https://youtu.be/cmva2-jIlR4?t=580thenextguy wrote: ↑Fri May 07, 2021 1:22 pmWell, she's the Chief Investment Officer of Ark Invest, so I imagine she gets the final say. If you watch her in interviews you get the sense she's pretty hands on.euphonious wrote: ↑Fri May 07, 2021 12:26 pmDoes anyone know how much of an active role Woods actually plays in the investment decisions at ARK? Does she make investment choices, or simply sign off on the ones her analysts make? Or maybe she just lets them all do their own thing?Thesaints wrote: ↑Fri May 07, 2021 11:26 amThe similarity is not in the fraud elements. It is in the apparent lack of reasons why she should succeed so spectacularly and dubious qualifications. All we read is that she is a devout Christian and a mom and Laffer was her mentor at some point. Holmes was scared of needles, conveyed a Steve Jobs look & feel, and the likes of Kissinger and George Shultz supported her.SlowMovingInvestor wrote: ↑Fri May 07, 2021 7:22 amThis is unfair. Holmes seems to have indulged in outright fraud, even if she is acquitted.
I don't think Ms. Wood is some sort of investment genius, but she seems very sincere. And even if she were not, it's no different from the puffery that active fund managers indulge in routinely. Not comparable to Holmes.
Or you could say she's just a conduit for someone else who makes the decisions...?
I guess some investors do put a lot of faith in the fund manager.