I asked Cathie Wood the question no one else will
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Episode 760: Shaan Puri ( https://x.com/ShaanVP ) talks to Cathie Wood ( https://x.com/CathieDWood ) about her fund’s performance, her biggest bets on AI, and the most misunderstood stock on earth.
—
Show Notes:
(0:00) McDonald’s to Managing Billions
(8:54) A day in the life of Cathie Wood
(17:29) ARK’s Performance Review
(30:00) Cathie’s #1 stock pick
—
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My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
Cathie Wood on How AI Can Double GDP, Bull Case for Bitcoin $1M, Elon's Trillion-Dollar Pay Package
(0:00) Introducing Cathie Wood
(0:47) Cathie Wood on AI's once in a lifetime opportunity: doubling GDP, deflation, and more
(9:23) Cathie's bull case for Bitcoin $1M
(11:38) Opening up access to innovation for retail
(14:32) Cathie explains Ark's strategies for bull and bear markets
(16:01) Thoughts on Elon's trillion-dollar pay package
Thanks to our partners for making this happen!
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Follow Cathie Wood:
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Intro Music Credit:
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Inside Cathie Wood’s Trillion-Dollar Bets: AI, Musk, Robots & Crypto
Cathie Wood is placing some of the boldest bets in investing history, spanning AI, robotaxis, brain chips, crypto, and even space. In this episode of Bankless, the ARK Invest CEO joins Chief Futurist Brett Winton to break down her five highest-conviction technologies - opportunities she believes could unlock over $20 trillion in enterprise value.
You’ll hear why Elon Musk’s empire is at the center of it all, how Tesla’s robotaxis could become the biggest AI project on Earth, and why Neuralink, Starship, and stablecoins are converging to spark a new era of productivity and exponential growth.
This isn’t just tech optimism - it’s Cathie Wood’s vision for the future of innovation.
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TIMESTAMPS
0:00 Intro
5:05 Elon Musk and the Data Flywheel
11:57 The Power of Wright’s Law
19:27 Forecasting AI’s Trillion-Dollar Impact
23:35 Why ARK Owns xAI, OpenAI, and Anthropic
29:04 Google and Apple’s AI Blindspots
35:52 Why X Merged with xAI
44:15 Robotaxis: The Biggest AI Project on Earth
52:02 Robo GDP: AI’s Real-World Economic Boost
55:31 Tesla’s Scaling Advantage
1:01:27 The Humanoid Opportunity
1:10:42 Neuralink: AI, Enhanced
1:15:34 Starlink & SpaceX: The $2.5T Bet
1:22:01 Crypto’s Stablecoin Supercycle
1:33:18 Macro & Trump’s Strategy
---
RESOURCES
Cathie Wood
https://x.com/CathieDWood
Brett Winton
https://x.com/wintonARK
Ark’s SpaceX Report
https://www.ark-invest.com/articles/valuation-models/ark-expected-value-spacex-2030
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
World's No.1 Investing Expert: The Big Shift Is Coming And This Investment Could Be 15x in 5 Years! - Cathie Wood
What if everything you thought you knew about investing is about to change forever? Cathie Wood reveals the best investments to make in 2025 to get rich fast.
Cathie Wood is one of the world’s most influential investors, and the founder and CEO of ARK Invest. She oversees nearly $30 billion in assets under management and is renowned for her bold predictions and investment strategies in technology-driven industries.
She explains:
How there’s only 5 years until everything changes, and what you must do to prepare.
Why she’s betting on Bitcoin hitting $1.5 million by 2030.
The simple strategy that will skyrocket your passive income.
How Tesla’s autonomous taxis and humanoid robots will reshape entire industries.
The number one company that could make you financially free in 5 years.
The information in this episode is for educational purposes only and should not be considered financial advice. Always do your own research or speak to a licensed financial advisor before making any investment decisions.
