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

Advisers predict returns uptick in face of increased market volatility until 2030

Advisers predict returns uptick in face of increased market volatility until 2030

Investor Confidence Barometer from Scottish Widows

Jenna Brown
clock 07 January 2026 • 2 min read
Advisers see more market volatility coming in 2026

Advisers see more market volatility coming in 2026

Uncertainty over the global economy and UK inflation rate

Isabel Baxter
clock 06 January 2026 • 2 min read
Inflation falls faster than predicted ahead of BoE interest rate vote

Inflation falls faster than predicted ahead of BoE interest rate vote

3.2% in November

Michael Nelson
clock 17 December 2025 • 2 min read