Hertz Stock Soars; ARK Invest Stumbles
Whitney Tilson’s email to investors discussing stocks extend slide on inflation data; locking in a huge crypto gain; Hertz stock soars; just because you made money doesn’t mean you were smart; Cathie Wood’s ARK wasn’t built for a flood. Q1 2021 hedge fund letters, conferences and more Stocks Extend Slide on Inflation Data1) No sooner did I write in yesterday's e-mail about my concerns regarding inflation than the market puked on exactly that (see this Wall Street Journal article: Stocks Extend Slide on Inflation Data), with the S&P 500 Index falling by 2.1% and the Nasdaq Composite Index dropp...