Cathie Wood

The MagSix, some of them will do well.

Some are facing headwinds.

Apples in the AI space are well-documented.

And now we think it is truly disruptive innovation's time to shine in the market.

I feel as though a rubber band has been stretching for the last four years, and it let go with the election of Donald Trump.

That's when truly disruptive innovation started to

to shine and the stock market started to broaden out from the very concentrated max six strategies into much more widespread disruptive innovation.

In other words, risk appetite and time horizon is starting to extend here.

And I think the tax package, especially the corporate tax cuts, which most people haven't focused on,

full depreciation of structures first year they're put in service, full expensing of equipment, R&D domestic and software in year one.

These are huge, huge incentives to invest now.

And I think that's exactly what's going to happen.

And you can see the difference here, the truly disruptive innovation we would expect.

Now we did this chart at the end of last year, during the next five years to deliver a compound annual rate of return of roughly 50%.

Now we've had some of that.

So maybe it's 40 to 45% compound annual rate of change.

And this is in the public equity world.

In the private world, just wait until you see.

With that, disclosures, of course.

They know the disclosures.