Warren Buffett closes in on Cathie Wood as tech stocks tumble

Cathie Wood’s flagship Ark fund is on the cusp of being overtaken by Warren Buffett’s Berkshire Hathaway in the post-pandemic performance table, reflecting a dramatic shift in fortunes between the two prominent investors.

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Berkshire Hathaway’s shares have continued to climb steadily, narrowing the performance gap between Warren Buffett’s investment conglomerate and the Ark Innovation ETF since the start of 2020 to just 8 percentage points.
Berkshire Hathaway’s shares have continued to climb steadily, narrowing the performance gap between Warren Buffett’s investment conglomerate and the Ark Innovation ETF since the start of 2020 to just 8 percentage points. (Foto: Houston Cofield/Bloomberg)