ARKK will benefit greatly if market risk appetite returns.

But I will defend Cathy Wood's project, ARK, ARK. I will do it with all my might. I don't think it will take long for sentiment to return to normal very quickly if the stock market starts moving, and it is moving.

look at this chart for ARK. The purple line, please. I mean, it might fail here, but would you bet on it? Would you bet on it failing right here?

The problem is, I'm only looking at an exchange-traded fund (ETF) whose composition changes daily. It's not an index. In other words, if She showed me this and said, "This is BlackRock's X and Y fund."

And I know it's a fixed set of stocks. I get your point. I'm telling you, strategies matter. She could change this entire portfolio tonight.

Well, but she won't because...because I...so , your observation is valid. There should be some doubt because you're not buying and holding an index. But, the market she's investing in doesn't change much.

She's buying what's needed, and I don't mean bad stocks, I mean what she specifically buys. Innovation.

Look at this chart. These are her top six investments, and they're all performing well. So, she's holding stocks in innovation, cryptocurrencies, and genetics. All of these stocks have fallen significantly from their highs and are in a long-term downtrend. All of them.

So, if risk appetite returns to the market significantly, I think ARK will benefit greatly, and it looks like it's I admire your courage. For the first time, I want to challenge your opinion.

Not just disagree , I want to take a different view.

I want to tell you that what you'll do, and unfortunately, what has happened historically, is sell your winning shares and buy more of your losing shares. Some of those shares might work, but the portfolio management strategy is that when people on social media start commenting, "I can't believe you were so stupid to buy CRISPR stock," you'll take that as a signal to buy more shares.

And that's often not in the best interests of ARK shareholders.

So, I'd like to put This is a challenge for you. When do you want to participate? Are you in? Yes. You might be right. You know, I'm not one to be stubborn , but I want to see if my logic will outweigh yours, because we're not just looking at the outcome, we're also looking at the actual portfolio turnover , and whether I'm right about what's going to happen.

We'll take a snapshot of the assets today, and another one in the future, and see if they match.