, Columnist
The Pain of Neil Woodford
The active manager is undeterred by his "painful" under-performance.
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"Markets know more than you," says Jim Rogers, a founding father of the hedge-fund industry. "The market is right and you are wrong," says Yra Harris, who traded in Chicago's futures pits for almost three decades. "Markets are very humbling," says Sushil Wadhwani, a former Bank of England policy maker who runs his own fund.
Those quotes are from hedge-fund adviser Steve Drobny's 2006 book "Inside the House of Money," which details insights from 14 of the world's leading investors. It's a paperback Neil Woodford, one of the U.K.'s best-known and most successful fund managers, could use on his bedside table right now.