Vote to see vote counts
Cathie Wood shares her price target for Tesla, which is $2,600, based on the convergence of robotics, energy storage, and AI. She believes that Elon Musk's focus on humanoid robots and robo-taxis will drive this growth, although their current model doesn't fully account for the potential impact of humanoid robots.
Cathie Wood discusses how her investment strategy differs during bear and bull markets. In bear markets, they concentrate their portfolios based on a scoring system that evaluates management, execution, barriers to entry, product leadership, valuation, and thesis risk. In bull markets, they diversify as IPOs become more frequent.
Cathie Wood argues that the current system, where only a small percentage of people are accredited investors, is akin to saying you can't drive because you don't make enough money. She advocates for a simple accreditation test to democratize investment opportunities.
Cathie Wood predicts that inflation will surprise significantly on the low side of expectations due to the productivity uplift from technological convergence, particularly in robotics, energy storage, and AI.
Cathie Wood suggests that retail investors should 'average in' every month, a strategy she has recommended to her children, to protect and grow their investments over time.
Rick Marini shares a perspective on investing: 'When I asked Naval Ravikant how big Bitcoin could get, he said a million dollars before we die. His ability to look decades ahead is remarkable.'
Cathie Wood predicts that truly disruptive innovation could see a 40 to 45 percent compound annual rate of change in the public equity world. She suggests that the private world might experience even more significant changes.
Cathie Wood explains that from 2019 to 2024, the Mag 6 tripled in valuation while truly disruptive innovation only increased by 30%. This was due to investors playing it safe by investing in large, cash-rich stocks. However, she believes that the time for truly disruptive innovation to shine is now, as risk appetite and time horizons are extending.
Cathie Wood praises Elon Musk's compensation structure, which is milestone-based and physics-driven. She believes it's a huge motivating factor and wishes more CEOs would adopt similar models, as it incentivizes reaching ambitious goals.
The ability to send a billion dollars from the U.S. to Beijing in 10 minutes for just $3 via Bitcoin illustrates the challenges of regulating cryptocurrency.