BlockBeats News, March 15th, Cathie Wood, CEO of asset management company ARK Invest, also known as “WoodSis,” stated in an interview with CNBC, “I lived through the tech and telecom bubble in the early part of my career, and it was so different then from what it is now. There was almost no fear in the market at that time. But now, the market is full of extreme fear. Of course, there are some legitimate reasons for this fear. However, I think that when we look back by the end of this year, the market will likely be described as ‘climbing a wall of worry.’ Now, with the addition of geopolitical factors, this ‘wall of worry’ has only grown.”
But this is actually a good time to buy volatile stocks. In our investment philosophy, volatility does not equate to risk; it represents more uncertainty. We are in the midst of a new technological revolution. ARK will make investments by studying how these technologies will expand and who will emerge as leaders. I think we are in a very good position. The opportunities are huge. We are in the midst of a technological revolution, and AI has not yet entered a hype cycle. We believe there is still a long way to go in this revolution.”
