Woodford Concerns

IanManc

cogito wrote: »

Bummer embarrasses himself with this article.

:eek: :rotfl:

I'd hoped you would all enjoy the article.

I tend to keep my expectations low when I read financial journalism in the Mail and I'm rarely disappointed.

And at least it's kept Bowl amused for a few minutes.

cogito

IanManc wrote: »

:eek: :rotfl:

I'd hoped you would all enjoy the article.

I tend to keep my expectations low when I read financial journalism in the Mail and I'm rarely disappointed.

And at least it's kept Bowl amused for a few minutes.

Ha! I didn’t intend to type that.

gadgetmind

People used to use Bolton as a good example of why passive investment was a bad idea, then Woodford became the shining example of why active was best. I wonder which rising star will be the active "sure fire bet" next? I certainly can't tell who, nor when they'll revert to mean, so I think I'll stick with 95% passives.

cogito

The issue I have with passives is that you get a lot of great businesses but you also get a lot of rubbish. I don't want to invest in banks, oil, extraction industries, cyclicals or emerging markets but they are hard to avoid with passives. OTOH, I can pretty much pick and choose with actives.

talexuser

gadgetmind wrote: »

I wonder which rising star will be the active "sure fire bet" next?

Obviously Nick Train or Terry Smith, you've seen the posts here, decided to invest and looked at some graphs and these look much better than others etc etc. (thinks.... I've got both! :eek:)

A_T

talexuser wrote: »

This guy appears to agree.
https://www.uknewsdesk.com/alex-brummer-woodford-investors-should-have-better-understood-what-they-were-buying-into/

So it's all Kent Council's fault for trying to withdraw their money from the plummeting fund thereby spoiling it for everyone else. Shame they weren't shrewdies like Brummer - patiently waiting for Woodford to turn the corner.

Aminatidi

talexuser wrote: »

Obviously Nick Train or Terry Smith, you've seen the posts here, decided to invest and looked at some graphs and these look much better than others etc etc. (thinks.... I've got both! :eek:)

I take some comfort in that the stocks and style employed by Train and Smith are becoming fairly common.

I'd like to think, in a perverse way, that if anything happens where I'm thinking "!!!!!! Nick or Terry?!" that it would be wider ranging in impact than those two managers.

Rollinghome

IanManc wrote: »

Alex Brummer had penned a highly readable defenestration of Mr Woodford in the Daily Mail today:
https://www.thisismoney.co.uk/debate/article-7165405/ALEX-BRUMMER-Like-Neil-Woodford-investors-feel-utterly-betrayed.html
Enjoy!

Yes, an extraordinary admission, whether true or not, from the 'City Editor' of a national daily. Presumably when Jupiter dropped Woodford's funds in Oct 2017 and Aviva a month later, that didn't suggest to him that all wasn't well and worth a look.

There's plenty of blame to go round and a good dollop should fall on lazy journos like him who most of the time, like others at Trustnet, Citywire etc, trot out what is often no more than sales pitches from fund managers under the guise of objective jounalism. The public who pay for their wages deserve better, more honest journalism.

eskbanker

Rollinghome wrote: »

There's plenty of blame to go round and a good dollop should fall on lazy journos like him who most of the time, like others at Trustnet, Citywire etc, trot out what is often no more than sales pitches from fund managers under the guise of objective jounalism. The public who pay for their wages deserve better, more honest journalism.

Anyone expecting better objective and more honest journalism only has themselves to blame if they choose to read the Daily Mail instead....

seacaitch

Aminatidi wrote: »

I take some comfort in that the stocks and style employed by Train and Smith are becoming fairly common.

Generally speaking, if invested in a style or theme that's "working" then ideally you want it to be off as many other people's investment radars as possible. The more widely appreciated and invested in by the masses that a theme/style becomes then the closer you are to its days of outperformance ending.

When it comes to my own investments, the less I hear other people talking about them the happier I am, and the more that others talk about them with enthusiasm the more nervous I become.