Cathie Wood Is Selling This Tech Stock, but Investors Shouldn't Miss the Bigger Picture

Noted investor Cathie Wood, the founder and CEO of Ark Investment Management, gained fame in 2020 thanks to her philosophy of investing in companies capable of disruptive innovation. All six of Ark's exchange-traded funds (ETFs) appreciated more than 100% during that year. The S&P 500, meanwhile, notched gains of just 16% in 2020.However, Wood's flagship fund, the Ark Innovation ETF (ARKK -2.83%), has lost 60% of its value since the beginning of 2021. What's more, Wood's fund has failed to recover substanti ...