Woodford’s fall shows that investment genius rarely last

Woodford’s fall shows that investment genius rarely last

The fall of another another stock picking “genius”. Article notes failure of regulators and so called experts like Hargreaves which trumpeted his funds to the very end.

And by the way, Woodford’s prior employer settled a lawsuit related to exceeding risk limits in his funds. Didn’t matter to the regulators or the evangelists like Hargreaves who NEED to believe in order to justify their lofty fees.

Don’t worry about Mr Woodford. He took home about £40M pay last year.

#investing #riskgovernance #riskandcompliance

https://www.theguardian.com/business/nils-pratley-on-finance/2019/jun/04/woodford-fall-shows-that-investment-genius-rarely-last?CMP=Share_AndroidApp_Gmail

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