Cathie Wood

mobility to get here, really.

We were talking about it at the founding of ARC in 2014.

But it is here, and part of the reason is robotics, energy storage, and

AI have developed enough, have evolved enough so that their costs are low enough so that we're ready for prime time.

I'm going to give you an example of how ridiculous in the tech and telecom bubble it was.

It included biotech and there was this dream of personalized medicine back then.

Why?

Because we were close to sequencing

the first whole human genome.

Back then, it cost $2.7 billion to sequence one person's genome.

Today, it costs $100.

Think about that, right?

So from $2.7 billion to $100 billion.

We are ready for primetime.

The technologies are ready, and the costs are low enough.

So this is where we're going to learn a lot.

I think investing, the pendulum shift is going to move back to longer term time horizons.

What many analysts are struggling with right now is the short term time horizon they have.

You know, I want my profits now, I want my dividends now, my share repurchases now.

And unfortunately, it is going to take some time, partly because of the supply chain issues.