It’s essential to maintain longer-term convictions and invest for future growth, Wood believes. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. Wood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. But the growth for these innovative companies will still be treated well over time,” Wood said during a webcast hosted by Cboe Global Markets in March. “We’ve seen higher-valuation stocks hit hard this year. (TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021. Tesla has lagged the broader market this year. Wood recognizes her growth-at-all-costs way of investing is not for everyone. “Every passing day, especially the more we learn about their AI expertise and how they’re really driving the space … we believe they have the pole position,” she said, noting that Ark analysts were “blown away” by Musk’s presentation. She raved about Tesla’s plans to build a humanoid robot, for example. You don't have to be rich to cash in on the space raceĪrk’s big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an interview with Bloomberg Radio in August. It’s also the biggest position in Ark’s Autonomous Technology & Robotics and Next Generation Internet ETFs. The EV maker is the top stock, by far, in Ark’s Innovation ETF, accounting for more than 10% of the fund’s holdings.

In the most prominent example, Wood remains an unabashed fan of Tesla That focus on disruption means Wood ties her ETF’s fortunes to visionary but mercurial leaders. “I have been watching disruptive innovation for my entire career - why don’t I help my own sector along?” she told Forbes in a 2014 interview.

“I have been watching disruptive innovation for my entire career - why don’t I help my own sector along?” So she struck out on her own and started Ark in 2014. She worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.īut then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987. She’s no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. We couldn’t be further away from a bubble.”

In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. “I don’t think we’re in a bubble, which is what I think many bears think we are,” Wood told CNBC. She’s not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion. Wood wasn’t available to comment for this story, but she doubled down in an interview with CNBC in August. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021. Courtesy ARK Investment Management LLCīut this year hasn’t been nearly as kind to Wood as the last. Cathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.

Last wood wall not working ark