For Cathie Wood, It’s Not A $2-Billion Loss. It’s Tax Relief.

Cathie Wood pointed out one silver lining in her exchange-traded funds’ terrible run last year: the billions of dollars in losses will help offset future tax obligations on gains. ARK Investment Management’s founder and CEO told Bloomberg TV on Tuesday that she has over $2 billion in losses from selling stocks during the market crash. … Continue reading For Cathie Wood, It’s Not A $2-Billion Loss. It’s Tax Relief.