I have been surprised by two electoral events in a few months: Trump’s election victory and the Colombian referendum on the peace accords. Both votes were very close, had low participation rates, and were expected to go the other way. If I were a closer watcher of British politics, I would no doubt have been equally surprised by the Brexit vote. In trying to learn from my own errors of analysis, I have come to these conclusions.
1. This is a world of bubbles.