Mega investor gives 2024 endorsement, says decision came down to single issue
SUMMARY
In a recent interview with financial analyst Kevin Paffrath, Ark Invest CEO Cathie Wood announced her intention to vote for former President Donald Trump over President Biden in the upcoming election based solely on economic considerations. Wood, known for her investment prowess, emphasized Trump's economic record during his first three years in office, which she and economist Art Laffer regard as exemplary before the COVID-19 pandemic. This informal endorsement adds to a growing trend among billionaires, including Stephen Schwarzman and John Paulson, who have thrown their support and financial backing behind Trump's 2024 presidential campaign.
