Ark Founder Cathie Wood Places A $3 Trillion Valuation On Tesla

Like Elaine Garzarelli, Peter Lynch, Bill Miller, Henry Blodget, Mary Meeker or the guys from the Big Short in cycles before, Wood has become the public face of this market’s moment, personifying the crazy gains in crypto, fintech, cloud computing and biotech stocks.

Meet Ark founder Cathie Wood, the latest stock market technology valuation queen.

Cathie Wood is the New Face of the Market.

Like Elaine Garzarelli, Peter Lynch, Bill Miller, Henry Blodget, Mary Meeker or the guys from the Big Short in cycles before, Wood has become the public face of this market’s moment, personifying the crazy gains in crypto, fintech, cloud computing and biotech stocks.

ARK is known for its ETFs (or exchange traded funds), the most famous being a “disruptive innovation” ETF (ticker ARKK), which has run circles around the stock market averages, up 152% last year and over 45% every year on average over the past five years. Early last month, Bloomberg reported that “Ark’s exchange-traded fund assets under management crossed $50 billion this week, up from only $3.6 billion at this time last year.

Institutional Investor, the Wall Street Journal’s Jason Zweig and Morningstar, which notes that ARK last year grew much faster than any fund company in history,

Wood posts essays here and on ARK’s website (which sells ARK merch.) She has 717,000 followers on Twitter. On YouTube her videos get a million views.

All of that, plus the performance of her ETFs have won her the hearts (and wallets) of hordes of, well, fans. She’s been called “Aunt Cathie,” “Cathie Bae" and “tendie goddess” on Reddit’s Wall Street Bets. A Korean newspaper reports her nickname is “Money Tree.” 

Jesus Calling 

“I decided to name my company after the Ark of the Covenant, because as I was going through that very difficult period starting in ‘06, where the market, nothing made sense to me, I started reading the One-Year Bible, after I would read the passage for the day, I would then just open it up randomly and say, “God, speak to me. Just show me what to do. Show me Your will. Show me Your way.”

Here is her Jesus Calling Podcast.

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