> \"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said&nbsp;during a webcast&nbsp;hosted by Cboe Global Markets in March.</p><p><blockquote>“我们看到估值较高的股票今年遭受重创。但随着时间的推移，这些创新型公司的增长仍将受到良好对待，”伍德在3月份由芝加哥期权交易所全球市场主办的网络直播中表示。</blockquote></p><p></p><p> Wood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.</p><p><blockquote>伍德补充说，她认为投资者还应该将一小部分资金投入比特币，这是另一个高风险的赌注。她强调，投资者必须忽视任何资产不可避免的短期波动。伍德认为，保持长期信念并为未来增长进行投资至关重要。</blockquote></p><p> \"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"</p><p><blockquote>“许多迎合想要利润的短期投资者的公司现在在股票回购和股息上的投资超过了创新，”她说。“这让他们处于危险之中。”</blockquote></p><p> A colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.</p><p><blockquote>一位同事将伍德的“要么做大，要么回家”方法描述为新投资方式的典范。太多的基金经理在判断一家公司的优点时不敢展望未来，而是短视地关注上一季度和下一季度的收益报告。</blockquote></p><p> \"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\"&nbsp;Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told&nbsp;CNN Business in March.</p><p><blockquote>Ark Invest的Ren Leggi在3月份告诉CNN Business：“Cathie长期以来一直关注特斯拉。她不仅仅将其视为一家汽车制造商。你不能将其与传统汽车公司相提并论。”他作为该公司的客户投资组合经理，在投资决策上与伍德密切合作。</blockquote></p><p> <b>Wood's critics</b></p><p><blockquote><b>伍德的批评者</b></blockquote></p><p> But a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.</p><p><blockquote>但越来越多的怀疑者认为伍德的基金最终可能会崩溃。迈克尔·伯里(Michael Burry)是因《大空头》而闻名的超级看跌投资者之一，他最近在Ark Innovation ETF上建立了空头头寸——本质上是押注该基金将大幅下跌。</blockquote></p><p> Some tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.</p><p><blockquote>一些科技股资深人士还想知道伍德是否只是本月的投资风云人物，将她与Firsthand Funds的凯文·兰迪斯(Kevin Landis)、Amerindo的阿尔贝托·维拉尔(Alberto Vilar)和在20世纪90年代末运营着一只受欢迎的新兴增长基金的加勒特·范·瓦格纳(Garrett Van Wagoner)等曾经受欢迎的投资组合经理进行了比较。</blockquote></p><p> Many of those tech funds imploded following the 2000 bubble. The<i>Wall Street Journal</i>wrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010&nbsp;with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"</p><p><blockquote>许多科技基金在2000年泡沫之后崩溃了。The<i>华尔街日报</i>2010年，他写了一篇关于范·瓦格纳和其他20世纪90年代末科技大师的后续文章，标题是“从名声、财富到燃烧的明星。科技基金专家的破产后命运。”</blockquote></p><p> Is Wood destined for similar ignominy?</p><p><blockquote>伍德注定会遭受类似的耻辱吗？</blockquote></p><p> Rivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in&nbsp;Roku(ROKU),Coinbase,Zoom(ZM)&nbsp;and&nbsp;Square(SQ).</p><p><blockquote>竞争对手对伍德只在少数股票上下如此大的赌注提出异议。例如，Ark Innovation ETF近一半的资产集中在其前10名持股中。除了特斯拉之外，该基金还拥有Roku（Roku）、Coinbase、Zoom（ZM）和Square（SQ）的大量股份。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02cbbe0138a0aaa5b930521275ad26e\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Roku is another example of a high-risk/high-reward stock that Wood loves.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roku是伍德喜欢的高风险/高回报股票的另一个例子。</span></p></blockquote></p><p> \"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.</p><p><blockquote>ROBO Global研究主管Jeremie Capron 3月份对CNN Business表示：“我们的投资方式与Ark类似，因为我们专注于科技。但我们的不同之处在于我们避免集中。”</blockquote></p><p> The top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF&nbsp;account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.</p><p><blockquote>theROBO全球机器人与自动化指数（ROBO）ETF的前10大持股占该基金总资产的比例不到20%，该基金拥有约80只股票。方舟基金通常只拥有大约30到50家公司的股票。</blockquote></p><p> For the time being, Wood is having the last laugh.</p><p><blockquote>目前，伍德笑到了最后。</blockquote></p><p> Yes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&amp;P 500.</p><p><blockquote>是的，她的基金的回报可能逐年波动——Ark Innovation ETF在2018年下跌了近25%，然后在2019年反弹了30%——但它已经趋于平稳。截至2021年中期，Ark Innovation ETF的五年平均年化回报率为48.6%，而标普500为17.7%。</blockquote></p><p> As long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.</p><p><blockquote>只要这种长期趋势持续下去，方舟的追随者可能会时不时地原谅低迷的一年，因为伍德继续摇摆。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最炙手可热的投资者正在少数股票上下大赌注。批评者说她在玩火</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最炙手可热的投资者正在少数股票上下大赌注。批评者说她在玩火</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-09-08 08:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.</p><p><blockquote><b>纽约（CNN商业）——</b>当许多投资者满足于随大流并购买苹果、亚马逊和微软等顶级科技公司时，凯西·伍德正在机器人、金融科技和太空探索等热门领域寻找下一个大创新者。</blockquote></p><p> It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.</p><p><blockquote>这是一个雄心勃勃、高风险、高回报的投资层次。这让伍德的粉丝们在2021年感到紧张。</blockquote></p><p> Last year, Wood's strategy paid huge dividends for investors in her flagship&nbsp;Ark Innovation(ARKK)&nbsp;exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.</p><p><blockquote>去年，伍德的策略为其旗舰方舟创新（ARKK）交易所交易基金的投资者带来了巨额股息。2020年股价飙升近150%，帮助她成为华尔街巨星——有点像动量投资界的沃伦·巴菲特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/120f0d157792edd784c8787a1c05e955\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Cathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.</span></p><p><blockquote><p class=\"t-img-caption\"><span>方舟投资管理公司首席执行官凯西·伍德(Cathie Wood)已成为华尔街成长股运动的代言人。</span></p></blockquote></p><p> But this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.</p><p><blockquote>但是今年对伍德来说并不像去年那么好。尽管科技市场炙手可热，2021年迄今为止纳斯达克上涨了18%以上，但截至8月底，创新ETF仍下跌了2.5%。</blockquote></p><p> Wood wasn't available to comment for this story, but she doubled down in&nbsp;an interview with CNBC&nbsp;in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.</p><p><blockquote>伍德无法对此事发表评论，但她在8月份接受CNBC采访时加倍了评论。她并不担心寻找新科技领导者的方舟战略会以糟糕的结局告终，她坚持认为当前的反弹不会重演2000年史诗般的互联网内爆。