Episode 119: John Hempton - Cutting through the uncertainty
Inside the Rope with David Clark
00:00
We're Really Disappointed With the Results
We got hit on both ends. I mean, we should have realized faster just how bad our ukrane basket, which was our basket of things that were driven by the ukrane situation was. We own shares in a company called k w s, which is the world leader in sugar beet seeds. It's actually a really good business. But it turns out that something like six to eight % of their revenue is either ukraine or russiad. Whilst food sanctions aren't biting, it's pretty hard to plant in ukrane at the moment. You know, do you really want a plant when there are tanks running down the road next your field? A so
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