Book cover for When the Fund Stops

When the Fund Stops

Paperback

Synopsis

Details

26 January 2021
208 pages
9780857198655
Imprint: Harriman House

Reviews

A highly readable account of one man’s rise and fall from grace in an industry which most of us rely on in some way for our pensions and savings income. This book serves as a reminder that what goes up usually does come down, but in this case was aided by a culture of arrogance based on past performance and a view that rules were there to be broken.
This is an interesting book, written as a fast paced story that makes you eager to turn the next page. I highly commend David Ricketts’ book as recommended reading for any investor prior to allocating significant money to any fund manager.
A page turner that gives a fly-on-the-wall account of how Woodford went from hero to zero. It serves a salutary reminder of how a sure-fire winner, left unchecked, can cause so much financial misery to hundreds of thousands of small investors who were led to believe that Woodford had the Midas touch. The book singles out the red flags that were ignored by investors, their advisors and the regulators alike. It deserves to be read widely in this age where individual investors are obliged to plan for their own retirement nest egg.
A fascinating read.