In a recent Yahoo Finance interview, Cathie Wood projected that Tesla’s stock will treble in four years, stated that Zoom may replace traditional corporations like Cisco in workplace communications, and commended Robinhood for drawing young people to investing.
The founder of Ark Invest and a well-known stock picker also addressed billionaire investor John Paulson’s recent condemnation of cryptocurrencies, dismissed fears about market bubbles, and reaffirmed her belief that a technology revolution is on the way.
Here are Wood’s 8 best quotes from the interview, lightly edited and condensed for clarity:
1. “Our Tesla base case is $3,000.” – Elon Musk’s electric-vehicle company, according to Wood, would treble its market capitalization to over $3 trillion by 2025, owing to its “quite significant” growth in worldwide market share over the last five years.
2. Inventive+ phrasing “Many people consider Zoom to be nothing more than a platform for video meetings. We believe it will begin to take a larger share of the technology communications stack. Zoom is on its path to displacing Cisco as a major player. It’s not only about video and stay-at-home jobs, or even hybrid jobs; it’s much more.”
3. If you’re looking for a “Robinhood has introduced a new generation to investing, planning for the future, and learning from their mistakes. Some have dabbled in options trading; it doesn’t take long to lose a lot of money, and you can learn rapidly. I believe Robinhood has provided a valuable service to the investment community.”
4. “During the mortgage crisis, John Paulson made an astonishing decision. We believe he is overlooking the fact that cryptocurrencies are much more than a store of value or digital gold. Bitcoin is a brand-new global monetary system that is entirely decentralized and immune to governments’ whims.”
5. “It will be beneficial if regulators can agree on what exactly these cryptocurrencies are and how to define them. For this ecology, certainty will be beneficial.”
6.”This is a relic of the baby-boom era. I experienced the baby-boom years as well as the stock market’s rise and fall. I believe we’ve arrived at the same conclusion.” – anticipating that the bull market will last another ten years.
7.”We’ve never had a time in history when five key innovation platforms, encompassing 14 separate technologies, were all advancing in “S” curves, feeding one another. We’re in the midst of an era of rapid innovation.”
8.”Do we live in a bubble? We’re the furthest thing from that. The average investor has no idea how exciting the next five to fifteen years will be, when these S curves feed off one another and reach exponential growth trajectories we’ve never seen before.”