Ark Investment – Cathie Wood’s Team

Ark Investment, founded by Cathie Wood, its main fund, known for holding Tesla, returned 81%.  Interestingly, none of its analysts has finance background!

Instead, their previous careers include cancer researcher, artificial intelligence expert, gaming engineer — even sailboat captain.

The 27-person team, 25% people of colour, 30% woman and most in their 20s.

If we all came from a financial background, we would inevitability have views that are much more similar and more aligned with the current price expectations set by the market.

Wood is known for her bullish car in Tesla, her current price target for the stock is $7,000 by 2024.  After Tesla plunged 21% earlier this month, Wood boosted ARKK’s Tesla position to 10.7% from 9.9%, as she still thinks Tesla will see “surprising growth.”

Unlike other fund managers who closely guard their tactics, Wood’s strategies are all available on Ark’s website, along with articles, podcasts, videos, white papers and newsletters.

Reference

Bloomberg, 2020-09-26, “Secret Sauce Behind Ark’s Success is Cathie Wood’s Diverse Team”