Festival of Ideas Luke Johnson is one of Britain's most successful entrepreneurs with an estimated personal fortune of £120 million. He’s the former Chairman of PizzaExpress, chaired Channel 4 Television and is Chairman of Risk Capital Partners and The Royal Society of Arts. He is also owner of Patisserie Valerie and Giraffe.

Luke Johnson  Luke will be giving a one hour talk on Running a successful Business from 1800-1900 prior to the viewing of his new film The Flaw at The Watershed on 19th September from 1930-2100 .

In Start It Up, his new book, Luke compresses two decades of success to reveal the realities of running your own business and bust some key myths along the way. Learn how to find the right idea or buy someone else's; source capital from all sorts of places you never expected; get the best from everyone you meet on the way - chiefly yourself; and stay sane while you do it. Following this special session, Luke will introduce the film he has recently produced, The Flaw which through interviews with some of the world's leading economists the film presents a compelling account of the credit bubble and the toxic combination of forces that nearly destroyed the world economy.

 The Flaw

In October 2008 a humbled Alan Greenspan admitted to the US Congress that he had been mistaken to put so much faith  in the self-correcting power of free markets and that he had failed to anticipate the self-destructive nature of wanton mortgage lending and the housing and credit bubble it generated. Taking for its title Greenspan's description that he'd found a flaw in his model of how the world worked, THE FLAW attempts to explain the underlying causes of the crisis in more depth than any documentary to date. Made by international award-winning documentary maker David Sington, THE FLAW tells the story of the credit bubble that  caused the financial crash. Through interviews with some of the world's leading economists, including housing expert Robert Shiller, Nobel laureate Joseph Stiglitz, and economic historian Louis Hyman, as well as Wall Street insiders and victims of the crash including Ed Andrews - a former economics correspondent for The New York Times who found himself facing foreclosure - and Andrew Luan, once a bond trader at Deutsche Bank now running his own Wall Street tour guide business, the film presents an original and compelling account of the toxic combination of forces that nearly destroyed the world economy. The film shows how excessive income inequality in society leads to economic instability. At a time when economic theory and public policy is being re-examined this film reminds us that without addressing the root causes of the crisis the system may collapse again and next time it may not be possible for governments to rescue it.

Price: £7.20 / £5.60 for talk or film; for both £12.00 / £10.00. Contact Watershed, Bristol on: 0117 927 5100, book online for talk or for film (http://is.gd/CoQP9X), or visit in person. Please note that you can only purchase the joint ticket for the talk and screening in person or by calling Box Office on 0117 927 5100.