How Cathie Wood Beat Wall Street By Betting Tesla Is Worth More Than $1 Trillion

esla shares were limping along around $200 in May 2019, about where they had traded five years earlier, when Elon Musk’s biggest Wall Street booster tried a gutsy experiment. Cathie Wood and her Ark Investment Management were already well-known for their way-out-there predictions that Tesla would build a fleet of robo-taxis worth $1 trillion and that its shares would soar 20- or 30-fold by 2023. Now she stirred the pot again by publishing online Ark’s new bull’s-case valuation of $1.

Meanwhile, Wood, 64, is perfectly happy to have a chorus of critics: “It almost makes me feel comfortable, to be honest, because it means if we’re right, then the rewards will be pretty enormous.” Its Tesla position and a pandemic that has accelerated adoption of the technologies embedded in the 35 to 55 companies in each Ark ETF have helped its assets nearly triple in 2020, to $29 billion. “Coronavirus has catapulted our innovative platforms into high gear because they solve problems,” Wood says. “Innovation solves problems.” conservatively values Ark at $500 million, or about 2% of assets under management, roughly the same multiple as publicly traded T. Rowe Price commands.

In 2017, Ark took off, buoyed by surging prices for stocks like Netflix, Salesforce, DNA sequencer Illumina, digital-payments processor Square and digital health provider Athenahealth. Assets rose tenfold, and Ark began to build its brand on the back of bold predictions, an active Twitter presence and the free research it put online.

With all successful innovations, of course, come copycats. Gimmicky themed ETFs have proliferated in everything from pets to sports gambling to work-from-home. Fund giants Dimensional Fund Advisors, Fidelity Investments and T. Rowe Price have all recently launched their own slates of actively managed ETFs.

Weekly Summary of Cathie Wood's ARK Invest - Fund is down and a new company added Your Daily Dose of Cathie Wood's ARK Invest info in a short video:

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How Cathie Wood Beat Wall Street By Betting Tesla Is Worth More Than $1 TrillionThe newest superstar investor has leveraged a zealous belief in innovation into a $29 billion-in-assets firm and a $250 million net worth. She looks like she “Cares A Lot”... How Top Companies moved for each ETF ( ARKK, ARKG, ARKW, ARKF, ARKQ, IZRL, PRNT) and all ETFs combined $PLTR also feature in the end of the video Your Daily Dose of Cathie Wood's ARK Invest info in a short video:
Source: Forbes - 🏆 394. / 53 Read more »

How Cathie Wood Beat Wall Street By Betting Tesla Is Worth More Than $1 TrillionThe newest superstar investor has leveraged a zealous belief in innovation into a $29 billion-in-assets firm and a $250 million net worth. I will organic digitalmarketing Facebookmarketing and promotion for your business.facebookbusinesspage work business page verify twittermarketing instagrammarketing linkedinmarketing pinterestmarketing Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. Jasonsallm_1 for transparency and trust.
Source: Forbes - 🏆 394. / 53 Read more »

How Cathie Wood Beat Wall Street By Betting Tesla Is Worth More Than $1 TrillionThe newest superstar investor has leveraged a zealous belief in innovation into a $29 billion-in-assets firm and a $250 million net worth. It's boring to sit at home alone, looking for someone to spend time with She’s a rockstar.
Source: Forbes - 🏆 394. / 53 Read more »

Cathie Wood Extends Hot Hand With ARK Space Exploration ETFCathie Wood’s new space-exploration ETF is already on track to be one of the most successful fund launches ever, despite criticism it doesn’t necessarily reflect its area of focus Trash. All of it. PM me if you’re interested in earning $105 by online trading daily, PM me if you have a phone or PC let’s go ✅✅✅
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Cathie Wood sees these 2 trends as the next big things after electric vehiclesWood has big bets on names like Square and PayPal, which dominate the digital wallet space. Digital wallet is 1 of her 2. $HMBL humblceo appearing on during the 2-3 EST hour tomorrow She’s overrated. YAAASS QUEEN $ARKK
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