On the first day of 10X Growth Con 2023, Grant Cardone sat down with globally-renowned investor, Cathie Wood. For decades, she has dominated in a male-dominated industry while continuing to take risks and win. This is how she does it…
At the publication of this article, Cathie Wood’s ARK Invest has over $60 billion in assets under management.
You don’t get to that level of success without paying attention and using what you learned to do things right…
In this spirit, here are some of the powerful insights from Cathie Wood during the fireside conversation with Grant Cardone at 10X Growth Con 2023.
Mentorship Is Crucial for a 10X Foundation
One of the first questions Grant asked Cathie was how she became successful in an industry where women were not typically involved.
Wood attributed mentorship to her success and encouraged young people interested in finance to do the same.
“I HAD MANY INCREDIBLE MENTORS… LOOK FOR MENTORS THAT WILL ALLOW YOU TO GROW.”
For context, the investing juggernaut began her career in finance in the late 1970s. That’s over 40 years of experience!
Naturally, that fact prompted GC’s next inquiry…
How do you do due diligence and make investments in a constantly changing world?
“Innovation solves problems.” – Cathie Wood at 10X Growth Con 2023
Because Cathie Wood has paid attention to the market, she knows that it works in cycles…
For that reason, Cathie does her due diligence with the following criteria in mind:
- Cost reduction
- Problem-solving potential with a focus on the future
This is in stark contrast to the focus of other firms’ attachments to what was profitable in the past…
“Many investors ‘hug’ old benchmarks. That’s not investing in my world.” Cathie Wood explained on the first day of 10X Growth Con 2023. “At ARK Invest, we focus on how the world is going to work — not how it has worked until now.”
Here’s to 10X Success — Today, Tomorrow, and Beyond
Ultimately, Cathie Wood is a trailblazing woman in the field of investing and finance. She got to where she is having confidence in herself, the courage to go against traditional practices, and keeping her sights on the future.
In fact, one of the last pieces of advice Cathie shared was this:
“KEEP YOUR EYES ON THE PRIZE. TRADE AROUND OPPORTUNITIES.”
Whatever your prize is, chase after it and be great.
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