Wood believes her fund will once again outperform the market once the economic pain from high inflation and the Federal Reserve’s rate increases subside. “Anyone who bets against American innovation in the long term is likely doing bad business,” she argued.
“There are extreme fears of inflation in markets today… no one is really making big bets, everyone is cowering and cash is at record highs,” Wood said. She worries that given the brutal market backdrop this year, investors are “too fearful of innovation that is going on,” even though many of these disruptive companies are already evolving into the “new leaders of the next bull market cycle.”
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