IP Objective: Catherine Duddy Wood Minimum Fund Raising Target: 5000 Maximum Fund Raising Target: 100 000 Stake Pool Start Date: 2021.11.26 18:00 Stake Pool End Time: 2021.12.03 19:00
Catherine Duddy Wood (born November 26, 1955) is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm. Wood was born in Los Angeles, the eldest child of immigrants from Ireland. Wood's father served in the Irish Army and the United States Air Force and became a successful radar system engineer who was very detail-oriented and pushed Catherine to discover connections between things. In 1974, Wood graduated from Notre Dame Academy in Los Angeles, an all-girls Catholic high school. In 1981, Wood graduated summa cum laude from the University of Southern California, with a Bachelor of Science degree in finance and economics. One of Wood's professors was economist Arthur Laffer, who became Wood's mentor. Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler. Wood is known for making bold predictions. Wood received considerable media attention in February 2018 after she stated on CNBC that she believed Tesla stock could reach a price of $4,000 in five years, a 1,100% increase from its price at the time, and reiterated the claim in May 2019 after its price had dropped 29%. While Wood's statement was widely ridiculed at the time, Tesla's price reached her target on a split-adjusted basis two years early in January 2021. In November 2020, she stated she believed bitcoin could reach a price of $500,000.