How to Manage Risk at the Sector Level?

The cathywood fund has talked in recent months that her portfolio is down 50%. Some of the innovation names, a lot of em, are down 60, 70, 80 %. So we just look at ark for a moment, and maybe we talk about that. The problem is on the risk management side. Not rebalancing the portfolio every quarter has left her vulnerable now to essentially owning names that went too high. And if you were the last investors in, you really got hurt.