</blockquote></p><p> \"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"</p><p><blockquote>伍德对CNBC表示：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”“我们现在没有这样的东西。事实上，你会看到很多IPO或SPAC上市，然后落地。我们离泡沫已经不远了。”</blockquote></p><p> <b>How Wood developed her strategy</b></p><p><blockquote><b>伍德如何制定她的战略</b></blockquote></p><p> Wood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.</p><p><blockquote>伍德凭经验说话。她不是千禧一代或Z世代投资者，对他们来说，2000年的科技内爆只是年长交易者讲述的战争故事。65岁的伍德经历了上一次重大科技崩盘，以及1987年臭名昭著的黑色星期一。</blockquote></p><p> She worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.</p><p><blockquote>20世纪80年代和90年代，她在保诚旗下的基金管理公司Jennison Associates工作了18年，然后在联博工作了十几年，然后于2013年离职。</blockquote></p><p> But then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.</p><p><blockquote>但随后，联博传递了她的想法，推出了一套主动管理型交易所交易基金。因此，她独自一人，在2014年创办了Ark。</blockquote></p><p> \"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she&nbsp;told Forbes&nbsp;in a 2014 interview.</p><p><blockquote>“在我的整个职业生涯中，我一直在关注颠覆性创新——为什么我不帮助自己的行业呢？”她在2014年的一次采访中告诉《福布斯》。</blockquote></p><p> That focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.</p><p><blockquote>这种对颠覆性的关注意味着伍德将她的ETF的命运与富有远见但善变的领导者联系在一起。</blockquote></p><p> In the most prominent example, Wood remains an unabashed fan of&nbsp;Tesla(TSLA)&nbsp;and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's&nbsp;Autonomous Technology &amp; Robotics(ARKQ)&nbsp;and&nbsp;Next Generation Internet(ARKW)&nbsp;ETFs.</p><p><blockquote>最突出的例子是，伍德仍然是特斯拉(TSLA)和首席执行官Elon Musk的毫不掩饰的粉丝。迄今为止，这家电动汽车制造商是Ark创新ETF中排名第一的股票，占该基金持股的10%以上。它也是Ark自主技术与机器人(ARKQ)和下一代互联网(ARKW)ETF中最大的头寸。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/425dc1ea59eb1c068eaba7a392e6c04d\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Wood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.</span></p><p><blockquote><p class=\"t-img-caption\"><span>伍德是特斯拉的忠实粉丝，该公司是Ark旗下多只基金的重仓股。</span></p></blockquote></p><p> Wood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.</p><p><blockquote>伍德也同意特斯拉等公司发行更多股票来筹集资金，为自动驾驶汽车等未来项目提供资金。一些投资者对这一策略持谨慎态度，因为新股会降低现有投资者持股的价值，但她认为这是一种短视的观点，尤其是来自特斯拉空头的观点。</blockquote></p><p> \"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"</p><p><blockquote>“我们不怕稀释……如果我们认为他们这样做是出于正确的原因，”她告诉CNBC。“我们希望他们尽快扩大规模，因为我们认为如果我们在自动驾驶方面是正确的……特斯拉可以获得该市场的最大份额，当然是在美国。”</blockquote></p><p> Ark's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an&nbsp;interview with Bloomberg Radio&nbsp;in August. She raved about Tesla's plans to&nbsp;build a humanoid robot, for example.</p><p><blockquote>伍德在8月份接受彭博电台采访时解释说，方舟对特斯拉的巨额投资是押注马斯克在电动汽车业务之外继续创新。例如，她对特斯拉制造人形机器人的计划赞不绝口。</blockquote></p><p> \"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.</p><p><blockquote>“日复一日，尤其是我们对他们的人工智能专业知识以及他们如何真正推动该领域的了解越多……我们相信他们拥有领先地位，”她说，并指出方舟分析师被马斯克的演讲“震惊”了。</blockquote></p><p> <b>Growth at all costs</b></p><p><blockquote><b>不惜一切代价实现增长</b></blockquote></p><p> Wood recognizes her growth-at-all-costs way of investing is not for everyone.</p><p><blockquote>伍德认识到，她不惜一切代价实现增长的投资方式并不适合所有人。</blockquote></p><p> Tesla has lagged the broader market this year. Shares of&nbsp;Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.</p><p><blockquote>特斯拉今年表现落后于大盘。Teladoc(TDOC)是一家远程医疗公司，是Ark Innovation ETF的第二大持股，也是疫情爆发之初的大赢家，其股价在2021年下跌了25%以上。</blockquote></p><p> \"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said&nbsp;during a webcast&nbsp;hosted by Cboe Global Markets in March.</p><p><blockquote>“我们看到估值较高的股票今年遭受重创。但随着时间的推移，这些创新型公司的增长仍将受到良好对待，”伍德在3月份由芝加哥期权交易所全球市场主办的网络直播中表示。</blockquote></p><p></p><p> Wood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.</p><p><blockquote>伍德补充说，她认为投资者还应该将一小部分资金投入比特币，这是另一个高风险的赌注。她强调，投资者必须忽视任何资产不可避免的短期波动。伍德认为，保持长期信念并为未来增长进行投资至关重要。</blockquote></p><p> \"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"</p><p><blockquote>“许多迎合想要利润的短期投资者的公司现在在股票回购和股息上的投资超过了创新，”她说。“这让他们处于危险之中。”</blockquote></p><p> A colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.</p><p><blockquote>一位同事将伍德的“要么做大，要么回家”方法描述为新投资方式的典范。太多的基金经理在判断一家公司的优点时不敢展望未来，而是短视地关注上一季度和下一季度的收益报告。</blockquote></p><p> \"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\"&nbsp;Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told&nbsp;CNN Business in March.</p><p><blockquote>Ark Invest的Ren Leggi在3月份告诉CNN Business：“Cathie长期以来一直关注特斯拉。她不仅仅将其视为一家汽车制造商。你不能将其与传统汽车公司相提并论。”他作为该公司的客户投资组合经理，在投资决策上与伍德密切合作。</blockquote></p><p> <b>Wood's critics</b></p><p><blockquote><b>伍德的批评者</b></blockquote></p><p> But a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.</p><p><blockquote>但越来越多的怀疑者认为伍德的基金最终可能会崩溃。迈克尔·伯里(Michael Burry)是因《大空头》而闻名的超级看跌投资者之一，他最近在Ark Innovation ETF上建立了空头头寸——本质上是押注该基金将大幅下跌。</blockquote></p><p> Some tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.</p><p><blockquote>一些科技股资深人士还想知道伍德是否只是本月的投资风云人物，将她与Firsthand Funds的凯文·兰迪斯(Kevin Landis)、Amerindo的阿尔贝托·维拉尔(Alberto Vilar)和在20世纪90年代末运营着一只受欢迎的新兴增长基金的加勒特·范·瓦格纳(Garrett Van Wagoner)等曾经受欢迎的投资组合经理进行了比较。</blockquote></p><p> Many of those tech funds imploded following the 2000 bubble. The<i>Wall Street Journal</i>wrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010&nbsp;with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"</p><p><blockquote>许多科技基金在2000年泡沫之后崩溃了。The<i>华尔街日报</i>2010年，他写了一篇关于范·瓦格纳和其他20世纪90年代末科技大师的后续文章，标题是“从名声、财富到燃烧的明星。科技基金专家的破产后命运。”</blockquote></p><p> Is Wood destined for similar ignominy?