By Robert Ross
I’m sure all of you have heard of ARK Invest founder, CEO, and CIO Catherine Wood.
She is a crowd favorite at Mauldin Economics’ annual Strategic Investment Conference. (Mark your calendar for May 5‒14, 2021, and stay tuned to your email for details about this year’s virtual event.)
Catherine is also one of the world’s greatest investors. Her flagship fund, the
ARK Innovation ETF (ARKK), was the best-performing actively managed ETF in the world last year.
Two things make this fund unique…
First, you won’t find many actively run ETFs like this in the market, especially one with a triple-digit gain like the 148% ARKK returned in 2020.
Stock Market Party
- Clarence Darrow (1857-1938), American lawyer
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The end of 2020 has me looking back. I started writing the letters that later became
Thoughts from the Frontline back in the late 1990s. Similar to COVID-19 today, we had a giant macro issue then, too: Y2K. It’s hard to believe now how frightened some people were. But as I expected, the big day came and the world didn’t end.
Another similarity is the stock market was rising like a rocket. This newfangled “Internet thing had people super-excited, and rightly so. It was a world-changing paradigm shift. Unfortunately, some of the stocks born in that incredible boom weren’t world-changing paradigms at all. The market party ended, just as this one will, but went on far longer than almost anyone (including me) expected.
Clarence Darrow (1857-1938), American lawyer
The end of 2020 has me looking back. I started writing the letters that later became
Thoughts from the Frontline back in the late 1990s. Similar to COVID-19 today, we had a giant macro issue then, too: Y2K. It’s hard to believe now how frightened some people were. But as I expected, the big day came and the world didn’t end.
Another similarity is the stock market was rising like a rocket. This newfangled “Internet” thing had people super-excited, and rightly so. It was a world-changing paradigm shift. Unfortunately, some of the stocks born in that incredible boom weren’t world-changing paradigms at all. The market party ended, just as this one will, but went on far longer than almost anyone (including me) expected.