00:00 Intro
02:28 Investing in the Most Disruptive Industries
05:45 Big Companies Will Crash If They Don’t Adapt Quickly
06:21 Where to Invest to Be Rich in the Next 10 Years
09:04 The Biggest Employer in the World
10:12 Flying Cars and EV Tools Will Shape the Future
11:00 Investing in AI Companies in the Health Care Industry
12:59 Why Tesla Will 10x in the Next 5 Years
15:25 Your Autonomous Car Will Make You Money
18:42 How Humanoid Robots Will Free Our Time
21:41 No Code Will Be Written by Humans
25:37 The Companies That Will Make Money in the AI Era
30:06 Will Unemployment Be Higher in 5 Years?
37:21 Meeting Elon Musk
40:49 Investing in Bitcoin at the Very Start
43:49 How Much of Your Portfolio Is Bitcoin?
46:17 Bitcoin Mining
50:46 Why Invest in Coinbase
55:08 Top 10 Public Investments People Should Consider
58:02 Ads
59:47 Where Would You Invest $1,000?
01:01:59 Investing in Other Cryptocurrencies Apart From Bitcoin
01:03:29 How to Invest in Stablecoins
01:03:59 The Mentality of a Good Investor
01:07:05 Trump’s Tariffs
01:11:50 What Keeps You Up at Night in the Current Situation
01:16:59 How to Hire in the Era of AI
01:25:40 Advice to Young People
01:30:32 Gratitude Letter From Cathie’s Mentor
01:37:02 If Elon Dies, Will It Impact the Progress of Human Evolution?
Follow Cathie:
Cathie’s Instagram - https://bit.ly/3ZhEOKt
Ark Invest Instagram - https://bit.ly/4ksY93T
LinkedIn - https://bit.ly/3ZQcsHg
ARK Invest Website - https://bit.ly/4kMQgWD
ARK Invest YouTube - https://bit.ly/4kqpl32
You can find out more about ARK Invest’s ‘Big Ideas 2025’ report, here: https://bit.ly/3Hr60jK
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Cathie Wood on What Comes Next in AI and Big Tech
Markets have been selling off, with shares of tech companies like Nvidia down almost 20% so far this year. But even before the recent selloff, DeepSeek rattled the AI market and sparked questions over how US platforms will compete and actually monetize their technology. Despite all these hurdles, some investors remain tech optimists. Cathie Wood, the founder, CEO and chief investment officer of ARK Investment Management, is one of the most prominent, with ARK's Innovation Fund heavily invested in companies like Tesla, Coinbase and Roku. In this conversation, recorded live on stage at Bloomberg Invest, we discuss Cathie's view of potential opportunities in the space, and why she's expecting the Trump administration to create a Reagan Era-esque "golden age" for investors.
Read More:
Cathie Wood Sees Trump Era as ‘Golden Age’ for Wall Street
Cathie Wood May Have Lost $14 Billion. But She’s Interesting
Odd Lots is coming to Washington, DC on March 12! Get your tickets for our Jones Act debate here.
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Bitcoin's Path to $1.5M by 2030 | Cathie Wood & Ophelia Snyder
In today's interview, Cathie Wood from ARK Invest and Ophelia Snyder from 21 Shares join Jason to discuss the journey from monetary shock to an innovation-led economic boom. They dive into the importance of wirehouses for crypto adoption, the demand outlook for Bitcoin and Ethereum ETFs, and the likelihood of seeing ETFs for alt coins in the near future. Kathy shares her views on the misallocation of capital post the 2008 financial crisis and why volatility is part of the price paid for exposure to the new asset class of crypto. Ophelia provides insights into running crypto ETFs and the regulatory landscape around getting them approved. Stay tuned for all of this and much more!
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- -
Timestamps
(00:00) Intro
(02:13) Monetary Shock to Economic Boom
(14:21) Asset Managers & Crypto Adoption
(23:12) Explaining Crypto
(33:16) Wormhole Ad
(34:41) Monad Ad
(35:41) Shardeum Ad
(36:36) Supra Ad
(37:33) Importance of Wirehouses
(47:54) ETH & Alt Coin ETF Demand
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
202 - The Year of the Crypto ETF with Cathie Wood
Cathie wood and Ophelia Snyder join us today, their two companies are at the top of the list for ETF approvals slated for early next year.
Is trad-fi excited? Are we underestimating the scale of this? Will Ethereum ever get an ETF? All these answered and more.
