Cathie Wood made macro and future predictions in 2018, but got it wrong—the pandemic and rising rates combined for a sharp decline. However, in 2020 she became legendary, with returns surging 150% in a year, earning her the title "Oracle of Stocks."

But subsequently, ARKK pulled back sharply 80% from its peak, with many positions suffering heavy losses.

Her investment system was quite simple: identify the right opportunity + concentrated positions + long-term holding.

Combining this with many of my own failures, I have particularly deep insights into this approach.