</p><p><blockquote>伍德注定会遭受类似的耻辱吗？</blockquote></p><p> Rivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in&nbsp;Roku(ROKU),Coinbase,Zoom(ZM)&nbsp;and&nbsp;Square(SQ).</p><p><blockquote>竞争对手对伍德只在少数股票上下如此大的赌注提出异议。例如，Ark Innovation ETF近一半的资产集中在其前10名持股中。除了特斯拉之外，该基金还拥有Roku（Roku）、Coinbase、Zoom（ZM）和Square（SQ）的大量股份。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02cbbe0138a0aaa5b930521275ad26e\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Roku is another example of a high-risk/high-reward stock that Wood loves.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roku是伍德喜欢的高风险/高回报股票的另一个例子。</span></p></blockquote></p><p> \"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.</p><p><blockquote>ROBO Global研究主管Jeremie Capron 3月份对CNN Business表示：“我们的投资方式与Ark类似，因为我们专注于科技。但我们的不同之处在于我们避免集中。”</blockquote></p><p> The top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF&nbsp;account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.</p><p><blockquote>theROBO全球机器人与自动化指数（ROBO）ETF的前10大持股占该基金总资产的比例不到20%，该基金拥有约80只股票。方舟基金通常只拥有大约30到50家公司的股票。</blockquote></p><p> For the time being, Wood is having the last laugh.</p><p><blockquote>目前，伍德笑到了最后。</blockquote></p><p> Yes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&amp;P 500.</p><p><blockquote>是的，她的基金的回报可能逐年波动——Ark Innovation ETF在2018年下跌了近25%，然后在2019年反弹了30%——但它已经趋于平稳。截至2021年中期，Ark Innovation ETF的五年平均年化回报率为48.6%，而标普500为17.7%。</blockquote></p><p> As long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.</p><p><blockquote>只要这种长期趋势持续下去，方舟的追随者可能会时不时地原谅低迷的一年，因为伍德继续摇摆。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","ARKW":"ARK Next Generation Internet ETF","ARKF":"ARK Fintech Innovation ETF","TSLA":"特斯拉","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180788041","content_text":"New York (CNN Business) - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.\nIt's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.\nLast year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation(ARKK) exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.\nCathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.\nBut this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.\nWood wasn't available to comment for this story, but she doubled down in an interview with CNBC in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.\n\"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"\nHow Wood developed her strategy\nWood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.\nShe worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.\nBut then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.\n\"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she told Forbes in a 2014 interview.\nThat focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.\nIn the most prominent example, Wood remains an unabashed fan of Tesla(TSLA) and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's Autonomous Technology & Robotics(ARKQ) and Next Generation Internet(ARKW) ETFs.\nWood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.\nWood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.\n\"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"\nArk's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an interview with Bloomberg Radio in August. She raved about Tesla's plans to build a humanoid robot, for example.\n\"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.\nGrowth at all costs\nWood recognizes her growth-at-all-costs way of investing is not for everyone.\nTesla has lagged the broader market this year. Shares of Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.\n\"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said during a webcast hosted by Cboe Global Markets in March.\nWood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.\n\"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"\nA colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.\n\"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\" Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told CNN Business in March.\nWood's critics\nBut a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.\nSome tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.\nMany of those tech funds imploded following the 2000 bubble. TheWall Street Journalwrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010 with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"\nIs Wood destined for similar ignominy?\nRivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in Roku(ROKU),Coinbase,Zoom(ZM) and Square(SQ).\nRoku is another example of a high-risk/high-reward stock that Wood loves.\n\"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.\nThe top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.\nFor the time being, Wood is having the last laugh.\nYes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. 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like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154629453","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://www.laohu8.com/m/news/1109703914?lang=zh_CN&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年7月4日是周日，这在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么假期主要市场会开盘还是收盘呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整休市日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11月26日星期五，交易时间为半天多一点，上午9:30至下午1点。