(Bloomberg) -- After one of the most dramatic weeks yet for ARK Investment Management, Wall Street can no longer have any doubts: Cathie Wood is sticking with her strategy -- and investors are sticking with her.

One of the biggest drags that day was Coinbase Global Inc., the largest US cryptocurrency exchange, which tumbled 26% after disappointing results and amid a rout of digital assets. But while the rest of Wall Street was ditching the stock, Wood and her team stuck to their playbook and used the drop to increase holdings, adding about 860,000 shares in the week through Thursday.

In many eyes, it’s a system that risks loading up on losers. Hitched to a concentrated portfolio of often highly speculative bets, it leaves Wood and her firm with plenty of critics. But the clarity of the goal -- chasing companies that can win big from major technological shifts -- and ARK’s commitment to it has won some remarkably loyal fans.

https://finance.yahoo.com/news/cathie-wood-just-keeps-buying-170000015.html

  

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