After taking some flack during the bounceback in 2019 for not being on board with new stocks.

Kathy Wood's Ark Invest is down.

It has "everything you could want in this environment." Cash to take advantage of opportunities, real estate exposure, industrial, railroad (which is charging record rates), financial exposure, energy, utilities.

Buffet was like the last man standing after the dot com bubble too. He was ridiculed in the 90s for not understanding the appeal of the tech thing.