Cathie Wood Says She’s Having No Second Thoughts
Setbacks, volatility and inflation anxiety can’t dent this star investor’s faith in the power of innovation to propel share prices upward.
When Cathie Wood talks ...
Photographer: Christinne Muschi/BloombergThe most prescient investor of 2020 is besieged this year with rat-a-tat headlines reporting record outflows from her signature funds. Cathie Wood, founder and chief executive of Ark Investment Management LLC, has suddenly been forced to defend the strategy that made her the best stock picker of the previous year, returning an average of 173% to investors of her $42 billion exchange-traded funds.
But a chorus of questions about the risks, liquidity, capacity and very premise of her approach has done nothing to dent Wood’s confidence in the power of innovation. Inflation anxiety that has rattled other investors leaves Wood unmoved.