Built on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle Englands Money Hardcover March 4, 2021
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| Item Weight | 1 lbs (450 grams) |
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Built on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle Englands Money Hardcover March 4, 2021
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Editorial Review
"Built on a Lie: The Rise and Fall of Neil Woodford and the Fate of Middle England’s Money" is a compelling and distressing read that sheds light on the downfall of Neil Woodford's fund. The book exposes the arrogance, greed, and bullish behavior of Woodford, who believed his own hype. It reveals how Woodford mismanaged investors' money and made poor investment choices, particularly in biotech companies with no track record. Despite the fund's decline, Woodford and his business partner continued to extract large sums of money from it. The book also criticizes Hargreaves Lansdowne for promoting the fund and highlights the incompetence of the authorities in regulating the situation. The author presents a fair summation by showcasing the devastating impact of Woodford's actions on ordinary people's savings. Overall, "Built on a Lie" offers a comprehensive and eye-opening account of the Woodford scandal. It delves into the intricate details of finance and exposes the truth behind the scenes of high finance. The author's clear explanations make it an accessible read, especially for those saving for retirement. The book is well-balanced and written with a gripping narrative.
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Pros
- Provides a detailed and comprehensive account of the Woodford scandal
- Exposes the arrogance, greed, and mismanagement of Neil Woodford
- Offers insights into the failures of Hargreaves Lansdowne and the authorities
- Provides an accessible explanation of finance and high finance
Cons
- Distressing and unsettling read
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