In 2018, Sister Wood made predictions about the macro environment and the future, but she got slapped in the face. The pandemic and interest rates combined caused a major crash. However, in 2020, she became a legend, with annual returns up 150%, earning her the title of 'Goddess of Stocks.' But then ARKK pulled back sharply by 80% from its peak, and many of her holdings suffered massive losses. Her investment system is very simple: identify opportunities + heavy positions + long-term holding. Reflecting on my own failures, I find this particularly insightful.