Here's How Cathie Wood (Almost) Completely Missed the Boat on Artificial Intelligence (AI) -- and the Simplest Way You Can Avoid Making the Same Mistake
Cathie Wood's ARK Invest rose to prominence during the 2020 and 2021 boom in unprofitable growth stocks and was helped along by a high concentration in (NASDAQ: TSLA) -- which soared a staggering 743% in 2020.
But over the last five years, all the major Ark exchange-traded funds (ETFs) have underperformed the S 500 and the Nasdaq Composite. Here's how Ark Invest lost its edge over the market, why the funds have largely missed the boat on artificial intelligence (AI), and how you can avoid making the same mistake.
Source Fool.com