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Tesla Inc (NASDAQ: TSLA) CEO Elon Musk asked Cathie Wood of Ark Investment Management her views on the high ratio of S&P market cap to GDP on Monday.
What Happened: The entrepreneur quizzed Wood, portfolio manager for
Ark Innovation ETF (NYSE: ARKK), on Twitter after the fund manager tweeted the latest episode of the company’s Big Ideas podcast featuring research from Ark’s Director of Research Brett Winton.
What do you think of the unusually high ratio of S&P market cap to GDP?
Winton obliged Musk with an answer to his query, saying that comparing the S&P market cap to the United States Gross Domestic Product was akin to comparing “apples to oranges.”
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