Cathie Wood's frenetic trading style propelled ARK Invest's assets under management from $5 billion in 2018 to $60 billion by 2021. However, this aggressive approach resulted in volatility, with ARKK experiencing a 67% drop in 2022, producing a mere 2.1% cumulative return over five years compared to the S&P 500's 100% gain. Despite these challenges, Wood remains a prominent figure on Wall Street, recently investing in companies like Airbnb, Illumina, and Shopify, signaling optimism for long-term growth opportunities in the tech sector as travel rebounded.
Her frenetic trading style catapulted ARK's assets from $5 billion in 2018 to $60 billion by 2021, but volatility led to a 67% plummet in 2022.
Despite a challenging year, Wood's ability to spot long-term trends keeps her a Wall Street icon, with her recent tech investments showing confidence in recovery.
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