Last week, we teamed up with ARK Invest (Mr Renato Leggi, client portfolio manager) for a webinar on why investing in innovation is still important despite the current inflationary environment. Rising interest rates have pressured tech and innovation stocks this year. Here’s a recap of our discussion with ARK: Are unprofitable high-growth companies a cause for worry? One of the questions raised during the webinar was the outlook for high-growth but unprofitable companies.  Renato clarified that not all unprofitable innovation companies are the same. Some choose to be unprofitable as they’re spending strategically in research and development (R&D), or making targeted acquisitions that give them a competitive advantage. Going back to his earlier Tesla example, he noted that Tesla wasn’t profitable at the start too. They invested heavily in electric vehicles (EVs) back when most people thought EVs were going to be a niche...