Cathie Wood, one of the best fund managers ever, shares investment insights - including on Tesla, what's next
Cathie Wood's exchange-traded fund, the ARK Innovation ETF, surged by almost 160% last year, growing assets 10-fold—unprecedented inflows for an active fund of that type, notes The Wall Street Journal. She made concentrated bets on hot stocks such as Tesla, Roku, Square and biotechs and told an interviewer last month that she expects to nearly triple unit holders’ money over the next five years. But similar star managers’ performance has tended not only to be mean-reverting but actually worse-than-average after their runs end. In this podcast, Cathie Wood discusses her investment strategy.