------
✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-cathie-wood
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-------
TIMESTAMPS
00:00 Start 07:13 Joint Product Partnership 15:21 ETP vs ETF 20:25 Existing Products 33:13 How Much Interest Is There? 39:01 Portfolio Allocation and Risk 42:55 What Makes an ETF So Special 48:28 The Value Of Custody 53:27 How Many ETFs Can Get Approved? 58:07 Ethereum ETF in 2024 01:02:17 Did We Get A Fed Pivot? 01:04:10 Outlook For 2024
------ RESOURCES
Cathie Wood https://twitter.com/CathieDWood
Ophelia Snyder https://twitter.com/OpheliaBSnyder
------ Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures
Why AI will spark exponential economic growth | Cathie Wood
Investor Cathie Wood explores this unique moment in technology, which she sees as being marked by the simultaneous evolution of five pivotal innovation platforms — a scenario unparalleled in history. Exploring the role of AI in reshaping economic paradigms, she predicts a surge in global GDP growth and productivity, underscoring the need for businesses and investors to adapt in order to keep up.
Hosted on Acast. See acast.com/privacy for more information.
20VC: ARK Invest's Cathie Wood on Why ARK Has Not Had More Outflows Despite Performance, How the Global Tech Equities Market Will Go From $7Trn to $210Trn in 8-10 Years, The Future for Facebook and How Elon Musk and Jack Dorsey Could Create the Biggest Di
Cathie Wood is the CEO & CIO @ ARK Invest, focusing solely on disruptive innovation, primarily in the public equity markets. ARK has become renowned for opening up its research and becoming a 'sharing economy' company in the asset management space. Prior to ARK, Cathie spent twelve years at AllianceBernstein as CIO of Global Thematic Strategies where she managed over $5 billion. Cathie joined Alliance Capital from Tupelo Capital Management, a hedge fund she co-founded, which managed $800 million in global thematic strategies. Prior to Tupelo Capital, she worked for 18 years with Jennison Associates LLC as Chief Economist, Portfolio Manager and Director.
In Today's Episode with Cathie Wood We Discuss:
1.) Entry into Hedge Funds at 20:
How did Cathie get her first role in the world of finance at the tender age of 20?
What is Cathie running from? What is Cathie running towards?
What are some of Cathie's biggest lessons from seeing the dot com bust at Tupelo?
What does Cathie know now that she wishes she had known when she started investing?
2.) Why Benchmarks and Passive Investing are Bad:
Why does Cathie believe that benchmarks and indexes have become dangerous for consumers?
Why does Cathie not believe what everyone else does regarding inflation?
How much of the performance of large-cap tech stocks is tied to the growth of passive investing?
Why does Cathie think the Fed is making a huge mistake?
3.) Time to Pick Companies:
Why does Cathie believe that Facebook is emerging as an attractive value stock?
How does Cathie believe Elon Musk and Jack Dorsey could build the largest universal wallet?
If Cathie were to put all her money into one of their companies, what would it be?
Why does Cathie believe Zoom is one of the most misunderstood companies?
4.) Why Venture: Why Now:
Why did Cathie decide to do a venture fund with ARK now?
Why did Cathie decide to do a no-carry structure with a higher management fee? How does that align incentives with investors?
In venture, the asset chooses the capital, how does Cathie analyze why the best founders in the world will pick and work with ARK over other amazing VCs?
What is the single biggest risk you are underwriting when investing in ARK's venture fund?
Items Mentioned in Today's Episode:
Cathie's Favourite Book: The Emperor of All Maladies: A Biography of Cancer
82 - Investing in the Future | Cathie Wood, Chris Burniske, Yassine Elmandjra
Cathie Wood is Founder, CEO and CIO of Ark Invest, the investment management firm specializing in disruptive sectors. Yassine Elmandjra is an analyst at Ark, and Chris Burniske is the former blockchain lead at Ark and is now a partner at Placeholder VC. We’re incredibly excited to bring Cathie on the podcast for her industry-leading insights and perspective on the innovative investing space.
