Alec Hogg: Magda Wierzycka’s 4IR v Cathie Wood’s ARK?

After hearing my idea that Magda Wierzycka's 4IR ETF was the ideal home for tax free savings, BizNews Premium member Neels Viljoen offered to bet me $500 on Cathie Wood's ARK Fund doing better. He stipulated a five-year term. And suggested the loser pay the $500 into a charity of my choice..Read also: Alec Hogg: R15bn knock for investors in SA "Greensill" called Barak.Sorry Neels, I was cured of gambling many years ago when going into the breeding side of the horse game. But given how her fame has reached our shores, the note did sharpen my interest in Ms Wood, Wall Street's new darling. So I researched her background. What emerged is worth re-telling..Cathie is a devout Christian who starts each day with a Bible reading. She relies on her faith always and especially during challenging times. Quoted in the FT, Ms Wood says she's doing God's work: "It's all about allocating capital to God's creation in the most innovative and creative way possible.".___STEADY_PAYWALL___.Read also: Alec Hogg: Following Magda into her booming 4IR fund.Before you use this to write off the 65-year-old superstar fund manager as a religious kook, it's worth noting Cathie's reliance on a Higher Power isn't unique. The great investor Sir John Templeton, for instance, would pray before every investment decision. Divine Guidance has goes a long way. Including when you're buying shares..PS Delivery of this newsletter will be interrupted for the rest of the week as I'm helping out at the inaugural BizNews Investment conference. Normal service resumes next Monday.PPS Another superb edition of the BizNews Digest, our interactive PDF, has just been published. Here's the download link: https://bit.ly/3vlrp3d.And for your listening and viewing pleasure….Latest audio on BizNews Radio… (click on the link to access).BPH: Festive Friday with Piet Viljoen, Paul O'Sullivan and Carrie AdamsFB: South Africa's own Greensill implodes; Tencent troubles Carrie's Corner: Celebrating wine with Dan NicollExploring the 'Berg by mountain bike with Champagne Sports resort 'Fractional investing the future' – EasyEquities CEO Charles Savage.Latest videos on BizNews TV….Business confidence slides; Transnet cans contracts; SoftBank in deeper trouble with GreensillState capture for dummies – its origin and effect in a nutshell

Alec Hogg: Magda Wierzycka’s 4IR v Cathie Wood’s ARK?

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