‘We’re investors, we’re not supposed to mimic benchmarks’: Cathie Wood of Ark Invest

Known for her ‘active ETF’s’ enormous returns during the pandemic, thanks to big bets on the likes of Zoom and Tesla, Cathie Wood is synonymous with bold investing.
But, while she has many accolades, her style and bold takes have not gone without criticism. The fund’s performance has been mixed, witnessing huge swings up and down since its inception, which some critics blame on her heavy reliance on instincts and poorly timed exits.
In this episode, Dave Baxter and Cathie discuss those criticisms alongside the automated vehicle space in the US and China, digital wallet companies, and what it would take for Ark to buy more of the Magnificent 7.
1:15 Tesla
9:05 How sensitive is the Innovation Fund to AI euphoria
12:42 Risks in some of the stocks & Tesla’s risks in China
15:18 Digital wallets ie. Coinbase & Robinhood
20:24 Zoom
23:57 The Magnificent 7 & what happens next
29:46 Cathie’s take on inflation and interest rates
31:53 How much politics is influencing stockpicks
34:11 The Innovation ETF’s focus on the US and looking further afield
37:38 Merit to regulation
39:04 Controversy around intellectual property and AI
41:58 Criticism of Ark’s approach and how the funds are run
47:32 Poorly timed exits & Nvidia
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[@aknevv]

Gotta say, this was absolutely fascinating, thank you ❤

[@magalengo]

Yes, she is special at destroying massive amounts of shareholder wealth, while greatly enriching herself. An evil marketing genius.

[@lawLess-fs1qx]

we saw who was swimming naked when the tide went out.

[@kunverjihirani276]

Crashie Woods 🤣

[@ftr841]

She can’t be that good as she sold NVIDIA early

[@jacobin1973]

This is what a pipe dream sounds like

[@davedave3282]

You lose money the past 5 years.