TECH - Is Cathie Wood The Next Warren Buffett? Apple Tesla Define Their Investment Strategies | Benzinga
With a track record of 60-plus years of strong returns for investors, Warren Buffett, who turns 93 Wednesday, is considered one of the all-time legendary investors.
While many strive to emulate Buffett, and some have even been dubbed the "next Buffett," meeting the lofty standards set by the Oracle of Omaha is no small feat.
One name that could stand out as the next Buffett is Cathie Wood, the founder and CEO of Ark Invest.
Don't miss Benzinga's one-on-one interview with Wood, airing at 2 p.m. ET Wednesday, Aug. 30 on "The Raz Report."
What Happened: Over the years, names such as Bill Ackman, Eddie Lampert, Chamath Palihapitiya and even disgraced FTX co-founder Sam Bankman-Fried have all been called the "next Buffett."
Although no one has yet managed to fill those sizable shoes, Wood could be on track to become the Buffett of her generation, particularly if her high-stakes investment areas yield significant returns.
Ark Invest provides a range of ETFs focusing on various specialized investment sectors, with its flagship fund, the Ark Innovation ETF (NYSE: ARKK), showcasing the firm's most strongest trading convictions.
The other ETFs include the Ark Next Generation Internet ETF (NYSE: ARKW), Ark Genomic Revolution ETF (BATS: ARKG), Ark Autonomous Technology & Robotics ETF (BATS: ARKQ), Ark Fintech Innovation ETF (NYSE: ARKF) and the Ark Space Exploration & Innovation ETF (BATS: ARKX).
A visit to Ark's website reveals that the firm positions itself as the hub for ETFs centered on disruptive innovation.
"Ark aims to deliver long-term capital appreciation by investing in the leaders, enablers, and beneficiaries of disruptive innovation,” the Ark website states.
The investment themes that Ark funds focus on include artificial intelligence, space exploration, electric vehicles, genomics, sports betting, digital payments, cryptocurrency, digital consumers and 3D printing.
Related Link: Cathie Wood Channels Warren Buffett With Year-End Investing Message
Wood, Buffett's Differences, Similarities: While Wood could become the next Buffett, their investment approaches are notably distinct.
Buffett liked value stocks for years and continues to invest in many blue-chip, ...