Waterford selector Dan Shanahan says they were punished for their errors by Kilkenny in yesterdays All Ireland semi-final at Croke Park.
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1-21 to 0-18 was the final score, with TJ Reid scoring the crucial goal.
Kilkenny now face either Tipperary or Galway in the Final.
Elsewhere the minors will have to do it all again, as Galway and Kilkenny finished the curtain-raiser level on 2-20 to 0-26.
