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Saturday, December 03, 2016 10:56:01 PM
I get that people think all kinds of silly things about investment funds, wall street and woodford. But many people assume things that just are not possible and then make a lot of other assumptions off of those flawed assumptions. While in this case, we've come to agree on this investment as something we support, still, if one makes such assumptions and invests on the basis of flawed assumptions of how things really work, then inevitably one will not be in a good place.
People should not really try so hard to figure out what is in woodford's mind or why he should have or should be doing something else. You have his actions, the few statements he made and the facts related to his funds and the legal regulations that guide his actions, some hard and fast, some more loose but often the most important because for him they involve reputational risk and much larger liabilities than making a wrong decision or allowing for some dilution in a relatively small part of his portfolio.
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