We Study Billionaires - The Investor’s Podcast Network TIP483: Down But Not Out w/ Cathie Wood
27 snips
Oct 14, 2022 
Cathie Wood, the CEO and CIO of ARK Invest, dives deep into the world of disruptive innovation. She shares insights on recent market turbulence and her belief in a potential deflationary surprise that could shift the Fed's strategy. Cathie discusses her recent decision to step down from managing two ETFs and offers an updated perspective on Bitcoin and its future. She also explores Tesla's AI Day and its implications for jobs, while introducing ARK's new venture fund aimed at supporting innovative investments. Don't miss these captivating insights!
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Thriving Under Pressure
- Cathie Wood believes ARK Invest thrives under pressure, highlighting their team's closeness amidst recent struggles.
- She attributes the struggles to the current market overemphasis on inflation and interest rates.
A Brewing Crisis
- Cathie Wood observes a potential financial crisis brewing, indicated by rising credit default swaps on strong US banks.
- She suggests the rapid interest rate increase from a low base has shocked the system.
Innovation Solves Problems
- Cathie Wood emphasizes that innovative companies solve problems, especially during challenging times.
- She believes current market conditions favor innovation due to various global issues.