Others fear my greed, as Ark continues to bottom fish Coinbase and Tesla.

As the year-end approaches, many foreign investors are taking early holidays, leading to subdued trading activity in the markets and a downturn in the stock market. Cathie Wood, also known as "Wood Sister," who manages the investment firm ARK Invest, continues to increase holdings of Tesla and Coinbase stocks through its ARK Innovation ETF ARKK, fully embodying the famous quote by Warren Buffett, "Be fearful when others are greedy." However, given the scale of Cathie Wood's business, these risky moves are not something ordinary retail investors can easily emulate.

Coinbase

The U.S. regulated exchange Coinbase has encountered a crypto bear market this year, with a significant drop in fee revenue. In the first three quarters of this year, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) losses have reached $2.3 billion. The stock price has also plummeted from $258 at the beginning of the year to $32.53, a staggering 87% decline, marking the lowest price since Coinbase went public.

Note: EBITDA is used to evaluate a company's core profitability as it eliminates items not directly related to the company's operations, such as interest, taxes, depreciation, and amortization, providing insight into the company's primary business earning capabilities.

Tesla

Tesla's founder Elon Musk has always been a controversial figure. After acquiring the social platform Twitter this year, Musk has been criticized by shareholders for investing too much time in Twitter and neglecting Tesla. With Musk recently selling a large portion of his personal Tesla stock, lower-than-expected electric vehicle sales this year, and the Shanghai factory taking an early break, the stock price has continuously fallen to $112.71, slashed from the beginning of the year price of $400.

ARK Innovation ETF - How is Ark Doing?

As for ARK Innovation ETF, the flagship fund of Ark, it has dropped from nearly $100 at the beginning of the year to below $30. With a significant amount of funds, Ark Invest can continue to buy the dip. This is not something typical retail investors can easily do. Before making any investment decisions, please ensure proper fund management and DYOR (Do Your Own Research).