Cathie Wood: The Problem is Deflation, not Inflation

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The Street

By Dan Weil Consumer prices jumped 8.2% in the 12 months through September, and the Federal Reserve is raising interest rates. Famed investor Cathie Wood, chief executive of Ark Investment Management, reiterated her view Nov. 8 that deflation is the big economic concern, not inflation. She noted in a webinar that her kind of investing, which she calls “innovation strategy” is hurting. That’s because with inflation and interest rates soaring, “investors’ time horizons have shortened dramatically,” she said. “And that has damaged long duration strategies” like hers. Companies in the innovation t…

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