Cathie Wood's tech-focused $ARK Innovation ETF(ARKK.US)$ gained more than 150% in 2020. How crazy! You could never find another fund generating similar returns in one year!
But to be honest, I really don't know if she's a good fund manager. ARKK lost about 4% in 2021 and Cathie Wood seems to have a hard time. However, Buffett's value investing fund $Berkshire Hathaway-A(BRK.A.US)$ gained 23% this year and has generated positive returns for 6 consecutive years.
I think Cathie Wood was just lucky enough to catch the tech ride, or $Tesla(TSLA.US)$'s ride, last year.
Warren Buffett vs. Cathie Wood, who's the true guru?
Are you a value investor like Buffett? Are you a tech lover like Cathie Wood?
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Hey moomooers,
Good evening. Here is the latest Market Recap for you.
Wall Street scaled new highs on Friday, with the S&P closing up for a seventh straight day, after jobs data for June showed robust hiring yet persistent weakness in the labor market that will keep the Federal Reserve from raising interest rates any time soon.
Stocks to watch: $Virgin Galactic(SPCE.US)$, $Astra Space(ASTR.US)$, $DiDi Global (Delisted)(DIDI.US)$