Ark Investment Management founder and CEO Cathie Wood said she was not worried about the recent drop in her funds and that the bull market was simply broadening out to include more strategies like value and that over time here disruptive strategy would pay off.
"Right now the market is broadening out and we think in an underlying sense the bull market is strengthening and that will play to our benefit over the longer term," Wood said on CNBC'sWood manages five ETFs focused around "disruptive innovation" that have raked in more than $15 billion of investor money this year alone.
"We do think the speed of the increase in interest rates is scaring people. It became very comfortable in a low interest rate environment: nothing much changing, the Fed has our back and so forth," said Wood. Staying the course, Wood took the recent tech weakness as an opportunity to buy the dip in some of her ETF's top holdings. Wood has made big purchases of
If she buys GameStop will y’all still not talk about it? why y’all ghosting gme as if y’all lost money on it
She’s either completely insane, or going to make CNBC the Clown News Broadcasting Company
Where are all the Cathie Wood haters today? 💀 💀 💀
Agree... need cash to buy once the summer sell off will start....
after she sold half her portfolio and market shot up. 🤣👌
Something about her gives me the creeps.
You know what I see? A lot of men hating a woman. Why is that?
She also said that she has identified the rarest tulip bulbs and will be adding those to the portfolio.
Big mistake
Best brain in the business
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She’s a great sales rep
Love women in charge of money because of the ego issues in men but listening to her I hear doubt. She added to early but she will win in time. Time fixes everything.
Time will tell her everything. More investors are out of her funds
Throws dart at an overpriced tech stock board blindfolded and is now reaping the rewards.
Lucky or smart. Only time can tell. She doesn't even know. Faites vos jeux
Lol!!!!
First time I’ve heard someone say that their portfolio going down is good for the long term performance
She is correct, since infinity is forever.
pump it up
Bullshit. She's overweighted on Tesla long positions
Cathie knows best!
This market sounds a lot like 2007. Dick Fuld of Lehman Brothers talking about squeezing shorts and hyping the market.
If people can afford to buy bitcoin and seconds of video clips for six figures, now would be a good time to start paying down our debt and saving the real economy.
❤️❤️🙋♀️
What else would you expect the market flavor of the month to say?
Bull Market strengthening? werent key indicies sharply lower on volume for three consecutive weeks? Volatility Index rejecting lower levels? after years of unprecedented, unquantifiable malinvestment? Bull Market strengthening? comically myopic moral hazard?
🤣😂 She bought way too early. Greed got a lot of people.
What does Jesus say?
If there was a Billions 2 series would Cathie Wood be the star? andrewrsorkin jimcramer
In cathie we trust
Wilhelmdenni my investments With him has been so profitable and I would love to recommend him to everyone who is interested in boosting up their financial situation Wilhelmdenni
Sure.
Cathie looked extremely stressed today. BTW, she's a hardcore Trumper, and like all things Trump, she sells fantasies and they are all blowing up quick.
Reasonable explanation of high risk strategy. Betting on the stocks of the 2030s in 2021 is always going to mean tolerating big swings. But we are clearly seeing a rotation with tech heavy Nasdaq down 2% but Dow up 1.3% (similar to equal weighted S&P). So not a bear market.
The more they keep pumping Cathie, the more her portfolio dips 🤣
I like how normalised going negative for years and masquerade as if that's how the cookie crumbles. Shes going far