The thesis is simple: invest in the future. As a society, we are entering a new age of exponential and unprecedented growth, afforded by compounding technological advancements and a turning point of innovation. Ark Invest is poised to capitalize on these opportunities and has eyed cryptoassets as an important vehicle for this substantial, societal change. Dive in and learn about Wright’s Law, managing haters, Ark’s thoughts on the triple point asset, and DeFi.
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------
Topics Covered:
0:00 Intro 7:42 Cathie, Chris, and Yassine 12:00 Investing in the Future 17:57 Wright’s Law & Retail 22:02 Fear of Change 28:17 Ark and Bitcoin 38:19 Ether and Ethereum 47:12 NFTs 49:28 Triple Point Asset 55:55 Yield, Banks, and Regulation 1:03:24 ETH’s Risk Free Rate 1:06:35 Fintech & DeFi Mullet 1:16:50 DeFi and AI 1:26:07 Regulatory Limits 1:33:53 Crypto’s Challenges 1:41:46 Closing & Disclaimers
------ Resources:
Cathie on Twitter https://twitter.com/CathieDWood?s=20 Chris On Twitter https://twitter.com/cburniske?s=20 Yassine on Twitter https://twitter.com/yassineARK?s=20 Episode with Chris https://newsletter.banklesshq.com/p/-ethereum-opportunity-chris-burniske Cryptoassets https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Why Bitcoin Now: Bitcoin Under a Biden Administration - Ep.198
In this episode, Dan Tapiero, founder of 10T Holdings and Gold Bullion International, and Cathie Wood, CEO and CIO at ARK Invest, discuss the long election week in the U.S. and how they believe Bitcoin will behave in a post-election world. They also talk about:
how a changeover from a Trump to a Biden administration could affect Bitcoin
how the prospect of legal challenges from the Trump administration might affect Bitcoin
whether they think the presidential election influenced Bitcoin’s precipitous price jump in the first week of November
what it takes to change the mind of a Bitcoin skeptic in the investment world
whether gold investors are becoming more resistant or more embracing of Bitcoin
whether Democratic control of the Senate would affect Bitcoin
how they expect the new wave of rising coronavirus cases and lockdowns to affect economies and Bitcoin
the new inflation policy introduced by Federal Reserve chairman Jerome Powell and how it will affect Bitcoin
the recent Bitcoin halving and how they expect Bitcoin to perform over the next year
how banking will change over the next few years and how that will affect Bitcoin
their thoughts on central bank digital currencies and how an increase in CBDCs might affect Bitcoin
what factors they are looking at right now when thinking about what could happen with Bitcoin over the next year
Thank you to our sponsor!
Crypto.com: https://www.crypto.com
Episode links:
Cathie Wood: https://twitter.com/cathiedwood
Ark Invest: https://ark-invest.com/
Yassine Elmandjra: https://twitter.com/yassineARK
Dan Tapiero: https://twitter.com/DTAPCAP
10T Holdings: https://10tfund.com/
Gold Bullion International: https://bullioninternational.com/
Unchained with Brian Brooks: https://unchainedpodcast.com/acting-comptroller-of-the-currency-brian-brooks-on-crypto-banks/
Jerome Powell speech on targeting inflation of 2%: https://www.cnbc.com/2020/08/27/powell-announces-new-fed-approach-to-inflation-that-could-keep-rates-lower-for-longer.html
Bitcoin-gold correlation: https://coinmetrics.io/correlation-charts/#assets=btc-gld
Bitcoin-S&P 500 correlation: https://coinmetrics.io/correlation-charts/#assets=btc-s&p
Forbes profile on Cathie Wood: https://www.forbes.com/sites/antoinegara/2020/10/05/how-cathie-wood-beat-wall-street-by-betting-tesla-is-worth-more-than-1-trillion/?sh=12d44f813d45
ARK Invest Bitcoin white papers: https://ark-invest.com/white-papers/bitcoin-part-one/
https://ark-invest.com/white-papers/bitcoin-part-two/
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Why Nothing Is More Viral Than a Store of Value - Ep.168
Cathie Wood, CEO and CIO of ARK Invest, and Yassine Elmandjra, ARK's thematic analyst, discuss their investment strategy with disruptive innovation, and how blockchain technology, especially Bitcoin, plays a major role in it. They explain why the unique market circumstances due to the coronavirus have led to more correlation between crypto and the traditional financial markets, but also why, in the long-term, it will ultimately be uncorrelated. We cover why they think crypto in the age of COVID-19 will see new opportunity, and when there will be a recovery of the larger economy. They also share, from an investor standpoint, their growing conviction in Bitcoin due to its long-term value proposition compared to other chains like Ethereum. Plus, we talk about the future outlook for central bank digital currencies, and how Libra will launch, albeit differently, than expected.
