Cathie Wood

Returning more than 170% last year, now has $17 billion under management.

My conviction is so high because of what I do on a day-to-day basis.

We are doing original research, trying to figure out these companies that are going to transform the world.

well greetings I'm so delighted to be here my maiden voyage and I am here to talk about how the world's going to transform during the next five to ten years and how much more rapidly we will see real GDP grow

and how low inflation is going to be and why.

So here we go.

Here is a timeline of innovation.

And you can see it goes into the 1700s.

And our chief futurist, Brett Winton, in conjunction with academics, pulled this together.

And what you're seeing here

is the impact of innovation on productivity.

And you can see in this time we've had two great eras.

The first one was in the late 1800s, early 1900s.

Telephone, electricity, internal combustion engine.

Huge boost in GDP growth.

And in fact, prior to that, for the 400 years prior to that, real GDP growth had been averaging about 0.6% per year.

Very slow.

After that, we went into a 125-year period of 3% real GDP growth.

So a five-fold increase from 0.6 to 3%.

You have to move forward to today to see multiple innovation platforms evolving at the same time.