When Cathie Wood and Warren Buffett BOTH Bet on the Same Stock (NU)
So I've been looking into Nu Holdings (NYSE: NU) lately and noticed something wild - both ARK Invest's Cathie Wood AND Berkshire Hathaway's Warren Buffett are invested in this company. Like, when do these two ever agree on anything??
For those who don't know, Nubank is basically the biggest neobank in Latin America. Started in Brazil, now expanding to Mexico and Colombia. They've got over 70M customers and are growing like crazy in a region where traditional banking sucks (high fees, bad service).
What I find fascinating is how this company somehow appeals to both Cathie's "disruptive innovation" thesis AND Buffett's value investing approach:
- Wood's angle: Fintech disruption, mobile-first approach, massive TAM in underbanked populations
- Buffett's angle: Strong moat, impressive unit economics, founder-led with clear vision
The stock's been pretty volatile since IPO (typical for growth stocks lately), but having these two completely different investing legends backing it makes me think there's something special here.
Anyone else keeping an eye on NU or invested in it? Would love to hear what y'all think about its prospects, especially considering how bearish the market's been on fintech lately.
TLDR: When both a growth-focused tech bull and a traditional value investor put money on the same company, maybe we should pay attention.