Mug punters and Brexit voters: highly correlated?


Been a strange few days and I want to keep my views out of it as much as possible.  However, I thought it would be worth a minute to compare the similarities with mug punters:

  1. Make decisions based on emotion without fully understanding the decision that has been made (i.e. was it actually a good bet/vote).
  2. Happy to take short term enjoyment (the occasional win) at the expense of long term profitability (time will tell on that one).
  3. Focus on one or two factors (e.g. migration, Cameron out….last win, newspaper tips) when there are multiple factors that need to be considered.

I’ll keep it brief, but it is funny how massive decisions get made with so little thought on the long term impact.  So in summary, I don’t have the stats to back it up but I’m pretty sure there will be a strong correlation between mug punters and people who voted to exit.

I’m hoping the long term impacts of Brexit will be minimal but we are definitely in for a bumpy ride in the short term.