Neil Woodford

JohnRo

Thrugelmir wrote: »

To match Warren Buffet in his heyday you'd of needed access to sizable amounts of cheap funds to play with.

Don't you mean inside information and access to the halls of power?

sabretoothtigger

A crystal ball and a voodoo doll are his secret weapons no doubt. Also insurance premiums, apparently thats where he got the funds though the money could be needed at any point for claims.

le_loup wrote: »

Whilst I have jumped ship, he made an annualised 10% for me over 11 years. That's whilst taking the income.
Bit better than the Post Office Savings Bank.

I had a PO savings book and it paid an annualised 10% ! Those days will come back I reckon but not before -10% pa

atush

le_loup wrote: »

Whilst I have jumped ship, he made an annualised 10% for me over 11 years. That's whilst taking the income.
Bit better than the Post Office Savings Bank.

I agree, he has made me money over the last decade or so.

Might be worth looking at his new smaller fund now he can do what he wants again.

Certainly would be worth a small punt.

talexuser

A_Flock_Of_Sheep wrote: »

I have also ... unicorn uk income

.....snap!

A_Flock_Of_Sheep

talexuser wrote: »

.....snap!

There has been a slight rumour that it might get soft closed. I have just £5,000 invested in that and £3,200 in small companies dividend trust SDV.

I did have EDIN as a Woodford holding but now I have decided not to follow star managers. I have Vanguard Life a Strategy too.

M.R.W.

talexuser wrote: »

Where have people jumped to? For interest only...

I haven't felt the need to jump - Woodford's departure might be unexpected but certainly isn't sudden - he's going to be at Invesco until April next year. His main replacements Mark Barnett and Ciaran Mallon have worked with and under Woodford for a long time and have hopefully 'learnt from the best'. Whether I'm right or not, only time will tell...

talexuser

M.R.W. wrote: »

I haven't felt the need to jump

I'm still in HI and waiting till next year to see developments. Both Barnett and Mallon have reasonable reputations. Barnett better than Woodford over the short term, but that is probably just the difference of small companies outperforming compared to a supertanker like HI. I don't see a reason to panic. Woodford may have reckoned his reputation was going to suffer because the funds were just too big to stay at the top, or he may just want a change from routine. The recent withdrawals might possibly make it easier for a successor to rebalance and continue good performance? We shall see but unless there is some disaster you should give a good manager 6 months or a year to prove his contrarian position if things start to drift. All those who switched income ship in the few years HI drooped lost out compared to those who stayed the course I would venture.

IronWolf

Thrugelmir wrote: »

You'll get close but rarely emulate.

To match Warren Buffet in his heyday you'd of needed access to sizable amounts of cheap funds to play with.

eh? It would have been pretty easy to emulate, he had a closed ended partnership and didn't use any borrowings.

TCA

M.R.W. wrote: »

I haven't felt the need to jump - Woodford's departure might be unexpected but certainly isn't sudden - he's going to be at Invesco until April next year. His main replacements Mark Barnett and Ciaran Mallon have worked with and under Woodford for a long time and have hopefully 'learnt from the best'.

I agree, and jumped in as opposed to out. EDIN is now 6% up since I bought in last month. Wish my others investments were all doing as well. I don't expect the Woodford element to impact greatly come April but we shall see.

Thrugelmir

JohnRo wrote: »

Don't you mean inside information and access to the halls of power?

Buffet's core business has always been insurance.

So used other peoples money to accumulate the core holdings and enable him to maintain a hold strategy.