The 'wooden sister' of Nvidia has once again been ridiculed across the internet due to a highly unprofessional and irresponsible statement of 'had we known'.

On Monday local time, Casey Wood, also known as the 'wooden sister', posted on the X social platform, saying:

If we had known the market would reward Nvidia and the other 'six giant stocks' and punish stocks that would be the main beneficiaries of AI, such as Tesla - the world's largest AI project - and comprehensive biotechnology companies such as Recursion Pharmaceuticals, we would have continued to hold Nvidia stocks in the ARKK fund.

To sum up, if she had known Nvidia's stock would rise, she wouldn't have sold it.

To Reddit users at r/wallstreetbets, isn't this is a typical case of 'who knew and who believed'?

Despite the fact that Nvidia's stock price has been hitting record highs for more than a year, the wooden sister has been selling Nvidia continuously, leading to Ark Investment Management losing more than $1.2 billion in returns.

To be fair, Wood didn't expect Nvidia to skyrocket. Since the beginning of this year, the stock price of the chip giant has risen by 170%, and in June it was once the company with the highest market value in the world.

But the problem is that investors spent so much money just to let Wood know in advance that Nvidia's stock price would skyrocket.

Some netizens directly said, Wood, 'Are you kidding me?'

It is understandable that investors are angry since they pay Wood to manage their finances, expecting her, as a professional, to make correct predictions and decisions rather than a novice investment common phrase like 'if we had known'.

Nickname '18 Decimals' suggested that Wood should admit the incompetence of her team and how terrible their investment strategy is. This netizen also said:

The only advantage of investing in the Ark Fund may be to offset the profits of other investments with losses and thus reduce taxes.

In the comments, netizens took out 'clown' emoji packages.

Some netizens said they were 'laughed to death' by Wood.

This comment might be the closest one Wood has made to an apology. However, in Monday's post, Wood did not admit her mistake directly, but tried to pass the buck with a harmless 'if we had known', which could also be one of the reasons for the backlash.

Netizens can't understand why Wood, who has so many professional analysts, would miss Nvidia, the center of the AI revolution.

Some people pointed out that Wood's investment decisions and logic seemed to be contradictory.

If Wood really believes in the future of AI, holding Nvidia stocks is the most direct and wise choice, because Nvidia is the core supplier of AI hardware, and even Tesla that Wood is bullish on will use Nvidia chips.

The reason Wood sold Nvidia is simple: the valuation was too high. She once said in an interview:

This is a stock with strong cyclicity. The current situation is overly active, and everyone is excited to enter the market at the same time, so there will be double orders, triple orders, and quadruple orders, and then there will be a position adjustment. We believe this situation will happen again.

In a recent letter to investors, Wood once again stated that Nvidia stocks face challenges in the short term. The next generation of internet plus-related ETF (ARKW) under the Ark Investment still holds Nvidia stocks, but as of June 28, Nvidia's weight in the fund is only 1.39%.

Will Wood's prediction be fulfilled?

Note that a report from Morningstar two months ago showed that Ark Investment has lost about $14.3 billion in wealth over the past decade.

This may answer the questions of some netizens.

PS, perhaps some investors might think:

If we had known that the Ark Investment was losing money, we wouldn't have bought it.