美国东部时间。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为上午9:30至下午4点。东部时间。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-05 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年7月4日是周日，这在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么假期主要市场会开盘还是收盘呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整休市日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11月26日星期五，交易时间为半天多一点，上午9:30至下午1点。美国东部时间。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为上午9:30至下午4点。东部时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154620431,"gmtCreate":1625526206223,"gmtModify":1631892915855,"author":{"id":"3576152954331303","authorId":"3576152954331303","name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576152954331303","idStr":"3576152954331303"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154620431","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://www.laohu8.com/m/news/1109703914?lang=zh_CN&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年7月4日是周日，这在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么假期主要市场会开盘还是收盘呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整休市日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11月26日星期五，交易时间为半天多一点，上午9:30至下午1点。美国东部时间。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为上午9:30至下午4点。东部时间。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-05 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年7月4日是周日，这在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么假期主要市场会开盘还是收盘呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整休市日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11月26日星期五，交易时间为半天多一点，上午9:30至下午1点。美国东部时间。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为上午9:30至下午4点。东部时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154333766,"gmtCreate":1625477424355,"gmtModify":1631892915864,"author":{"id":"3576152954331303","authorId":"3576152954331303","name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576152954331303","idStr":"3576152954331303"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154333766","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://www.laohu8.com/m/news/1109703914?lang=zh_CN&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年7月4日是周日，这在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么假期主要市场会开盘还是收盘呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整休市日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11月26日星期五，交易时间为半天多一点，上午9:30至下午1点。美国东部时间。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为上午9:30至下午4点。东部时间。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?<blockquote>独立日股票市场是开放还是关闭？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-05 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年7月4日是周日，这在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么假期主要市场会开盘还是收盘呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整休市日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11月26日星期五，交易时间为半天多一点，上午9:30至下午1点。美国东部时间。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为上午9:30至下午4点。东部时间。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152194057,"gmtCreate":1625274552179,"gmtModify":1631892915879,"author":{"id":"3576152954331303","authorId":"3576152954331303","name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576152954331303","idStr":"3576152954331303"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152194057","repostId":"1165340887","repostType":4,"isVote":1,"tweetType":1,"viewCount":619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":882392061,"gmtCreate":1631660375453,"gmtModify":1631884555044,"author":{"id":"3576152954331303","authorId":"3576152954331303","name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576152954331303","idStr":"3576152954331303"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>//<a href=\"https://laohu8.com/U/3563311381284357\">@MaxWin</a>: Cool","listText":"<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>//<a href=\"https://laohu8.com/U/3563311381284357\">@MaxWin</a>: Cool","text":"$Alphabet(GOOG)$//@MaxWin: Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":18,"repostSize":0,"link":"https://laohu8.com/post/882392061","repostId":"1180788041","repostType":4,"repost":{"id":"1180788041","kind":"news","pubTimestamp":1631062558,"share":"https://www.laohu8.com/m/news/1180788041?lang=zh_CN&edition=full","pubTime":"2021-09-08 08:55","market":"us","language":"en","title":"Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最炙手可热的投资者正在少数股票上下大赌注。批评者说她在玩火</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180788041","media":"CNN Business","summary":"New York  - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.Last year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation exchange-traded fund. It surged nearly 150% in 2020","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.</p><p><blockquote><b>纽约（CNN商业）——</b>当许多投资者满足于随大流并购买苹果、亚马逊和微软等顶级科技公司时，凯西·伍德正在机器人、金融科技和太空探索等热门领域寻找下一个大创新者。</blockquote></p><p> It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.</p><p><blockquote>这是一个雄心勃勃、高风险、高回报的投资层次。这让伍德的粉丝们在2021年感到紧张。</blockquote></p><p> Last year, Wood's strategy paid huge dividends for investors in her flagship&nbsp;Ark Innovation(ARKK)&nbsp;exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.