Att ARKs analys av Tesla inte är perfekt kan nog de flesta hålla med om här. Men trots att ARK inte har rätt i alla detaljer så följer jag dem nära och investerar på liknande sätt. Att identifiera innovation som skapar nya marknader och investera i ledande bolag har gett bra avkastning hittils iaf
Elon Musk ställde en fråga till Cathie Wood på ARK inatt. Alltid intressant.
“What do you think of the unusually high ratio of S&P market cap to GDP?”
“GDP statistics evolved during the Industrial Age and do not seem to be keeping up with the digital age. Thanks to productivity, real GDP growth probably is higher and inflation lower than reported, suggesting that the quality of earnings has increased significantly.”
“After gestating for 20-30 years, the dream has turned into reality, but given the reactions to @ARKInvest’s research, many investors seem skeptical or reticent. This wall of worry is healthy: I would prefer to invest in the face of fear rather than exuberance!”
“One more thought: @ARKInvest believes that the massive amount of disruptive innovation and good deflation evolving today is causing creative destruction and bad deflation elsewhere.”
“Companies that did not innovate and instead leveraged up to buy back stock and distribute dividends to satisfy short-term oriented shareholders, including private equity, will pay a steep price. They will have to cut prices to move aging inventory and service debt. Bad deflation.”
“Investors need to get and stay on the right side of change.”