You should do your research on her. Cathie Wood is one of the most celebrated hedgefund managers for outperforming the whole traditional market for the last 8 years.
So was Madoff!
However, we have not yet witnessed how investments in disruptive technology might perform during a recession. I speculate that it might not be very good hehe.
Oh yes, we have already the data:
While last year was tremendous for the stock market, with the S&P 500 marching 27% higher, the same can't be said for ARK Innovation. Wood's leading ETF lost 24% in 2021, ranking it 1,471st out of a peer group of 1,503 actively-managed equity ETFs in the U.S., by Barron's calculations.
https://www.barrons.com/articles/cathie-wood-ark-innovation-etf-losses-51648812055Cathie Wood's flagship ARK fund suffers the biggest monthly outflow in nearly a year as performance continues to suffer
The Ark Invest Disruptive Innovation ETF saw outflows of $820 million in August, just shy of its September 2021 outflow of $939 million, according to data from VettaFi.
But now investors may be growing tired of the consistent underperformance in the once-hot thematic ETF. Since its peak in February 2021, Ark's flagship fund has lost 75%, as a series of aggressive interest rate hikes from the Federal Reserve and elevated inflation concerns put a big dent in longer-duration stocks that are not yet profitable.
And now we know the reason for her aggressive
BTC to 1 million calls.
Popcorn time, let's see how much of those previous gains were lies and how much other lies, might add up to 100%, just like Madoff!