Cathie Wood’s bad spring is only a blip when the future is so magnificent

Unprofitable operator to runaway success. Her flagship fund ARKK, which had a dramatic breakout during the pandemic, is way off its peak as bold bets on Tesla and Bitcoin have faltered. But for Cathie Wood, the future is key. Ben Steverman, Annie Massa and Claire Ballentine explore the analytical and repetitive world of the star-stock picker.