By Kelvin Lee, Alonso Munoz
If you don’t know Cathie Wood, here’s a short summary: She’s a wall street veteran that in 2014 founded ARK Invest, an investment fund with over $16 billion in current assets across 9 different Exchange Traded Fund (ETF) offerings. ARK’s funds are known for their thematic investments in innovative technologies such as genomics and electric vehicles. Over the last two years, Cathie Wood and her funds have become a topic of debate on market imbalances, prospects of future innovation, and the evolution of modern financial markets.
Underneath Cathie Wood’s Magic Touch.
It was back in May at the Milken Institute Global Conference that I heard Apollo Investment CEO Marc Rowan joke that “You’ve worked for me for 10 years and I still don’t know if you are a good investor”. It’s a bit of banter, but there’s some truth there. We’ve been in a long bull market and nearly every equity sector has performed well since 2008. Even an efficient market hypothesis strategy of blindly picking positions from the S&P500 would have made money. For more inforamtion visit our blog- Opinion- Cathie Wood, Genius or Just Lucky?