Cathie Wood, the secret of a woman managing billions
Cathie Wood is a famous American investor, entrepreneur, founder and CEO of the largest investment company ARK Invest.
Cathie Wood has become one of the most prominent figures in the investing world for her inspiring vision and successful investing strategies.
She believed in new technologies and this belief helped her earn billions of dollars in a growing market.
Katherine was born in 1955 in California, USA, into a family of immigrants from Ireland. Her parents raised the girl to be purposeful and diligent, and this greatly helped her achieve success.
After graduating from school, the future investor entered one of the rather prestigious educational institutions - the University of Southern California, from which she graduated with honors in 1981 with a bachelor's degree in finance and economics.
Here she gained experience in asset management and developing investment strategies, and also accumulated good capital.
Katherine perfectly combined her work as an economist with her responsibilities as a mother, and during her 18 years of work at Jennison Associates, she gave birth to three children.
Cathie Wood and her investment fund
After the children moved away and began to live separately in 2012, Katie had a lot of free time and the idea of creating her own investment fund, which would focus on innovative technologies.
The idea was realized in 2014, Cathie Wood founded the ARK Invest investment fund. ARK Invest focuses on research and investment in areas such as artificial intelligence, robotics, biotechnology, genetic engineering, energy, financial technology (fintech) and cryptocurrencies.
The fund's main capital was personal savings of $5 million and investors' money; raising additional funds was not difficult; over 30 years of financial career, Katherine has formed strong connections in the financial world.
Success was achieved thanks to an optimistic view of technological innovation and its potential to transform industries and society as a whole.
Cathie Wood and her company ARK Invest have received a number of awards and recognition for their work. Her strategic investments in companies such as Tesla, Square and Teladoc have shown impressive returns, drawing attention to her methodology and approach to investing.
In less than ten years of existence, the capital of the ARK Invest investment fund has grown from 5 million to 60 billion dollars.
And 2020 was a record year for profit; during this year the fund earned 152% profit. True, the pandemic had a rather severe impact on the profitability of ARK Invest and in subsequent years there was a sharp drop in profitability.
With her innovative research and successful investments, Cathie Wood has become an influential figure in the world of finance and investing.
She continues to develop and expand ARK Invest, focusing on identifying new opportunities in the rapidly changing technology landscape and the impact they will have on the global economy.
Many people, speaking about Katherine, are amazed at how a woman at 58 years old managed to create such a prosperous company and manage billions of dollars.
But they forget that even before creating ARK Invest, Cathie Wood was far from a poor person with good connections. In addition, she had experience managing an investment portfolio at the Alliance Bernstein hedge fund amounting to $5 billion.
Therefore, there is no special secret about Cathie Wood; this woman achieved everything thanks to her character, hard work and intelligence. And the idea of investing in high technology came to her mind because she had previously been studying the prospects of the IT market.