</p><p><blockquote>去年，伍德的策略为其旗舰方舟创新（ARKK）交易所交易基金的投资者带来了巨额股息。2020年股价飙升近150%，帮助她成为华尔街巨星——有点像动量投资界的沃伦·巴菲特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/120f0d157792edd784c8787a1c05e955\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Cathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.</span></p><p><blockquote><p class=\"t-img-caption\"><span>方舟投资管理公司首席执行官凯西·伍德(Cathie Wood)已成为华尔街成长股运动的代言人。</span></p></blockquote></p><p> But this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.</p><p><blockquote>但是今年对伍德来说并不像去年那么好。尽管科技市场炙手可热，2021年迄今为止纳斯达克上涨了18%以上，但截至8月底，创新ETF仍下跌了2.5%。</blockquote></p><p> Wood wasn't available to comment for this story, but she doubled down in&nbsp;an interview with CNBC&nbsp;in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.</p><p><blockquote>伍德无法对此事发表评论，但她在8月份接受CNBC采访时加倍了评论。她并不担心寻找新科技领导者的方舟战略会以糟糕的结局告终，她坚持认为当前的反弹不会重演2000年史诗般的互联网内爆。</blockquote></p><p> \"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"</p><p><blockquote>伍德对CNBC表示：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”“我们现在没有这样的东西。事实上，你会看到很多IPO或SPAC上市，然后落地。我们离泡沫已经不远了。”</blockquote></p><p> <b>How Wood developed her strategy</b></p><p><blockquote><b>伍德如何制定她的战略</b></blockquote></p><p> Wood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.</p><p><blockquote>伍德凭经验说话。她不是千禧一代或Z世代投资者，对他们来说，2000年的科技内爆只是年长交易者讲述的战争故事。65岁的伍德经历了上一次重大科技崩盘，以及1987年臭名昭著的黑色星期一。</blockquote></p><p> She worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.</p><p><blockquote>20世纪80年代和90年代，她在保诚旗下的基金管理公司Jennison Associates工作了18年，然后在联博工作了十几年，然后于2013年离职。</blockquote></p><p> But then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.</p><p><blockquote>但随后，联博传递了她的想法，推出了一套主动管理型交易所交易基金。因此，她独自一人，在2014年创办了Ark。</blockquote></p><p> \"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she&nbsp;told Forbes&nbsp;in a 2014 interview.</p><p><blockquote>“在我的整个职业生涯中，我一直在关注颠覆性创新——为什么我不帮助自己的行业呢？”她在2014年的一次采访中告诉《福布斯》。</blockquote></p><p> That focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.</p><p><blockquote>这种对颠覆性的关注意味着伍德将她的ETF的命运与富有远见但善变的领导者联系在一起。</blockquote></p><p> In the most prominent example, Wood remains an unabashed fan of&nbsp;Tesla(TSLA)&nbsp;and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's&nbsp;Autonomous Technology &amp; Robotics(ARKQ)&nbsp;and&nbsp;Next Generation Internet(ARKW)&nbsp;ETFs.</p><p><blockquote>最突出的例子是，伍德仍然是特斯拉(TSLA)和首席执行官Elon Musk的毫不掩饰的粉丝。迄今为止，这家电动汽车制造商是Ark创新ETF中排名第一的股票，占该基金持股的10%以上。它也是Ark自主技术与机器人(ARKQ)和下一代互联网(ARKW)ETF中最大的头寸。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/425dc1ea59eb1c068eaba7a392e6c04d\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Wood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.</span></p><p><blockquote><p class=\"t-img-caption\"><span>伍德是特斯拉的忠实粉丝，该公司是Ark旗下多只基金的重仓股。</span></p></blockquote></p><p> Wood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.</p><p><blockquote>伍德也同意特斯拉等公司发行更多股票来筹集资金，为自动驾驶汽车等未来项目提供资金。一些投资者对这一策略持谨慎态度，因为新股会降低现有投资者持股的价值，但她认为这是一种短视的观点，尤其是来自特斯拉空头的观点。</blockquote></p><p> \"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"</p><p><blockquote>“我们不怕稀释……如果我们认为他们这样做是出于正确的原因，”她告诉CNBC。“我们希望他们尽快扩大规模，因为我们认为如果我们在自动驾驶方面是正确的……特斯拉可以获得该市场的最大份额，当然是在美国。”</blockquote></p><p> Ark's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an&nbsp;interview with Bloomberg Radio&nbsp;in August. She raved about Tesla's plans to&nbsp;build a humanoid robot, for example.</p><p><blockquote>伍德在8月份接受彭博电台采访时解释说，方舟对特斯拉的巨额投资是押注马斯克在电动汽车业务之外继续创新。例如，她对特斯拉制造人形机器人的计划赞不绝口。</blockquote></p><p> \"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.</p><p><blockquote>“日复一日，尤其是我们对他们的人工智能专业知识以及他们如何真正推动该领域的了解越多……我们相信他们拥有领先地位，”她说，并指出方舟分析师被马斯克的演讲“震惊”了。</blockquote></p><p> <b>Growth at all costs</b></p><p><blockquote><b>不惜一切代价实现增长</b></blockquote></p><p> Wood recognizes her growth-at-all-costs way of investing is not for everyone.</p><p><blockquote>伍德认识到，她不惜一切代价实现增长的投资方式并不适合所有人。</blockquote></p><p> Tesla has lagged the broader market this year. Shares of&nbsp;Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.</p><p><blockquote>特斯拉今年表现落后于大盘。Teladoc(TDOC)是一家远程医疗公司，是Ark Innovation ETF的第二大持股，也是疫情爆发之初的大赢家，其股价在2021年下跌了25%以上。</blockquote></p><p> \"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said&nbsp;during a webcast&nbsp;hosted by Cboe Global Markets in March.</p><p><blockquote>“我们看到估值较高的股票今年遭受重创。但随着时间的推移，这些创新型公司的增长仍将受到良好对待，”伍德在3月份由芝加哥期权交易所全球市场主办的网络直播中表示。</blockquote></p><p></p><p> Wood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.</p><p><blockquote>伍德补充说，她认为投资者还应该将一小部分资金投入比特币，这是另一个高风险的赌注。她强调，投资者必须忽视任何资产不可避免的短期波动。伍德认为，保持长期信念并为未来增长进行投资至关重要。</blockquote></p><p> \"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"</p><p><blockquote>“许多迎合想要利润的短期投资者的公司现在在股票回购和股息上的投资超过了创新，”她说。“这让他们处于危险之中。”</blockquote></p><p> A colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.</p><p><blockquote>一位同事将伍德的“要么做大，要么回家”方法描述为新投资方式的典范。太多的基金经理在判断一家公司的优点时不敢展望未来，而是短视地关注上一季度和下一季度的收益报告。</blockquote></p><p> \"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\"&nbsp;Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told&nbsp;CNN Business in March.</p><p><blockquote>Ark Invest的Ren Leggi在3月份告诉CNN Business：“Cathie长期以来一直关注特斯拉。她不仅仅将其视为一家汽车制造商。你不能将其与传统汽车公司相提并论。”他作为该公司的客户投资组合经理，在投资决策上与伍德密切合作。