The Rise and Fall of Wall Street’s Most
Controversial Investor
https://nymag.com/intelligencer/2022/05/the-rise-and-fall-of-cathie-wood.html
https://nymag.com/intelligencer/2022/05/the-rise-and-fall-of-cathie-wood.html
A piece from August 2021:
God, Money, YOLO: How Cathie Wood Found Her Flock
https://www.nytimes.com/2021/08/22/business/cathie-wood-ark-stocks.html
“She may also be a victim of her own success. Ark has far more money to invest than it did just 18 months ago, and spending it poses a challenge. The kind of technology stocks the company has traditionally favored are small and lightly traded, so big bets can move their prices sharply. Ark risks bidding the price up when it buys, then taking a big hit when it sells because such stocks often have few buyers.
https://www.nytimes.com/2021/08/22/business/cathie-wood-ark-stocks.html
“She may also be a victim of her own success. Ark has far more money to invest than it did just 18 months ago, and spending it poses a challenge. The kind of technology stocks the company has traditionally favored are small and lightly traded, so big bets can move their prices sharply. Ark risks bidding the price up when it buys, then taking a big hit when it sells because such stocks often have few buyers.