The rise of the new populism

Political outsiders on both sides of the Atlantic are making waves. Should you be concerned about your money? John Stepek reports.

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The best investment of 2015? If the polls are right (yes, we all know that's a big 'if' these days), it may just turn out to have been a well-timed punt on Jeremy Corbyn tobecome Labour leader this weekend. When the rank outsider was nominated by his party in a part-joke, part-sop to the hard left, bookies put his odds of winning at 100/1.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.