Gloom or Boom? Two Wildly Different Perspectives on Equity
Rob Arnott and Catherine Wood shared thoughts at our annual conference.
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Rob Arnott and Catherine Wood shared thoughts at our annual conference.
Stocktake: The discount is now wider than that seen at the height of the dotcom bubble
Cathie Wood and Rob Arnott aren't worrying yet about a stock market bubble, and said the industry is ripe for disruption.
Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.
Tesla’s entry into the S&P 500 Index has cost investors benchmarked against blue-chip US stocks more than $45bn since December. The world’s leading electric vehicle maker was finally admitted to the S&P in 2020, and its stock which had skyrocketed 764 percent before admission, fell in the following six months and the stock it had replaced—Apartment Investment and Management–increased by 48 percent. This rebalance cost investors 41 basis points, according to Rob Arnott, chair of RA, which in actual terms translated to a huge sum as the S&P 500 is tracked by about $4.6trillion of capita...