Free Republic

What is Wright’s Law? Pioneered by Theodore Wright in 1936, Wright’s Law aims to provide a reliable framework for forecasting cost declines as a function of cumulative production. Specifically, it states that for every cumulative doubling of units produced, costs will fall by a constant percentage. Wright’s Law Formula Y = cumulative average time (or cost) per unit X = cumulative number of units produced a = time (or cost) required to produce 1st unit b = slope of the function What is the difference between Wright’s Law and Moore’s Law?Moore’s Law – named after Gordon Moore for his work...

The October inflation print gave investors a reason to cheer, given its implications for the Federal Reserve’s monetary policy. Ark Invest founder Cathie Wood took to Twitter Saturday to offer her take on the inflation outlook. A Serious Policy Mistake: Inflation is unwinding, Wood said. If her deduction is true, the economy could be heading back to the future with the “Roaring Twenties,” the last time several general-purpose technologies, namely the telephone, electricity, and the internal combustion engine, evolved at the same time, she said, adding the setup is remarkably similar. Prior to the Roaring Twenties, there was World War...

NEW YORK—An economic slowdown in China could ripple through the global economy and weigh on commodity prices and growth, star stock picker Cathie Wood of ARK Invest warned in a webinar on Tuesday.Wood, whose flagship $19.7 billion Ark Innovation fund was the top-performing U.S. equity fund in 2020, said that China’s recent steps to crack down on sectors ranging from gaming to education to financial firms are increasing the likelihood of a policy mistake that leads to a sharp slowdown.“I really do think that the policy makers in China are beginning to play with fire,” she said, adding “We will...

Ark Investment Management is known for its huge bet on the world's hottest electric-car maker. But that hasn't been enough to put Cathie Wood's funds at the top of environmental, social and governance standards.Her actively managed exchange-traded funds ranked below average in a recent study by Jefferies' analysts Steven DeSanctis and Eric Lockenvitz. That's even as Wood's flagship $24 billion Ark Innovation ETF has more than tripled in the past year -- boosted by its investments in Tesla Inc. Elon Musk's company is ARKK's biggest holding and currently comprises 10.5% of the fund, according to data compiled by Bloomberg."Wood is...