Woodford's flagship fund failure: why investors need to look themselves in the mirror

Investors 'failed to equip themselves'

Why is it that whenever a brash, buccaneering behemoth from the investment world falls from grace, all the subsequent blame is concentrated on the individual in question?

Sure, for any fund that sees its assets more than halve in the space of two years, the person responsible for managing the money has to eat a large slice of humble pie. 2019: An appalling year for Woodford Even the most irate of investors, and there have been many over the past month, would have to admit that Neil Woodford has eaten his fair share. But the truth is that the closure of Woodford's investment firm shouldn't just be focused on the man himself, investors also need to shoulder some of the responsibility. Woodford's Equity Income fund, as we now know, ploughed money in...