The rise and fall of Neil Woodford, the star fund manager who lost e18 billion of everyday investor's money
Owen Walker is an award-winning business journalist, covering European banks for the Financial Times. He was previously asset management correspondent at the newspaper and his reporting on Neil Woodford's downfall led to the FT winning business and finance team of the year at the 2019 Society of Editors' Press Awards. His first book, Barbarians in the Boardroom, covered activist investors and was published in 2016.
Excellently-researched and pacy, anyone contemplating giving their
money to a 'star fund manager' should read this book before they do
anything
*former City Minister*
An outstanding, readable, well researched account of the collapse
of Woodford Investment Management ...'Built on a lie' wasn't a
journalist's sound-bite but the judgement of Mark Carney, former
Governor of the Bank of England, who saw clearly that Woodford was
a symptom of a dangerously unstable investment model. When a rogue
investor smashes down a rotten door causing so much damage, give
some credit to the rotten door. This is a must read
*former leader of the Liberal Democrats and Secretary of State for
Business*
What reads like a rip roaring tale of a corporate high wire act is
in fact also a forensic exposure of a finance system out of
control, populated by gambling profiteers operating with impunity
and accountable to nobody
*Labour MP for Hayes and Harlington and former Shadow
Chancellor*
Owen reveals in meticulous detail the actions of disgraced fund
manager Woodford - how he did what he did. But he also places at
the heart of the story those who lost their life's savings. The
ones whose names and stories we mustn't forget. Vital financial
journalism with heart
*broadcaster*
Colourful, insightful and pacey
*Business Editor of the Sunday Times and author of Damaged Goods:
The Rise and Fall of Sir Philip Green*
Built On A Lie pulls no punches. Owen Walker offers fresh
revelations about the scandal, while asking important questions
about what we can learn
*Investor's Chronicle*
This book should be sold with a bottle of blood-pressure pills.
Owen Walker paints a picture of complacency, incompetence and
deceit that allowed Woodford, arrogant and naive in equal measure,
to splurge his investors' cash on half-baked schemes, covering up
the results with financial jiggery-pokery and outright lies.
Written with refreshing clarity about a subject often shrouded in
mumbo-jumbo and jargon... Walker's depiction is meticulous and
unsparing.
*The Times*
A revelation as to the events that wrote many thousands of small
investors unwillingly into a shocking chapter of UK financial
history
*The Armchair Trader*
Neil Woodford made his name as the fund manager who made middle
England rich, becoming a rock star to the investment world. Then it
all went horribly wrong and Woodford lost investors more than £1bn
in a ruinous fire sale. The FT's European banking correspondent
tells the story expertly
*Financial Times, Best Books of 2021*
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