How Would ‘Brexit’ Impact Markets?

The video discusses the potential impacts of Brexit on savings, markets, and the global economy. It highlights the depreciation of sterling and the challenges in the bond market, emphasizing the underestimated risks of Brexit. The discussion also covers investor strategies for dealing with high-impact, low-probability events, suggesting that Brexit could have significant negative effects not only on the UK but also on Europe and globally.

In what ways does the speaker suggest investors should prepare for Brexit?

What does the speaker mean by 'high impact lower probability events' in the context of Brexit?