The Dangers of Hero Worship in Investing
Max Kirouac - Feb 22, 2021
Cathie Wood of ARK Investment Management has been on an impressive hot streak. ARK’s ETFs are distinctly innovation-based, with separate funds investing in the likes of genomics, fintech, and autonomous technology. Its largest fund, the ARK Innovation ETF, has posted annual returns of over 36% since its inception in 2014. Explosive returns of over 150% in 2020 led Bloomberg to select Cathie Wood as its stock picker of the year...
