Podcast: Investing in Disruptive Innovation With Cathie Wood

Strategic Investor Radio Charley WrightIn this episode of Strategic Investor Radio, host Charley Wright interviews Cathie Wood. Ms. Wood is the CEO and CIO of ARK Invest, which is headquartered in New York City. She has more than two decades worth of experience as an economist, equity research analyst, and portfolio manager. In 2014, Ms. Wood founded ARK Invest, which she says is focused on only one thing: Disruptive innovation.

cathie wood ceo cio ark invest
Cathie Wood, CEO and CIO of Ark Invest

Indeed, Ms. Wood says ARK Invest probably knows more about blockchain, bitcoin, ether, and ethereum than most buy-side institutions.

This makes sense given that the company’s five big themes are:

  • DNA sequencing
  • Next-generation Internet
  • Automation and artificial intelligence (“AI”)
  • Energy storage (she predicts the demise of the internal-combustion engine in the next 10-20 years)
  • Blockchain and bitcoin

ARK Invest manages exchange-graded funds that invest in these themes by holding equity securities that can range from mico-caps all the way up to a mega-cap stock like Amazon. Ms. Wood says she thinks Amazon, which is currently worth around $350 billion, is still an early-stage company and could one day be worth $1 trillion.

ARK Invest’s Active Innovation ETFs include:

And the firm’s Indexed Innovation ETFs include:

Ms. Wood says ARK Invest is also putting together a separately managed account (“SMA”) product that focuses on FinTech.

Ms. Wood says she believes autonomous vehicles will come a lot faster than most people think. The sharing economy and driverless cars will change what auto sales mean as an indicator of economic health, and she thinks they may have already peaked.

Ms. Wood has an optimistic outlook for economic growth. Even though she believes up to 40% of all jobs will be lost to automation and AI, she thinks the increased productivity will make better, higher-paying jobs will be available. She encourages people to educate themselves about where the opportunities will be, and to not fall for economic protectionism.

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