There were some pretty bleak moments, ... I'd never edited anything before, and there were times when I thought that we hadn't been able to make it work.

On taboos: we did once publish a piece by [the right-wing US social theorist] Charles Murray. But I think he's a legitimate figure. We are still, broadly speaking, on the liberal side of politics.

[To leave the FT, where he was the Germany correspondent, after 12 years, was a big move.] But I thought it was my destiny, ... I was almost uniquely situated to do it. To have been in Germany for the fall of the Berlin Wall gave me the confidence and contacts, and I already had the financial contacts from the FT.

We've always had a broader cultural coverage, particularly in the last three or four years We have short stories in every issue. We have more of an interior life. Perhaps the mistake was not to make more noise about that in the earlier issues.