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In no way was I claiming it was easy to call dotcoms and financials (or tulips) right, nor did I mean to detract from Woodford's record.

I've been critical too, but I've also always been of a similar mind about MF's commercial imperative.

I'm a private investor for very similar reasons to yours. I feel being squeezed for 2% fees is too high a price to pay for the scant comfort being able to blame someone else.

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