Owen Walker

Built on a Lie (eBook, ePUB)

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

• Format: ePub

Produktbeschreibung

He was the most celebrated and successful British investor of his generation - but it was all built on a lie.

Neil Woodford spent years beating the market; betting against the dot com bubble and the banks before the financial crash in 2008, making blockbuster returns for investors and earning himself a reputation of 'the man who made Middle England rich'.

But, in 2019, Woodford's asset management company collapsed, trapping hundreds of thousands of rainy-day savers in his flagship fund and hanging £3.6 billion 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 and the full, jaw-dropping story of Europe's biggest investment scandal in a decade.

'Vital financial journalism with heart' Emma Barnett, broadcaster

'This is a must read!' Vince Cable, former leader of the Liberal Democrats

'Reads like a rip roaring tale of a corporate high wire act' John McDonnell, former Shadow Chancellor

'Should be sold with a bottle of blood-pressure pills' Edward Lucas, The Time

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Produktdetails

• Verlag: Penguin Books Ltd
• Erscheinungstermin: 4. März 2021
• Englisch
• ISBN-13: 9780241468227
• Artikelnr.: 60144511

Autorenporträt

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.

Rezensionen

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