Cathie Wood & Ark: Insiders Aren't Buying the Hype
Fund manager Cathie Wood says her portfolio will produce a 40% compound annual growth rate over the next five years. Market history and executive insiders suggest otherwise.
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Fund manager Cathie Wood says her portfolio will produce a 40% compound annual growth rate over the next five years. Market history and executive insiders suggest otherwise.
Her flagship fund ARK, which had a dramatic breakout during the pandemic, is way off its peak. But for the superstar portfolio manager, there’s always five years from now.
While Eisman and many others are still licking their Tesla-inflicted wounds, Cathie Wood's ARK funds have soared in value.
February 27, 2021 What do Tesla, Square, bitcoin, and Shopify have in common? Yes, they are all red hot and bubbly. But they have also been blessed by Cathie Wood, the star stock picker and bespectacled founder of ARK Investment Management. Wood’s “disruptive innovation” fund has posted a 140% gain over the past year, blowing away the 21% gain of the broader US stock market. Wood has made a name for herself by looking deep into the future to predict how things like battery storage and genome sequencing will reshape the economy. Her company’s eye-popping returns sparked a cult followin...