Neil Woodford’s latest purchase of WM Morrison Supermarkets P L C (LON:MRW) makes him the company’s largest shareholder. This move is in stark contrast to Woodford’s exit from Tesco (LON:TSCO) just over a year ago. We know that Warren Buffett prefers Tesco, so which supermarket is the better investment?
Before I get into the details, I have to admit that sometimes I feel sorry for Neil Woodford. Sometimes… but not very often. The poor man has every move scrutinised to the nth degree by commentators everywhere, and recently I seem to have become one of them.
More than anything this is because I’m interested in the same sort of large, high quality, dividend paying companies, and Woodford effectively walks around with a target painted on his back as the UK’s uber-investor.
It’s also that Woodford is a man whose approach to investing is one that I usually admire. He generally runs a concentrated portfolio, he takes very long-term positions (with a holding period typically measured in years rather than the industry average of several months), and he actively tries to improve the…
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