Brexit! This is not a drill!
The klaxon horns have sounded, and it’s all hands on deck! The British “leave” vote — Brexit in financial medialand speak — has forced us all once again to rouse ourselves from our media-induced slumber and get busy getting busy. Pull on your big-boy pants, and sell this, buy that! Hedge, hedge, hedge!
It is my never-ending charge to remind you (once again) that the time to read the card on the seat back in front of you is before the plane takes off. At 30,000 feet, with the engines catching fire, you will most likely have missed the opportunity to think calmly and clearly about your best options.
This is why we plan ahead for events such as Brexit.
Written By: Barry Ritholz