Is Cathie Wood crazy or a genius? – A Finance professor’s take

Cathie Wood from ARKK investing is being hit pretty hard with accusations that she has invested too heavily in overpriced assets. I thought I’d chime in and give an assessment to those who are wondering if Cathie Wood is smart or crazy.

Cathie Wood, the star fund manager and chief executive of ARK Invest, took to CNBC to defend the woeful performance of the manager’s suite of disruptive innovation funds.

Wood told the business network in a Thursday interview that the gravitation of money managers toward benchmarks, rather than taking risk on what she views as potentially game-changing technology in gene editing, electric vehicles and artificial intelligence, among others, was creating a “massive misallocation of capital” in markets that could be the biggest in “the history of mankind.”

“Benchmarks are where they are because of past successes…If we are right, those are the companies that will be disrupted,” she said on CNBC.

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