Thank you to our sponsors!
Crypto.com: https://crypto.com/
Kraken: https://www.kraken.com
Episode links:
Cathie Wood: https://twitter.com/cathiedwood?lang=en
Yassine Elmandjra: https://twitter.com/yassineARK
Yahoo Finance interview on ARK’s big ideas for 2020: https://finance.yahoo.com/video/cathie-wood-talks-ark-invests-222723696.html
Keynote on State of Digital Assets at Volt Capital summit: https://www.youtube.com/watch?time_continue=2729&v=c50TMCKsktA&feature=emb_logo
ARK’s Q&A video conference on COVID-19: https://ark-invest.com/research/bis2020?utm_campaign=BIS%202020&utm_medium=email&_hsenc=p2ANqtz--kCZDJ0VuIxNViHjN7KR7qOryEusndZqMfNp7JMkD4AIZJCv8otUtZm8YgPdmVYTZb3ylv4ysbxt8fRIUvngkRLcyvIw&_hsmi=85729999&utm_source=hs_email&utm_content=85729999&hsCtaTracking=14ee7e75-5bf4-46f8-8c8c-f5aeb84b32a7%7C5f5d3a43-f10e-4792-92de-96ef495eb5c6
Feature on Cathie Wood: https://www.bloomberg.com/opinion/articles/2020-02-18/cathie-wood-s-tesla-bet-puts-ark-invest-in-spotlight
Her views on Zcash: https://www.theblockcrypto.com/post/12660/cathie-wood-on-the-block-the-crypto-revolution-is-coming-jump-on-or-get-out-of-the-way
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Cathie Wood – Investing in Innovation - [Invest Like the Best, EP.97]
My guest this week is Cathie Wood, the founder of ARK invest. Cathie and her team believe that disruptive innovation is the key to long-term growth and, therefore, alpha in the public markets.
Because their style of investing is entirely contingent on what will happen and change in the future, it is about as different a style as exists from the quantitative approach to investing, which relies on what is currently knowable about stocks and businesses.
The future is notoriously hard to predict, so I am always interested to hear about investing approaches which try to model or handicap the future and build portfolios against that work.
In this conversation, we explore all the most interesting and exciting technology trends at play in the world today—and how those trends may play out for investors. We discuss genome sequencing, blockchain, software 2.0, mobility as a service, automation, and more.
We also discuss Cathie’s take on building a bridge between the worlds of finance and Silicon Valley, and why starting with a benchmark is anathema to their process.
It is hard to deny Cathie’s passion and enthusiasm, and I credit her for building a unique firm culture that emphasizes openness and collaboration. Please enjoy our conversation on investing in innovation.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
2:30 - (First Question) – Cathie’s idea of bringing open source to Wall Street
4:47 – Deep dive into the platform
6:09 – White Paper on Bitcoin – Could Bitoin serve as the role of money
7:43 – Why disruptive innovation is so inefficiently priced
10:04 – How well does the market discount cash flow of disruptive businesses
14:09 – A look at their investing strategies, starting with top-down.
16:10 – How they picked their 5 categories of technological change, starting with foundational
19:42 – Changes in energy
21:53 – Robotics
24:17 – Excitement over deep learning
28:03 – How they express their top-down ideas from the bottom up
36:06 – Mobility as a service as a key area of focus
45:25 – The power of public mistakes
46:39 – What she looks for when hiring
51:14 – her philosophy on building and maintain a portfolio
56:38 – Behind the growth of the company
1:04:01 – Most exciting area for her right now
1:07:52 – Kindest thing anyone has done for Cathie
Learn More
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