Showing posts with label Provident Financial. Show all posts
Showing posts with label Provident Financial. Show all posts

Saturday, September 09, 2017

The fallacy of value investing - with Neil Woodford

This week, star London-based fund manager Neil Woodford talked about his recent poor performance, mainly as a result of the huge losses suffered in his holding in Provident Financial.

Below is the chart, which tells its own sorry story: