Owen Walker

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

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

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.

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

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

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 £3.6bn 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.

Owen Walker

Praise for Built on a Lie

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, ...

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 ...

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 name ...

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, ...

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 ...

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 name ...

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, ...

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 ...

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 name ...

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