Cathie Wood's Ark Invest Has Built an $870 Million Tesla Position. Here's the Thesis Keeping Her In.
Wood continues to bet big on Tesla's disruptive potential.
Overview
While I don't mimic her investments, I really appreciate Cathie Wood and her vision at Ark Investment Management. Wood doesn't seem to get caught up in momentum and macroeconomics, and instead takes a contrarian approach to the stock market, with a special emphasis on high-growth tech stocks, fintech, and disruptive technology that, on the surface, seem speculative.
Her portfolio of stocks, held in a family of exchange-traded funds under the Ark umbrella and managed by Wood, is often acquired at bargain-basement prices and has potential for multibagger gains. A great example is Tesla (NASDAQ: TSLA), which is down 20% so far this year, including a huge 18% drop following its second-quarter earnings call.
Cathie Wood, CEO of Ark Investment Management. Image source: Getty Images.
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Source
Originally published at www.fool.com.