One of the things I like best about Ark Invest’s Cathie Wood and her investment style is her embrace of disruptive technology. Companies that are at the forefront of changing how we do basic tasks or how we think about things make interesting investments because if they strike gold, the resulting returns can be huge. She built an entire exchange-traded fund (ETF) around the idea—the ARK Innovation ETF (ARKK), which holds U.S.-listed companies that are “focused on disruptive innovation.”
So it’s no surprise that Netflix (NFLX) is a stock that often moves in and out of Wood’s portfolios. The streaming company completely revolutionized how we watch television by first taking on Blockbuster and other brick-and-mortar video store rental businesses by offering DVD rental by mail. It then advanced to a streaming service so people can take in content any time they want and introduced convenient apps so you can watch on your TV, tablet, computer, or phone. It was one of the first that successfully offered critically acclaimed original programming and, more recently, has evolved into a place to watch live sports.