</blockquote></p><p> <b>Wood's critics</b></p><p><blockquote><b>伍德的批评者</b></blockquote></p><p> But a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.</p><p><blockquote>但越来越多的怀疑者认为伍德的基金最终可能会崩溃。迈克尔·伯里(Michael Burry)是因《大空头》而闻名的超级看跌投资者之一，他最近在Ark Innovation ETF上建立了空头头寸——本质上是押注该基金将大幅下跌。</blockquote></p><p> Some tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.</p><p><blockquote>一些科技股资深人士还想知道伍德是否只是本月的投资风云人物，将她与Firsthand Funds的凯文·兰迪斯(Kevin Landis)、Amerindo的阿尔贝托·维拉尔(Alberto Vilar)和在20世纪90年代末运营着一只受欢迎的新兴增长基金的加勒特·范·瓦格纳(Garrett Van Wagoner)等曾经受欢迎的投资组合经理进行了比较。</blockquote></p><p> Many of those tech funds imploded following the 2000 bubble. The<i>Wall Street Journal</i>wrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010&nbsp;with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"</p><p><blockquote>许多科技基金在2000年泡沫之后崩溃了。The<i>华尔街日报</i>2010年，他写了一篇关于范·瓦格纳和其他20世纪90年代末科技大师的后续文章，标题是“从名声、财富到燃烧的明星。科技基金专家的破产后命运。”</blockquote></p><p> Is Wood destined for similar ignominy?</p><p><blockquote>伍德注定会遭受类似的耻辱吗？</blockquote></p><p> Rivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in&nbsp;Roku(ROKU),Coinbase,Zoom(ZM)&nbsp;and&nbsp;Square(SQ).</p><p><blockquote>竞争对手对伍德只在少数股票上下如此大的赌注提出异议。例如，Ark Innovation ETF近一半的资产集中在其前10名持股中。除了特斯拉之外，该基金还拥有Roku（Roku）、Coinbase、Zoom（ZM）和Square（SQ）的大量股份。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02cbbe0138a0aaa5b930521275ad26e\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Roku is another example of a high-risk/high-reward stock that Wood loves.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roku是伍德喜欢的高风险/高回报股票的另一个例子。</span></p></blockquote></p><p> \"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.</p><p><blockquote>ROBO Global研究主管Jeremie Capron 3月份对CNN Business表示：“我们的投资方式与Ark类似，因为我们专注于科技。但我们的不同之处在于我们避免集中。”</blockquote></p><p> The top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF&nbsp;account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.</p><p><blockquote>theROBO全球机器人与自动化指数（ROBO）ETF的前10大持股占该基金总资产的比例不到20%，该基金拥有约80只股票。方舟基金通常只拥有大约30到50家公司的股票。</blockquote></p><p> For the time being, Wood is having the last laugh.</p><p><blockquote>目前，伍德笑到了最后。</blockquote></p><p> Yes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&amp;P 500.</p><p><blockquote>是的，她的基金的回报可能逐年波动——Ark Innovation ETF在2018年下跌了近25%，然后在2019年反弹了30%——但它已经趋于平稳。截至2021年中期，Ark Innovation ETF的五年平均年化回报率为48.6%，而标普500为17.7%。</blockquote></p><p> As long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.</p><p><blockquote>只要这种长期趋势持续下去，方舟的追随者可能会时不时地原谅低迷的一年，因为伍德继续摇摆。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最炙手可热的投资者正在少数股票上下大赌注。批评者说她在玩火</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire<blockquote>华尔街最炙手可热的投资者正在少数股票上下大赌注。批评者说她在玩火</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-09-08 08:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.</p><p><blockquote><b>纽约（CNN商业）——</b>当许多投资者满足于随大流并购买苹果、亚马逊和微软等顶级科技公司时，凯西·伍德正在机器人、金融科技和太空探索等热门领域寻找下一个大创新者。</blockquote></p><p> It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.</p><p><blockquote>这是一个雄心勃勃、高风险、高回报的投资层次。这让伍德的粉丝们在2021年感到紧张。</blockquote></p><p> Last year, Wood's strategy paid huge dividends for investors in her flagship&nbsp;Ark Innovation(ARKK)&nbsp;exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.</p><p><blockquote>去年，伍德的策略为其旗舰方舟创新（ARKK）交易所交易基金的投资者带来了巨额股息。2020年股价飙升近150%，帮助她成为华尔街巨星——有点像动量投资界的沃伦·巴菲特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/120f0d157792edd784c8787a1c05e955\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Cathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.</span></p><p><blockquote><p class=\"t-img-caption\"><span>方舟投资管理公司首席执行官凯西·伍德(Cathie Wood)已成为华尔街成长股运动的代言人。</span></p></blockquote></p><p> But this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.</p><p><blockquote>但是今年对伍德来说并不像去年那么好。尽管科技市场炙手可热，2021年迄今为止纳斯达克上涨了18%以上，但截至8月底，创新ETF仍下跌了2.5%。</blockquote></p><p> Wood wasn't available to comment for this story, but she doubled down in&nbsp;an interview with CNBC&nbsp;in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.</p><p><blockquote>伍德无法对此事发表评论，但她在8月份接受CNBC采访时加倍了评论。她并不担心寻找新科技领导者的方舟战略会以糟糕的结局告终，她坚持认为当前的反弹不会重演2000年史诗般的互联网内爆。</blockquote></p><p> \"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"</p><p><blockquote>伍德对CNBC表示：“我不认为我们处于泡沫之中，我认为许多空头认为我们处于泡沫之中。”“我们现在没有这样的东西。事实上，你会看到很多IPO或SPAC上市，然后落地。我们离泡沫已经不远了。”</blockquote></p><p> <b>How Wood developed her strategy</b></p><p><blockquote><b>伍德如何制定她的战略</b></blockquote></p><p> Wood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.</p><p><blockquote>伍德凭经验说话。她不是千禧一代或Z世代投资者，对他们来说，2000年的科技内爆只是年长交易者讲述的战争故事。65岁的伍德经历了上一次重大科技崩盘，以及1987年臭名昭著的黑色星期一。</blockquote></p><p> She worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.</p><p><blockquote>20世纪80年代和90年代，她在保诚旗下的基金管理公司Jennison Associates工作了18年，然后在联博工作了十几年，然后于2013年离职。</blockquote></p><p> But then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.</p><p><blockquote>但随后，联博传递了她的想法，推出了一套主动管理型交易所交易基金。因此，她独自一人，在2014年创办了Ark。</blockquote></p><p> \"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she&nbsp;told Forbes&nbsp;in a 2014 interview.</p><p><blockquote>“在我的整个职业生涯中，我一直在关注颠覆性创新——为什么我不帮助自己的行业呢？”她在2014年的一次采访中告诉《福布斯》。</blockquote></p><p> That focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.