It is hard not to admire Smith’s work on forensic accounting or his historic track record as a fund manager. He is one of the stars of the fund management galaxy. But has he lost the plot? I ask readers who are more familiar with thus sector than I, a failed fund manager, to read the comments below and explain if there is any case at all for now backing Smith. It seems, that he is, as Neil Woodford did, abandoning the disciplines that made him great as a sign of desperation.
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