David Fleer
Bristlecone Value Partners, LLC
12301 Wilshire Blvd., Suite 320
Los Angeles, CA 90025 USA
Work 1-877-806-4141

Brexit and Your Portfolio

June 24th, 2016

On Thursday, British citizens voted in a national referendum on whether or not their country should remain a part of the European Union (E.U.), of which it has been a member since 1973.  At stake was Britain’s relationship to a much disliked supranational institution, and what this means for trade, sovereignty, and security.   Proponents of a British exit (“Brexit”) voiced populist sentiments focused on preserving a sense of British national identity, as well as securing Britain’s borders in the midst of the E.U.’s refugee crisis.  Those in the “remain” camp (which included most business executives and economists) emphasized the benefits of free trade and open labor markets, and cautioned against the unforeseen consequences of an unprecedented defection from the E.U. Read the rest of this entry »

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