- Published: 4 March 2021
- ISBN: 9780241993057
- Imprint: Penguin Audio
- Format: Audio Download
- RRP: $26.99
Built on a Lie
The Rise and Fall of Neil Woodford and the Fate of Middle England's Money
- Published: 4 March 2021
- ISBN: 9780241993057
- Imprint: Penguin Audio
- Format: Audio Download
- RRP: $26.99
Excellently-researched and pacy, anyone contemplating giving their money to a 'star fund manager' should read this book before they do anything
Paul Myners, 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
Vince Cable, 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
John McDonnell, 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
Emma Barnett, broadcaster
Colourful, insightful and pacey
Oliver Shah, 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.
Dave Baxter, 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.
Edward Lucas, The Times
A revelation as to the events that wrote many thousands of small investors unwillingly into a shocking chapter of UK financial history
Graeme Andrew, The Armchair Trader