Brandon Zietsman: Brexit and the wisdom of the collective

Lessons to learn

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Brandon Zietsman: "You do not have to have directional views on political outcomes – you simply need to understand the impact of uncertainty on asset valuations."
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Brandon Zietsman: "You do not have to have directional views on political outcomes – you simply need to understand the impact of uncertainty on asset valuations."

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...

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