Cathie Wood is the PM of the red-hot ARK asset management which has seen billions of inflows and is driving many of the highest valuation, most “disruptive” stocks out there.
I’ve seen plenty of hedge fund managers come out and “talk their book” at conferences and investor events but never really seen one provide the kind of commentary that she freely shares on YouTube. You can find a recent one here:
What’s important isn’t whether or not you agree with her - it’s that she has a mission and a methodology to implement it. And she’s willing to share that and her thoughts with the general public. That’s rare.
Thanks to her success she has attracted some critics. I’m surprised by some senior portfolio managers lashing out at her lack of “risk management” since she’s suffered recent declines in her sector.
They miss the point. Her job is precisely to invest in the most disruptive technologies and companies she can find. Her job is not to provide a “safe haven” or allocate assets among different risk categories. Nearly every investor should have some percentage of their assets in “high growth, high risk/return” equities. Whether it’s 1% or 20% her funds provide that exposure for you. The high-risk nature is why you have the balance invested in other asset classes.
Personally I don’t plan to invest in any of her funds right now because I’m busy selecting my own stocks. But I applaud her approach and willingness to share her thinking in a direct way with public investors.
That’s refreshing. I know it serves her interests and is basically marketing. Maybe more professional portfolio managers will take to this method. The rise of retail continues! I love it.
She does these monthly and there is one scheduled for today at 1:30 Eastern Time. You can sign up here: ARK March 5th Webinar Zoom.