ARK Innovation‘s Cathie Wood developed something of a cult following several years ago after her funds delivered eye-popping returns that had investors hanging on her every move. Her performance has been uneven lately, soaring during bull markets, but struggling amid economic uncertainty.
Still, Wood is respected for her unwavering long-term vision, unafraid to place massive bets on companies she sees as future winners. However, Monday’s $33.5 million purchase of Robinhood Markets (HOOD) has investors wondering if they should buy, too.
This post originally appeared at Money Morning.