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For your information, you can find below the description of the video Everyone Is Going To Regret Betting Against Us | Cathie Wood published by the Youtube channel Only The SAVVY:
In an interview with Yahoo Finance!, CEO of Ark Invest Cathie Wood gave a bullish outlook for her portfolio, despite taking a beating in the past year. Cathie is confident that within her 5-year time horizon, many of her stock picks in the genomics space, artificial intelligence, and blockchain technology will be winners, as there is a huge opportunity in those markets with a ‘winner takes most’ outcome. When questioned about blockchain, Cathie didn’t hold back her opinion on disgraced former FTX CEO Sam Bankman-Fried’s gross negligence or outright fraud but shifted the conversation to what’s next. In Cathie’s view, the more important takeaway from the unfortunate FTX situation is transparency is a necessity in financial matters. The collapse of 2008 was filled with closed-door financials, where no one knew what was going on outside. The same situation has been repeated with the epic collapse of FTX. Cathie believes this will be a wake-up call for regulators, who deserve some blame for all of the people who have unfortunately lost billions of dollars.
Cathie Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm. Cathie Wood started the firm in 2014, after her idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein. The company is named after the Ark of the Covenant. In 2020, Wood was named the best stock picker of by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.
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