Cathie Wood

That's their decision, right?

In terms of what we do to control risk, during bear markets, we will concentrate towards our highest conviction names.

We have a scoring system.

based on management, execution, moat or barriers to entry, product service leadership, valuation importantly, and thesis risk.

So with those scores, we concentrate.

During bull markets, which I do believe we are in a bull market that is broadening out, we tend to diversify because the IPOs start appearing again and we have more information on some of the companies we've sold during the bear market.

You know what's so interesting about it?

And this happened with the first model we put out.

We put out a model once a year of Tesla with our price target five years out.

We looked at his first package and we said, that looks like our model.

And we looked at this one and we said, wow.

that looks like our model and our model is your 10-year forecast has tesla eight and a half nine trillion well right and we we put out there five years five years yeah yeah so uh and i think if he delivers on humanoid robots the way he thinks he is we don't have enough in there so our price target is 2600 i think it's at 330 today something like that exactly

Yeah, 2,600.

And we have very little for humanoid in.

But what Elon is capitalizing on is this convergence that I mentioned, robotics, energy storage, and AI.

That convergence in the robo-taxi space

is pretty much the same convergence in the humanoid robot space.

I think it's huge.

I mean, I wish more CEOs would do this.

Elon's not gonna be paid unless he reaches these milestones either.