An Insider’s View of the Scottish Secession Vote (Podcast)

Scotland decides on the 18th of September whether it remains in the United Kingdom, and the vote has far-reaching impact. Curious about what the tenor on the ground is like and the potential impact it has, Jason Voss, CFA, and I called Colin Mclean, the CEO of SVM Asset Management.

His thoughts on the vote are as provocative as his comments on the private equity industry, and I found our conversation illuminating. Particularly interesting is a consensus that developed among the three of us that the election is ideologically driven, rather than fact driven.

Indeed, many of the conversations about this referendum focus on absent facts. Scotland’s oil is an important resource, but who controls it? Bitcoin hasn’t disrupted currencies yet, so will Scotland use the pound, the euro, or some new currency?

A transcript of the interview is forthcoming; in the meantime you can read Jason’s take on it, in which he makes the case that the Scottish secession vote is more important than you think.

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Photo credit: ©iStockphoto.com/georgeclerk