Built on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle Englands Money
English
By (author): Owen Walker
'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 Times
The proud owner of a sprawling £14m 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'.
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 £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, 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.
'Vital financial journalism with heart' Emma Barnett, broadcaster