Celebrated maverick investor Cathie Wood is certainly a divisive figure when it comes to the capital markets. While Wood's outsized bets on companies with innovative and disruptive technologies have earned her a legion of enthusiastic followers, naysayers argue that her momentum-driven stock-picking strategy is too volatile.
Both camps just might have a point. While Wood's flagship fund - the ARK Innovation ETF (ARKK) - rallied remarkably in 2020, with a return of 153.2%, it could not sustain this performance after the pandemic. ARKK fell 23% in 2021, and gave up roughly two-thirds of its value in 2022.
