2462 days ago
My friend and former colleague the aristocrat Dru Edmonstone was - as widely reported - sentenced to 21 months last week for a £60,000 benefits fraud, something the pathetic wretch did to fund his spread betting addiction. I discuss this and ask does a case like that of Dru justify the current clampdown on spreadbetters. I think such a clampdown would not have stopped Dru for addicts will always find a way. I discuss the odd goings on at Saffron Energy (SRON) which hardly inspire confideence. But my main focus is on the revelation HERE by Cynical Bear that Neil Woodford's flagship £7.1 billlion fund has taken on an overdraft, as an emergency measure to fund either redemptions or a growing collection of falling knives or both. If Woodford believes what he says about markets being overvalued - and I do - this is a sign that Britain's most conceited fund manager has completely lost the plot and may be not that far from the final collapse.
3832 days ago
This morning www.TomWinnifrith.com went down. Uh oh…apologies all round, we forgot to renew the domain name! Apologies for that, we are two years old today. It is a week of anniversaries and look backs. On 18th May I “parted company” with Rivington, the company I founded as an employee. Rivington said that it had issued me a 24 month rolling contract as an advisor to t1ps. That was of course not true and I was on my way.
