Sure, the U.K. has nuclear weapons, just as fat middle-aged former footballers still have their old team jerseys. Each is a remnant of former glory days, long since gone.
7. Nobody Knows Anything
This is a favorite theme of mine, and my Bloomberg View colleague Justin Fox did a terrific job summarizing how the experts got what was admittedly a close race completely wrong. Not just the pollsters but the prediction markets: U.K.-based Betfair and Ladbrokes, and the stock and currency markets also anticipated a win for "remain." It just goes to show how poor experts are at making predictions.
More disconcerting is how easily ordinary folks can be confused by nonsense -- and not just in the U.K.
8. “Uncertainty” Has No Place When There's a Binary Outcome
Please stop.
I won't beat this dead horse too much, other than to say that there were two options presented to voters: Stay and leave. Voters picked "leave," despite warnings that exactly what is happening at the moment was going to happen. That isn't what the term "uncertainty" means, and those who insist on using the word incorrectly subtract from the sum of human knowledge.