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Cathie Wood, An Investment Genius Or Con Artist?
169
Mar 06
To trust or not to trust? One financial analyst labeled Cathie Wood as "The world's best con artist" when her ARK investment fund plummeted by 70%, erasing $60 billion in value for ordinary American investors. Despite this loss, she continued to profit from her 0.75% fee arrangement, earning around $450 million. How did she do it?
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Introduction
To trust or not to trust? One financial analyst labeled Cathie Wood as "The world's best con artist" when her ARK investment fund plummeted by 70%, erasing $60 billion in value for ordinary American investors. Despite this loss, she continued to profit from her 0.75% fee arrangement, earning around $450 million. How did she do it?
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