Brandon Zietsman: Brexit and the wisdom of the collective

Lessons to learn

clock • 7 min read

That unexpected things happen is completely predictable and as much time should go into engineering portfolios for impossible-to-forecast events as goes into formulating directional views, argues Brandon Zietsman

The last couple of years have not been a great ad for democracy. The Brexit and Trump phenomenon is not just crazy stuff you can shrug off. Although these are different events, with somewhat overlapping sets of causes, they go straight to the heart of our identity in liberal democracies and raise lots of questions. The fact we know why these events happened and can build a historic narrative to explain them provides little solace. Long before the political shocks of 2016, we were lamenting the lurch towards nationalism, inward-looking policies, intolerant rhetoric and identity politics, ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

OBR chair says leak could have come from 'external person'

OBR chair says leak could have come from 'external person'

OBR faces scrutiny after key document shared before Budget

Jen Frost
clock 27 November 2025 • 2 min read
Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

OBR report released in 'unprecedented leak'

Patrick Brusnahan
clock 26 November 2025 • 1 min read
Budget 25: Council tax surcharge for £2m properties revealed

Budget 25: Council tax surcharge for £2m properties revealed

High Value Council Tax Surcharge in place from April 2028

Jen Frost
clock 26 November 2025 • 2 min read