If people knew what they were doing they wouldn't need hedge funds. I don't thin... | Hacker News

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		etempleton on May 30, 2022 \| parent \| context \| favorite \| on: The rise and fall of Cathie Wood, controversial Wa... If people knew what they were doing they wouldn't need hedge funds. I don't think anyone got bait-and-switched. caveat emptor I suppose.

ajasmin on May 30, 2022 [–]

Major nitpick: ARK is not a hedge fund but an ETF. My understanding is that it tracks an actively managed list of public stocks.

I'm sure it's not much consolation, but "actual" hedge funds are for the sophisticated investor. These funds have access to more sophisticated ways of wiping out investor money.

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