Built on a Lie

The Rise and Fall of Neil Woodford and the Fate of Middle England's Money

Built on a Lie
Owen Walker
RRP:
NZ$ 50.00
Our Price:
NZ$ 40.00
Hardback
h240 x 162mm - 256pg
4 Mar 2021 UK
International import eta 7-19 days
9780241468197
Out Of Stock
Currently no stock in-store, stock is sourced to your order
The rise and fall of Neil Woodford, the star fund manager who lost e18 billion of everyday investor' s moneyThe proud owner of a sprawling e14m estate in the Cotswolds, boasting a stable of eventing horses, a fleet of supercars and neighbouring the royal family, Neil Woodford was the most celebrated and successful British investor of his generation. He spent years beating the market; betting against the dot com bubble in the 1990s and the banks before the financial crash in 2008, making blockbuster returns for his investors and earning himself a reputation of ' the man who made Middle England rich' . As famous for his fleet of fast cars and ostentatious mansions, he was the rockstar fund manager that had the lifestyle to match. But, in 2019, after a stream of poorly-judged investments, Woodford' s asset management company collapsed, trapping hundreds of thousands of rainy-day savers in his flagship fund and hanging e3. 6bn in the balance. In Built on a Lie, Financial Times reporter Owen Walker reveals the disastrous failings of Woodford, the greed at the heart of his operation, the flaws of an industry in thrall to its star performers and the dangers of limited regulation. With exclusive access to Woodford' s inner circle, Walker will reveal the full, jaw-dropping story of Europe' s biggest investment scandal in a decade.
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 accountof 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 *
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.
Status: Active
ISBN-13: 9780241468197
Published: 4 Mar 2021
Published In: United Kingdom
Imprint: Penguin Business
Publisher: Penguin Books
Format: Hardback
Height: 240mm
Width: 162mm
Spine: 26mm
Weight: 461g
Pages: 256

In stock - for items in stock we aim to dispatch the next business day. For delivery in NZ allow 2-5 business days, with rural taking a wee bit longer.

Locally sourced in NZ - stock comes from a NZ supplier with an approximate delivery of 7-15 business days.

International Imports - stock is imported into NZ, depending on air or sea shipping option from the international supplier stock can take 10-30 working days to arrive into NZ. 

Pre-order Titles - delivery will vary depending on where the title is published, if local stock is available in NZ then 5-7 business days, for international imports it can be 10-30 business days. In all cases we will access the quickest supply option.

Delivery Packaging - we ship all items in cardboard sleeves or by box with either packing paper or corn starch chips. (We avoid using plastics bubble bags)

Tracking - Orders are delivered by track and trace courier and are fully insured, tracking information will be sent by email once dispatched.

View our full Order & Delivery information

Details of the product above will be automatically included with your enquiry.