John Husselbee: Four core messages on passive investing

Neil Woodford's troubles continue to cast a long shadow across the investment industry, giving fresh fuel to the increasingly strong pro-passive lobby. Masses of comment on the ins and outs of Woodford are available elsewhere but, for me, what is more interesting and potentially longer-lasting is how this situation has laid bare - but hopefully not calcified - prevailing attitudes to active and passive investing. If you look at the comments under any of the Woodford stories published in recent weeks, among plenty of well-reasoned arguments there are also two clear tropes, often employed ...