THE World's First Library of Mistakes has opened in Edinburgh.

The brainchild of financial consultant and author Russell Napier, the public libary comprises 2200 books on financial and business history with a view to learning from the mistakes made by the financial world which led to the recession.

Funded by the financial industry, the library in the heart of Edinburgh's New Town aims to help the public get more clued up on finance and help them make better financial decisions. Mr Napier is the library's keeper.

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