Every investor faces the same few decisions. Neil Woodford, 35 years in the markets, works through them in the open – the analysis, the judgement, and a straight account of how it turned out. The signal on the things that matter, without the noise.
Every investor faces the same few decisions. Watch Neil Woodford – 35 years in the markets – work through them in the open, wins and losses alike.
First-time buyers face mortgage payments near a 55-year low – and the biggest deposit hurdle since the 1980s. The villain is not the one in the popular narrative.
The world's central banks turned hawkish in unison this spring, just as the shock that frightened them was already reversing. My mid-year report card, honestly marked, and where I think the second half goes.
A friend asked me why markets are so buoyant when everything seems so bad. It was a good question, and the answer is sitting in the UK investment data almost nobody reported this week.
The economy grew when almost nobody expected it to. The interesting part is what that does to a consensus sitting below 1%.
Last week I argued that the inequality story being used to soften us up for the next round of tax rises doesn't survive contact with the data. The natural next question is who actually pays.
In the middle of the August lull, bids for UK-listed companies keep coming and the premia keep getting bigger. The explanation is structural, two decades in the making, and almost nobody in government appears to have noticed.
A Hormuz deal that keeps almost arriving, Brent back at $80, and a UK lending dataset saying something very different from the forecasts built on top of it.
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Neil's running argument that the UK — its economy and its public finances — is consistently misrepresented as a basket case by politicians, the OBR and the press, and that the declinist consensus is empirically wrong.
View this topic →Compute, power and the physical bottlenecks behind the boom — where the money actually has to go.
View this topic →Why the Fed, ECB and Bank of England consistently lag reality — moving too late, chasing inflation that has already turned — and why the rates consensus is predictably wrong.
View this topic →The case that UK equities trade at unjustified discounts to global peers, and that patient, contrarian investors are rewarded for owning what the market has written off.
View this topic →How Middle East conflict drives oil, inflation and central-bank decisions — and why the conventional 'oil shock = recession' narrative keeps being wrong.
View this topic →A year after its £51bn black hole quietly evaporated, the NIESR is back with a £24bn sequel and an inflation forecast to match. I think it will be just as wrong – and just as damaging.
Neil WoodfordLead voice · 35 years investingOne named, accountable investor – not an algorithm, not a newsroom. The source is a person whose judgement has been backed with real money over real time, who shows the reasoning and is straight about how it turned out. That is the one thing no competitor can copy.
Neil talks the week through the way the decisions actually get made – with the reasoning shown. Watch it, or take it as audio.
S2 Ep 7 · 28 MINThe week filtered — what dominated the noise, what’s underneath it, and what it means. One email, Fridays.
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