Investing Explained, 2nd Edition

Foreword

Twenty-seven years ago I took the biggest gamble of my life.

I gave up my job as deputy editor of the Sunday Telegraph, sold our lovely house in London’s Brook Green and moved my family to an old converted laundry we were renting in deepest Wiltshire. I then invested £100,000 of the proceeds in a project which all my friends and colleagues dismissed as mad.

The project was The Week magazine, and just over a year later, in May 1995, it stumbled out into the world from our first office, a small converted garage near Paddington, in London. It was the beginning of a rollercoaster ride: I nearly ran out of money; I was rescued by the maverick publisher Felix Dennis, who took a stake; we battled away to try and build a circulation. And finally, ...