Lost Money in the Technology Selloff? Here's What Buffett Mentor Phil Fisher Says to Do.
It has been a brutal month or so for high-flying technology growth stocks that soared during the pandemic of 2020. In a massive market rotation, investors have sold off many high-growth stocks in software, electric vehicles, and other technology IPOs and special-purpose acquisition companies, in favor of more beaten-down sectors of the market like financials and energy stocks.
In particular, ultra-high-growth disruptors, like the kind favored by newly famous investor Cathy Wood have been hit particularly hard; her ARK Innovation ETF (NYSEMKT: ARKK) is down 21.7% just in one month:
Source Fool.com
