Opinions on Cathie Wood run strong. “She knows nothing more than anyone else,” one reader all-capped me in an email this past week.
I think value investors have been waiting so long for a momentum-stock comeuppance that some are now trying to remember the moves to their end-zone dances.
“All I have to do is watch the TV for a little while or go on to
Twitter
and absolutely I hear it,” Wood tells me. She’s founder and CEO of ARK Investment Management, whose flagship
ARK Innovation
exchange-traded fund (ticker: ARKK) has lost 50% in a year—and made 250% over the past five years.
If you’re asking me whether you should buy the fund, you shouldn’t. You shouldn’t ask me, I mean. I’m a chicken and the fund is rocket fuel. If you made a Venn diagram of everything Wood has…
