RV Capital's Letter to Co-Investors for the First Half of 2022

RV Capital's first half letter for 2022 contains discussions of:

• Organisational changes at RV Capital;
• How I have dealt with the drawdown;
• Surging inflation;
• Rising interest rates and their implication for investing in long-duration cash flows;
• The fund’s exposure to tech stocks;
• War in Ukraine; and
• Taiwan and its implication for investing in Chinese companies
• And the development of our largest investments