</p><p><blockquote>这种对颠覆性的关注意味着伍德将她的ETF的命运与富有远见但善变的领导者联系在一起。</blockquote></p><p> In the most prominent example, Wood remains an unabashed fan of&nbsp;Tesla(TSLA)&nbsp;and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's&nbsp;Autonomous Technology &amp; Robotics(ARKQ)&nbsp;and&nbsp;Next Generation Internet(ARKW)&nbsp;ETFs.</p><p><blockquote>最突出的例子是，伍德仍然是特斯拉(TSLA)和首席执行官Elon Musk的毫不掩饰的粉丝。迄今为止，这家电动汽车制造商是Ark创新ETF中排名第一的股票，占该基金持股的10%以上。它也是Ark自主技术与机器人(ARKQ)和下一代互联网(ARKW)ETF中最大的头寸。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/425dc1ea59eb1c068eaba7a392e6c04d\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Wood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.</span></p><p><blockquote><p class=\"t-img-caption\"><span>伍德是特斯拉的忠实粉丝，该公司是Ark旗下多只基金的重仓股。</span></p></blockquote></p><p> Wood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.</p><p><blockquote>伍德也同意特斯拉等公司发行更多股票来筹集资金，为自动驾驶汽车等未来项目提供资金。一些投资者对这一策略持谨慎态度，因为新股会降低现有投资者持股的价值，但她认为这是一种短视的观点，尤其是来自特斯拉空头的观点。</blockquote></p><p> \"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"</p><p><blockquote>“我们不怕稀释……如果我们认为他们这样做是出于正确的原因，”她告诉CNBC。“我们希望他们尽快扩大规模，因为我们认为如果我们在自动驾驶方面是正确的……特斯拉可以获得该市场的最大份额，当然是在美国。”</blockquote></p><p> Ark's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an&nbsp;interview with Bloomberg Radio&nbsp;in August. She raved about Tesla's plans to&nbsp;build a humanoid robot, for example.</p><p><blockquote>伍德在8月份接受彭博电台采访时解释说，方舟对特斯拉的巨额投资是押注马斯克在电动汽车业务之外继续创新。例如，她对特斯拉制造人形机器人的计划赞不绝口。</blockquote></p><p> \"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.</p><p><blockquote>“日复一日，尤其是我们对他们的人工智能专业知识以及他们如何真正推动该领域的了解越多……我们相信他们拥有领先地位，”她说，并指出方舟分析师被马斯克的演讲“震惊”了。</blockquote></p><p> <b>Growth at all costs</b></p><p><blockquote><b>不惜一切代价实现增长</b></blockquote></p><p> Wood recognizes her growth-at-all-costs way of investing is not for everyone.</p><p><blockquote>伍德认识到，她不惜一切代价实现增长的投资方式并不适合所有人。</blockquote></p><p> Tesla has lagged the broader market this year. Shares of&nbsp;Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.</p><p><blockquote>特斯拉今年表现落后于大盘。Teladoc(TDOC)是一家远程医疗公司，是Ark Innovation ETF的第二大持股，也是疫情爆发之初的大赢家，其股价在2021年下跌了25%以上。</blockquote></p><p> \"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said&nbsp;during a webcast&nbsp;hosted by Cboe Global Markets in March.</p><p><blockquote>“我们看到估值较高的股票今年遭受重创。但随着时间的推移，这些创新型公司的增长仍将受到良好对待，”伍德在3月份由芝加哥期权交易所全球市场主办的网络直播中表示。</blockquote></p><p></p><p> Wood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.</p><p><blockquote>伍德补充说，她认为投资者还应该将一小部分资金投入比特币，这是另一个高风险的赌注。她强调，投资者必须忽视任何资产不可避免的短期波动。伍德认为，保持长期信念并为未来增长进行投资至关重要。</blockquote></p><p> \"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"</p><p><blockquote>“许多迎合想要利润的短期投资者的公司现在在股票回购和股息上的投资超过了创新，”她说。“这让他们处于危险之中。”</blockquote></p><p> A colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.</p><p><blockquote>一位同事将伍德的“要么做大，要么回家”方法描述为新投资方式的典范。太多的基金经理在判断一家公司的优点时不敢展望未来，而是短视地关注上一季度和下一季度的收益报告。</blockquote></p><p> \"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\"&nbsp;Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told&nbsp;CNN Business in March.</p><p><blockquote>Ark Invest的Ren Leggi在3月份告诉CNN Business：“Cathie长期以来一直关注特斯拉。她不仅仅将其视为一家汽车制造商。你不能将其与传统汽车公司相提并论。”他作为该公司的客户投资组合经理，在投资决策上与伍德密切合作。</blockquote></p><p> <b>Wood's critics</b></p><p><blockquote><b>伍德的批评者</b></blockquote></p><p> But a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.</p><p><blockquote>但越来越多的怀疑者认为伍德的基金最终可能会崩溃。迈克尔·伯里(Michael Burry)是因《大空头》而闻名的超级看跌投资者之一，他最近在Ark Innovation ETF上建立了空头头寸——本质上是押注该基金将大幅下跌。</blockquote></p><p> Some tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.</p><p><blockquote>一些科技股资深人士还想知道伍德是否只是本月的投资风云人物，将她与Firsthand Funds的凯文·兰迪斯(Kevin Landis)、Amerindo的阿尔贝托·维拉尔(Alberto Vilar)和在20世纪90年代末运营着一只受欢迎的新兴增长基金的加勒特·范·瓦格纳(Garrett Van Wagoner)等曾经受欢迎的投资组合经理进行了比较。</blockquote></p><p> Many of those tech funds imploded following the 2000 bubble. The<i>Wall Street Journal</i>wrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010&nbsp;with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"</p><p><blockquote>许多科技基金在2000年泡沫之后崩溃了。The<i>华尔街日报</i>2010年，他写了一篇关于范·瓦格纳和其他20世纪90年代末科技大师的后续文章，标题是“从名声、财富到燃烧的明星。科技基金专家的破产后命运。”</blockquote></p><p> Is Wood destined for similar ignominy?</p><p><blockquote>伍德注定会遭受类似的耻辱吗？</blockquote></p><p> Rivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in&nbsp;Roku(ROKU),Coinbase,Zoom(ZM)&nbsp;and&nbsp;Square(SQ).</p><p><blockquote>竞争对手对伍德只在少数股票上下如此大的赌注提出异议。例如，Ark Innovation ETF近一半的资产集中在其前10名持股中。除了特斯拉之外，该基金还拥有Roku（Roku）、Coinbase、Zoom（ZM）和Square（SQ）的大量股份。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02cbbe0138a0aaa5b930521275ad26e\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Roku is another example of a high-risk/high-reward stock that Wood loves.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Roku是伍德喜欢的高风险/高回报股票的另一个例子。</span></p></blockquote></p><p> \"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.</p><p><blockquote>ROBO Global研究主管Jeremie Capron 3月份对CNN Business表示：“我们的投资方式与Ark类似，因为我们专注于科技。但我们的不同之处在于我们避免集中。”</blockquote></p><p> The top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF&nbsp;account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.</p><p><blockquote>theROBO全球机器人与自动化指数（ROBO）ETF的前10大持股占该基金总资产的比例不到20%，该基金拥有约80只股票。方舟基金通常只拥有大约30到50家公司的股票。