In 2021, this company’s CEO was criticized for her incredibly bullish prediction that Tesla was worth $3,000 a share. For 10 points each:
[10m] Name this investment company with a biblically-inspired name, which was founded by the evangelical Christian investor Cathie Wood. It manages ETFs with exposure to disruptive technologies.
ANSWER: ARK Invest [or ARK Investment Management LLC]
[10e] Early in 2021, Michael Burry opened a position against Tesla. Burry’s earlier bet against the housing market prior to the 2007-2008 recession was detailed in this Michael Lewis book adapted into a 2015 film by Adam McKay.
ANSWER: The Big Short
[10h] This other evangelical Christian investor provided the seed investment for ARK’s initial four ETFs. This investor was indicted for wire fraud in 2022 following the $30 billion collapse of his firm Archegos Capital.
ANSWER: Bill Hwang [or Sung Kook Hwang]
<Caleb Kendrick, Modern World>