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Strong character

Romer-Lee says: “They need to be strong characters because their clients are at them all the time, their managers are at them all the time, the media is at them all the time. They have to be able to stick up and fight for what they believe. At the height of the TMT bubble, Woodford was being described in the media as a dinosaur who didn’t get the new paradigm. But he said he was buying fantastic companies with strong earnings growth and a good dividend – at a bargain. He was disregarded by everybody … but he didn’t budge. And the rest is history – he was proven right and he made a huge amount of money.”

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