Many investors respect Burry for his insight. For example, Burry was among the first investors to foretell the mortgage crisis that led to the 2007 global financial meltdown. He profited from that crisis. Is Burry right about the ARK Innovation ETF?
ARK funds manager Wood gives credit to Burry for predicting the mortgage crisis. However, she thinks the hedge fund manager of The Big Short fame has got it all wrong this time. Wood thinks that the Scion Asset boss doesn’t understand the fundamentals fueling growth in tech innovation, hence his bearish bet on ARKK shares.
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