Armchair Critic: The age of unpredictability

What follows for portfolio construction?

clock • 4 min read

Amid the post-mortems and post-rationalisations on the unexpected general election result, Professional Adviser's Armchair Critic Brendan Llewellyn suggests one big conclusion is that people just don't know

Ahead of this election, I attending several meetings of well-informed financial services practitioners, including political analysts. A good way to raise a laugh at any of these was to pull up a picture of Jeremy Corbyn on the PowerPoint presentation. Prior to that, another series of similar meetings where the consensus was again overwhelmingly clear - Clinton was a bit weak but Trump has no chance. A pattern begins to emerge. Prior to the Brexit vote, this time last year, I asked 40 providers what they would like to cover at a meeting and less than a handful said Brexit - it was almost ...

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