Cathie Wood's 'wild' bets Tesla and Bitcoin backfire. Can a reality check help recover her ARK?
Cathie Woods investment philosophy is exactly the opposite of value investing. And currently, some of her audacious investments are facing a reality check. The burst of the tech bubble has impacted ARK Innovation ETFs high-growth, high-risk portfolio. The fund, which was soaring at USD160 per share in February 2021, now hovers around USD50. Has Wood's vision crash-landed?
Source: indiatimes.com