Neil Woodford says 'sorry' as he announces new investment fund Neil Woodford says ’sorry’ as he announces new investment fund - BBC News
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"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
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Even Trump gets a 2nd chance.
First Law of Contracting: Only the strong survive -
No doubt there will be people buying in
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What a smug, self-serving, mendacious, disingenuous, twunt of the highest order.Originally posted by cojak View Post
He has proved that he has been the ultimate failure towards his (greedy) investors. Anyone who backs his next income stream will be just as fooled, again.
Hubris knows no order.I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).Comment
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"Mr Woodford told the Telegraph his new investment firm, called Woodford Capital Management Partners, would be based in Jersey and would only raise money from professionals."
Sounds about right. The issue before was he was in longer term investments. The public are too short term.Comment
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It’s not like they got unlucky with bad investment - based on reporting i’ve read they listed some shares on a noddy “stock exchange” just to be able to satisfy legal requirements of having “liquid shares” (ie listed so supposedly sellable).
How are they all not in jail already? Rhetorical questionComment
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All banks list their positions as if they were going to be held to maturity. Not as if they were going to be sold.Originally posted by AtW View Post
But creating a fake market is not right.Comment
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Neil Woodford, the investment fund chief who has stopped savers from withdrawing their own cash
He has an expensive lifestyle.
Looks like he got wrong footed.
Mr Woodford was positioned for a post-Brexit recovery and, while his logic about the UK economy may be sound, we have not got a resolution to BrexitLast edited by BlasterBates; 14 February 2021, 13:33.I'm alright JackComment
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"I'm very sorry for what I did wrong."He's sorry you feel he did something wrong."I didn't make the decision to suspend the fund, I didn't make the decision to liquidate the fund.
"As history will now show, those decisions were incredibly damaging to investors, and they were not mine."
Like a gambler wanting the game to go on 'just a bit longer' so he can win his money back. He of course knew how 2020 would go back in 2019.He also accused the company's administrator, Link Fund Solutions, of shutting down Woodford Equity Income Fund too soon. Many of the shares it had bought were in drugmakers whose fortunes have improved during the pandemic.
Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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