I’ve pretty much learned over the last decade that I do much better when I stick with my program and ignore Brexit and any other issue du jour. The markets priced them in months ago. There are armies of analysts figuring out how to play it and they’re covering both sides.
Sure, occasionally, they’ll get it wrong and a single entity will be over exposed. I’m still not convinced LTCM which was resolved by the market or AIG, resolved by the Government, wouldn’t have actually created a healthier market long term should it have been allowed to fail.
So I stick with my process of spending an hour or so a month looking at my next move. When I react to things like Brexit, by the time it gets to the media and I react, I’m just running with the sheep. The market players moved months ago.