</blockquote></p><p> For the time being, Wood is having the last laugh.</p><p><blockquote>目前，伍德笑到了最后。</blockquote></p><p> Yes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&amp;P 500.</p><p><blockquote>是的，她的基金的回报可能逐年波动——Ark Innovation ETF在2018年下跌了近25%，然后在2019年反弹了30%——但它已经趋于平稳。截至2021年中期，Ark Innovation ETF的五年平均年化回报率为48.6%，而标普500为17.7%。</blockquote></p><p> As long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.</p><p><blockquote>只要这种长期趋势持续下去，方舟的追随者可能会时不时地原谅低迷的一年，因为伍德继续摇摆。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","ARKW":"ARK Next Generation Internet ETF","ARKF":"ARK Fintech Innovation ETF","TSLA":"特斯拉","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180788041","content_text":"New York (CNN Business) - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.\nIt's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.\nLast year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation(ARKK) exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.\nCathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.\nBut this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.\nWood wasn't available to comment for this story, but she doubled down in an interview with CNBC in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.\n\"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"\nHow Wood developed her strategy\nWood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.\nShe worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.\nBut then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.\n\"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she told Forbes in a 2014 interview.\nThat focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.\nIn the most prominent example, Wood remains an unabashed fan of Tesla(TSLA) and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's Autonomous Technology & Robotics(ARKQ) and Next Generation Internet(ARKW) ETFs.\nWood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.\nWood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.\n\"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"\nArk's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an interview with Bloomberg Radio in August. She raved about Tesla's plans to build a humanoid robot, for example.\n\"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.\nGrowth at all costs\nWood recognizes her growth-at-all-costs way of investing is not for everyone.\nTesla has lagged the broader market this year. Shares of Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.\n\"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said during a webcast hosted by Cboe Global Markets in March.\nWood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.\n\"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"\nA colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.\n\"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\" Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told CNN Business in March.\nWood's critics\nBut a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.\nSome tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.\nMany of those tech funds imploded following the 2000 bubble. TheWall Street Journalwrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010 with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"\nIs Wood destined for similar ignominy?\nRivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in Roku(ROKU),Coinbase,Zoom(ZM) and Square(SQ).\nRoku is another example of a high-risk/high-reward stock that Wood loves.\n\"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.\nThe top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.\nFor the time being, Wood is having the last laugh.\nYes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&P 500.\nAs long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.","news_type":1,"symbols_score_info":{"TSLA":0.9,"ARKW":0.9,"ARKK":0.9,"ARKG":0.9,"ARKF":0.9}},"isVote":1,"tweetType":1,"viewCount":3619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819792523,"gmtCreate":1630105925662,"gmtModify":1704955937915,"author":{"id":"3576152954331303","authorId":"3576152954331303","name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576152954331303","idStr":"3576152954331303"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/819792523","repostId":"2162358024","repostType":4,"isVote":1,"tweetType":1,"viewCount":1813,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173858835,"gmtCreate":1626654266427,"gmtModify":1631892915792,"author":{"id":"3576152954331303","authorId":"3576152954331303","name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576152954331303","idStr":"3576152954331303"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/173858835","repostId":"1111084715","repostType":4,"isVote":1,"tweetType":1,"viewCount":818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810903337,"gmtCreate":1629937324229,"gmtModify":1631891225113,"author":{"id":"3576152954331303","authorId":"3576152954331303","name":"kellyWin","avatar":"https://static.tigerbbs.com/998a1f5690229ca3d39cf5b725609b6d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576152954331303","idStr":"3576152954331303"},"themes":[],"htmlText":"<a 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