The “Brexit” that nobody saw coming, and what to make of it now – By Steve Lowrie

There has been a lot of concern about the financial implications of the recent UK referendum to leave the European Union (the “Brexit”).

In some respects, the referendum illustrates the worst in populous politics and how emotion can easily trump rational thought.  As I am very familiar with behaviourial finance and how people make decisions, this is hardly surprising.  But, rather than pass judgment on the result, let me address things from an investment standpoint in a Q&A format:

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