{"id":1764,"date":"2016-06-29T11:20:25","date_gmt":"2016-06-29T15:20:25","guid":{"rendered":"https:\/\/hedgeanswers.com\/?p=1764"},"modified":"2016-06-29T11:20:25","modified_gmt":"2016-06-29T15:20:25","slug":"observe-first-react-second","status":"publish","type":"post","link":"https:\/\/aandcadvisors.com\/ar\/observe-first-react-second\/","title":{"rendered":"Observe first, react second"},"content":{"rendered":"
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The voters of Great Britain clearly shocked the world last week with their historic vote to leave the European Union. The people have clearly spoken, they want change and change is what they are going to get.<\/p>\n

To me, though, what’s more shocking than the outcome of the vote is the fact that almost none of the popular press, the bookmakers or the pollsters called this one right.Everyone, it seems, was on the wrong side.<\/p>\n

The short-term and long-term effects of Brexit are still to be determined. Still, like many of you, my inbox was inundated on Friday<\/span><\/span> and throughout the weekend with articles, advice and information on how to deal with the news. Law firms, investment advisors, accountants, consultants and more littered my inbox with their take on the Exit and what it means for markets, the economy, hedge funds and travel. While I firmly believe most of the copy was meaningless, I do give these firms an A for effort. Clearly, they were prepared with two email blasts \u2013 one for an exit and one for a stay. No different than the good folks who print NBA championship tee shirts in preparation for the outcome of Game 7 a week earlier \u2013 somewhere out there is a warehouse full of Golden State Warrior 2016 Championship shirts and hats.<\/p>\n

I have a simple suggestion about how to deal with Brexit \u2013 do nothing. Wait. Be patient and act accordingly once the dust settles. Those who move too quickly are bound to get hurt. Slow and steady will win this race.<\/p>\n

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I spent last week running around New York City and it was great. I did find it funny that in the 80-degree heat, I saw a number of men on the street in fleece vests \u2013 the chill coming off the rivers was significant! But what really burned me up was an ice tea refill charge Le Bateau Ivre, a French bistro on the East Side, sprung on me. I understand things are tough right now, but really, this is an unacceptable practice that needs to end. It’s almost as bad as the restaurant automatically adding a tip. Almost.<\/p>","protected":false},"excerpt":{"rendered":"

The voters of Great Britain clearly shocked the world last week with their historic vote to leave the European Union. The people have clearly spoken, they want change and change is what they are going to get. To me, though, what’s more shocking than the outcome of the vote is the fact that almost none […]<\/p>\n","protected":false},"author":2,"featured_media":1765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24],"tags":[149,50,150,111],"class_list":["post-1764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-brexit","tag-hedge-funds","tag-ice-tea","tag-mutual-funds"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t