EU Referendum: Ten things to consider before the big vote

Reasons to vote 'remain'

One of the most powerful lessons for me in my former life as a fund manager is there are times when numbers and forecasts matter. At all other times, you would be better off understanding the psychology of those who make up the markets.

By now most people will have made up their minds on how they are going to vote. The accelerated barrage of numbers and rhetoric flying about could influence that decision. If you are still undecided here are a few things to consider. 1) Numbers in isolation mean nothing. A small change in one number can have a knock on effect on other numbers, as well as to the overall outcome. Anyone who has ever had the pleasure of manipulating a discounted cash flow model will know what I mean. An analyst can justify just about any recommendation on a stock by tweaking a few numbers. 2) The forecas...