Billionaire investors Dan Loeb and Cliff Asness tear into Cathie Wood after the Ark chief defends her valuation methods

Dec 22 2022 by Business Insider

 
Cathie Wood.

Brendan McDermid/Reuters

Ark Invest's Cathie Wood touted disruptive businesses and defended her valuation methods. Billionaire investors Dan Loeb and Cliff Asness ridiculed her comments on Twitter. Ark's holdings have plunged as Inflation, interest-rate hikes, and recession fears spook markets.

Ark Invest's Cathie Wood defended her aggressive approach to valuing disruptive businesses, and took aim at some more staid companies and their shareholders, in a commentary this month. Two...

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