You’d hope this headline might be the nail in the proverbial for so-called star fund managers. Odey is a hedge fund manager who made (and sometimes lost) £ms by making big investment bets. Such as supporting Brexit, knowing that it would make both the £ and shares crash. We now know that Woodford’s success was based on similar bets on small companies’ shares which, when the going got tough, couldn’t be sold for love nor money. Most decent advisers avoided both. Problem is, in our internet world of cheap, DIY investing, many who can’t afford the risks were and will be tempted by a manager’s fame and the promise of fortune.
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
