That people are falling for this misleading narrative indeed shows the “power of story telling”

“Power of narrative” is when you start your narrative at 2018, instead of at 2014/2015: https://twitter.com/longshorttrader/status/1347376838163660802

This is called right for the right reasons on a top down basis: https://twitter.com/longshorttrader/status/1328492239383793664

Doesn’t mean you are right for right reason on EVERY SINGLE POSITION. You can get the big picture right, while getting specific positions wrong, even getting lucky where you’re “fundamentally wrong” but “market right” : https://twitter.com/longshorttrader/status/1328491761413492736

I wonder why this Michael Batnick decided to write about this today. His article is misleading and is an excellent example of how storytelling can stray from the totality of facts.

People seem to be confusing “I want to buy today what I should’ve owned for the last 4-5 years” with “Cathie is merely a good story teller. No skill all luck.”

And that batnick is adding fuel to the fire by propagating a misleading narrative.

People also seem to be confusing forward looking risks - namely, that Cathie’s strategies inherently bear major drawdown risks - with revisionist history, portraying her as a mere lucky fool of randomness.

And the Big Short bros were all skill and no luck amirite?

My favorite action hero figure hf manager is self made, right for right reasons, philosopher king, and a great all around american story. Cathie is just lucky, and worse, "taking advantage of the situation" https://twitter.com/DavidSchawel/status/1349901479918891015

"I didn't say that; I think they are all entitled bros born on third base"

Cathie is (at least was back in 2015) a single mother, who bore reputational + financial risk., started her own business. Offered customer friendly features: tiger-like long book, w low fees + liquidity.