Cathie Wood: a tech investor doing God’s work

Cathie Wood: a tech investor doing God’s work

Earlier this week, and for no obvious reason, Cathie Wood’s $23bn flagship Ark investment innovation fund rose 10 per cent in a day. On Wall Street that kind of bounce is usually a warning sign of frothy markets, especially given Ark’s recent price falls. Not for Wood. “Buy the dip,” is a catchphrase.

Wood is the public face of a speculative tech boom many liken to the dot.com boom and bust of the early 2000s. The success of Tesla and other technology stocks that Ark owns has, together with massive investor inflows,…

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