Episode 119: John Hempton - Cutting through the uncertainty
Inside the Rope with David Clark
00:00
Do Emerging Market Stocks Need Your Money?
We have almost no emerging market positions at all. And if you look at emerging markets, they're normally full of the crappiest businesses. I'd rather invest in things that are going to be giving back money to shareholders for a very long time. The most controversial long we own is herbe life, and about five % of its business is in russia and ukraine.
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