Neil Woodford has been roundly and rightly criticised for his investment strategy leading up to the gating of his main equity income fund. But could Mr Woodford be right on one key aspect of his approach? Before he was forced to stop investors taking their money out of his fund this month, Mr Woodford spoke about what he perceived as a gap between value and price in the stock markets. He reiterated these comments in a written apology to investors after stopping redemptions. “In some cases, in my judgment, the gap between value and…

Source: The Times June 23, 2019 23:04 UTC