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Benzinga
Benzinga
Business
Rachit Vats

'Massive Misallocation' Of Capital: Cathie Wood Joins Elon Musk To Find Fault With Passive Investment

Popular stock picker Cathie Wood, who runs Ark Investment Management, on Wednesday joined Tesla Inc (NASDAQ: TSLA) CEO and billionaire entrepreneur Elon Musk to criticize passive funds and investments.

What Happened: Wood expressed her concerns about passive investments and said she believes history will view the accelerated shift toward passive funds during the last two decades as a massive misallocation of capital.

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