Fool me once...

[_V_]

He did so well with gold...

A lot of people get screwed with crazy gold investments.

Thankfully I'm 100% in DogeCoin now.

[BrilloPad]

Gordon Brown was the best chancellor - only 40% top rate tax, taper relief, dividends tax credit< no fooking tulipcoins.

He did so well with gold...

[AtW]

Gordon Brown was the best chancellor - only 40% top rate tax, taper relief, dividends tax credit< no fooking tulipcoins.

[courtg9000]

Unfortunately this was always on the cards.
This is the standard business/job plan.
All investment managers and professional pickers get bad runs. They all get caught on the wrong foot at some point. Its a fact of life like Night and day and the seasons.
I know professional pickers and fund managers who are worse at picking investments than I am at picking a winner at Royal Ascot (and that is bad!) that are still doing the rounds years later spouting the same crap.
The mistake they all make is overhyping themselves on a bull run to raise new money.
He is about as sorry as chancellors since Gordon Brown are about IR35!

[Hobosapien]

"I'm very sorry for what I did 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."

He's sorry you feel he did something wrong.

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.

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.

[BlasterBates]

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 Brexit

[BrilloPad]

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 question

All banks list their positions as if they were going to be held to maturity. Not as if they were going to be sold.

But creating a fake market is not right.

[AtW]

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 question

[BrilloPad]

"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.

[Scruff]

Neil Woodford says 'sorry' as he announces new investment fund Neil Woodford says ’sorry’ as he announces new investment fund - BBC News

What a smug, self-serving, mendacious, disingenuous, twunt of the highest order.

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.

[AtW]

[ladymuck]

No doubt there will be people buying in

[_V_]

Even Trump gets a 2nd chance.

[cojak]

Neil Woodford says 'sorry' as he announces new investment fund Neil Woodford says ’sorry’ as he announces new investment fund - BBC News