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Is This Going to Be a Hot Year, Volatile Year?
The key from an investment point of view is to say, first of all, have you seen already the peak of economic, commodity, and political disruption out of Russia, Ukraine? The answer to me is categorical, yes. I actually think the next couple of years is not going to be now. Maybe in the second half. Am I 100% confident? Of course not. Nobody can be. But I think it's a bit unlikely that we're going to have a spike, any single equivalent to what we have experienced with Russia, Ukraine.