The day we learned that the UK had voted slightly in favor of “Leave,” I wrote a column discussing Eight Things to Know About the U.K. Vote; that weekend I published Brexit happens. Know your investment plan, and stick to it.
A few weeks later, the WSJ had a terrific “5 Things” piece explaining the 5 Things Investors Can Learn From Brexit Shock.
You should go read all three of those columns, but I wanted to point out the bullet points of the WSJ’s piece — they are simple, straight forward, smart advice:
Lessons from Brexit
1. Timing: A Loser’s Game
2. Human Markets Bring ‘Constant Surprises’
3. Up, Down and Sideways: Play the Long Game
4. Diversification: ‘Banal’ but Key
5. Advice May Thwart Panic
These lessons should all be familiar to regular TBP readers . . .
5 Things Investors Can Learn From Brexit Shock
WSJ, July 6 2016