Cathie Wood believes that Tesla can take a quarter of the car industry market
Summary: The CEO and founder of Ark Invest Cathie Wood joined Saxo Group for a talk with CIO Steen Jakobsen and Head of Equities, Peter Garnry, about her BIG IDEAS and the future of disruptive technology.
What is star-investor Cathie Wood investment philosophy for her disruptive technology investment fund Ark Invest? How does she think the world will look like in 30 years? Why is genomics one of the most interesting sectors to invest in, in the long run? What’s her opinion about the Chinese tech stock market, electric vehicles and bitcoin? All of that, you can get answers to in the recorded session below, where Wood is joined by Saxo Group’s CIO Steen Jakobsen and Head of Equities, Peter Garnry, to talk about her BIG IDEAS.
Highlights from the session includes Wood stating that we see five truly transformative innovation platforms evolving at the same time, which is a situation that’s bound to change the way we live. The closest to this was in the early 1900’s where telephones, electricity and automobiles together changed lives. The five platforms today are DNA sequencing, robotics, energy storage, artificial intelligence and blockchain technology.
On the back bone of this development, Wood believes that genome companies’ stocks are the most underpriced stocks out there, but in a sector, which will take time to develop. She also states that the technology that stands to make a more dramatic and sooner impact is autonomous taxis as she believes that markets are underappreciating the need to reduce accidents, as regulators’ want to save lives.
When looking at some of the more popular investment instruments, Ark Invest has a positive view on Tesla and believes that the company can gain a much larger proportion of the car industry than previously, going from believing that the company will sell a quarter all electric vehicle in five years, to sell a quarter of the entire car industry at that point in time. Wood calls Bitcoin the first global private, rules-based, monetary system, the world has ever known and calls it the first truly new asset class to invest in since the 1600s. She further notes that Bitcoin has immense growth potential on the back of, among other things, its growth potential in emerging markets.
To get more details on what the innovative stock-picker Cathie Wood says, check out the video above.Explore equities at Saxo
Outrageous Predictions 2023: The War Economy
- The constantly growing global need for energy drives the world's richest to huddle up and launch a R&D project in a size the world hasn't seen since the Manhattan Project gave the US the first atomic bomb.
French President Macron resignsThe political stalemate in France and the rise of Marie Le Pen following the 2022 elections corners President Macron, forcing him to give up on politics and resign from his position. At least for now.
Gold rockets to USD 3,000 as central banks fail on inflation mandateAs markets and central banks realise that the idea that inflation is transitory is wrong, and that prices will remain higher for longer, gold is sent through the roof, hitting a price tag of USD 3,000
EU Army forces EU down path to full unionWith continued challenges in the region and a US military that isn't aggressively enacting its former role as global policeman, the European Union agrees to create its own armed forces, bringing the whole region closer.
A country agrees to ban all meat production by 2030In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
UK holds UnBrexit referendumFollowing a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
Widespread price controls are introduced to cap official inflationHistory tells us that with the war economy comes rationing and price controls. And this time is no different, as policymakers introduce strict price controls that lead to a range of unintended consequences.
OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve assetSanctions against Russia have caused widespread turmoil due to US Dollar moves in countries across the globe that don't consider the US an ally. To relieve themselves from this, they leave the IMF and create a new reserve asset.
USDJPY fixed to the USD at 200 as Japan overhauls financial systemFollowing the challenges that faced the Japanese Yen in 2022, the Bank of Japan attempts to keep the currency from sliding. Unsuccessful on the long-term, Japan will launch a reset of its entire financial system.
Tax haven ban kills private equityWith the war economy comes an increased focus on national interests and sovereign nations' ability to assert themselves. In that regard, the OECD countries turn their attention on tax havens and pull the big guns out, banning them altogether.