Cathie Wood: ARK Invest reduces its stake in Tesla at a high point, using part of the profits to increase holdings in crypto assets
ARK Invest founder Cathie Wood stated that ARK Invest reduced its holdings in Tesla stock when it was nearing its peak and allocated some of the profits to crypto assets.
We tend to rebalance our portfolio in this way when one stock is rising relative to others, while another stock is experiencing a painful moment.
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