Never under-estimate the power of incumbency
Betting on a leader’s survival is usually profitable As general rule the best option in the political “How long will they survive” markets is to bet that leaders will go on longer than current perceptions for that’s what they usually do. Politicians who become leaders of their parties are generally pretty tough and resilient. You don’t get to that rung on the ladder without those qualities and it is easy to underestimate them. The power of incumbency is very strong…