The Looming Collapse of Cathie Wood and Ark Invest

The mutual fund world has had its share of rock stars.

The 1980s had Fidelity’s Peter Lynch.

The 1990s had Legg Mason’s Bill Miller.

And the 2000s had Capital Growth Management’s Ken Heebner.

But over the past decade, few, if any, active managers have beaten the market with any consistency.

The rise of index funds and exchange-traded funds (ETFs) sounded the…