Reported 12 months ago
Cathie Wood, known for actively trading big-name stocks, recently sold $4.3 million worth of Nvidia shares. Despite receiving criticism for her sales, Wood has supporters who view her as a technology visionary and detractors who see her as a mediocre money manager. While she had a remarkable 153% return in 2020, her longer-term performance has been less impressive, with her flagship Ark Innovation ETF underperforming compared to the S&P 500. Wood's investment strategy focuses on high-tech categories such as AI, robotics, and DNA sequencing, leading to a volatile portfolio. Morningstar has been critical of her firm's lack of forecasting talent. Despite some customers agreeing with the criticism, Wood remains confident in her investments and plans to explore new opportunities beyond Nvidia.
Source: YAHOO