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Barron's Streetwise

Cathie Wood Says Ark Is the New Nasdaq

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 5 February 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

The stock-picker talks about her recent declines, why she's sticking with companies like Tesla, Zoom, and Spotify, and why her rivals are overloaded on the FAANGs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Here's something that will blow you away, heat pumps, the low carbon future of home heating,

0:07.8

and now is the perfect time to upgrade with a 7,500 pound government grind.

0:13.5

And if you get yours from British gas, we guarantee you will heat your home to your perfect

0:17.5

temperature, or your money back.

0:20.3

And what's more, we won't be beating on price, so it's British gas, heat pumps, exclusions

0:26.5

and conditions of life, government grind, subject to an eligibility.

0:32.6

We're doing things differently, and sometimes the innovators attract a lot of criticism

0:38.8

because we're disturbing the traditional world order.

0:47.2

Hello and welcome to the Baron Streetwise Podcast, I'm Jack Howe.

0:52.0

The voice you just heard is Kathy Wood.

0:55.3

She's the founder and CEO of Arc Invest, whose big bets on high flyers like Tesla, Bitcoin

1:02.0

and Spotify produced astonishing returns for years, followed by a plunge in value over

1:08.8

the past year.

1:10.2

In a moment, we'll talk with Kathy about whether the recent downturn has changed any of

1:15.0

her thinking on individual holdings or her overall approach.

1:19.4

We'll also hear from the creator of an ETF that bets against Kathy and from an MIT professor

1:26.0

and money manager who specializes in trend following.

1:31.4

Talking about financial trends, not country music, hip hop crossover or winter crocs with

1:37.5

a fur lining on them.

1:42.9

Listening in, trendy as ever, our audio producer Jackson, hi Jackson.

1:47.9

Hi Jack.

1:48.9

Feet staying warm in those winter crocs.

...

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