Cathie Wood warned that Tesla would stick with Apple to capture the largest percentage of its sector’s profits, predicted that new technologies would reshape entire industries and explained what classic finance professionals don’t like about bitcoin and other cryptocurrencies, in a five-part RealVision interview. this week. .
The chief executive of Ark Invest also lamented the recent crackdown on Didi and other Chinese tech companies, argued that long-term generation investments can count for more than profit margins and begged staff to transfer jobs if their excellence is not recognised.
1. “I feel that I went to Earth to do this, that if I had retired at age 57 instead of starting ARK, I would not be a satisfied woman. I feel like I’m an envoy for anything I pretend to be. “
3. “We are about to see more adjustments than ever before. There’s going to be a super disintermediation and disruption. We see the energy sector, money services, any industry touching the internal combustion engine and its suppliers, everything that is physical in terms of being the point of contact for the consumer, the point of sale, in danger. “
4. “There is a massive inefficiency in the studies and investment in Tesla, so much so that our target value right now for our base situation is around $3,000. People think it’s a crazy number. Right now, inventory is closer to $700 We think the explanation for why there is such a large inefficiency in Tesla’s valuation is the short-term time horizon of analysts and bad analysts who are attached to it. “Wood warned that analysts don’t have the full perspective of Elon Musk’s blank. power company.
5. “Apple understood that a cellular phone was a PC long before Nokia, Ericsson and Motorola. He designed his own chip because Intel and Qualcomm were going with volume drives, and Apple wasn’t anywhere, right?Its own chip still has the highest percentage of profits in the cell phone market. Although its percentage has decreased, its price has increased. We think that’s what’s going to happen to Tesla.
6. “These are more effective cars. They delight the consumer. That’s how Apple won. That’s how Tesla will win. “- that the quality and functionality of Tesla’s cars will give it credit over its competitors.
8. “For us, execution means reaching operating margins to the decimal point. In fact, we care. At first, we need them to spend. Our execution revolves around the R
9. “The way China is behaving, very defensively, is anathema to the rest of the world, and not to the emotion of its own people. There’s a bit of suffocation here. Anyone who dreams of placing a unicorn with over a million users is going to have doubts, because the government is necessarily putting them under surveillance, you know?I don’t think you’re encouraging entrepreneurship in that way. “
10. “People of the old global classic of money services do not think of bitcoin and cryptocurrencies as the absent layer of the Internet. The Internet was never designed with commerce in mind. That’s what it is. “