Are investors suffering from a lack of investment opportunities? Some observers have declared that the role of the public equity market is in decline, based on increasing growth and activity in private markets. Jay Clayton, chair of the Securities and Exchange Commission, has also warned that shrinking public markets have reduced access to investment opportunities.
However, the best opportunities may be hiding in plain sight. Catherine D. Wood, CEO and chief investment officer of ARK Investment Management, expects disruptive innovation to propel existing companies to massive valuations. The biggest gains may come not from the ideas generated by hot new startups, but from the companies using those ideas to increase productivity and reduce costs. Read More