Cathie Wood buys the dip in Tesla

We love the liquidity that this provides us, we think it’s very healthy, a very healthy shakeout.  All I know is we are keeping our eyes on the prize and the prize just got a little bit more interesting.  Corrections are good, they keep us all humble.  The strongest bull markets I’ve been in are built on walls of worry.

~ Cathie Wood, "Cathie Wood Buys the 13% Dip in Tesla as ARKK Slips Again," Bloomberg, February 23, 2021

(Wood’s main fund, the $27 billion ARK Innovation ETF (ARKK), notched its worst back-to-back rout since September, falling as much as 11.8% and ending the day down 3.3%. A record $4.96 billion worth of shares changed hands in total, more than double the previous high just a day prior.  ARKK closed down 11.2% from its all-time high set February 12)