Amazon is set to potentially become the first ‘trillion dollar company’. Catherine Wood, CEO and CIO at New York-based ARK Investment Management (ARK), discusses how Amazon got to this point, and which companies have the potential to be true leaders of today’s main ‘innovation platforms’.
- Core to Amazon’s success from the start was the reinvestment of earnings back into the business. So look for businesses today that are following the same strategy.
- The five ‘innovation platforms’ are Genomic sequencing, robotics/automation, energy storage, next generation internet, and blockchain technology.
- Don’t be deterred by high valuations if they are elevated due to capital being aggressively directed back into the business.
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