3 March 2022
After a war, the losing side loses is currency. So my small investment at 259 in POLY.L is subject to big risk.
Things never go as planned in war, as we've seen, and it'll be worse than we could imagine, it's 'cos of the other side.
But the winner will be he side that can endure the most pain.
The kind of things we could see in Russia, my homework reveals, might be that it closes its markets, sets up asset price controls, changes ownerships, imposes exchange controls, and may change tax rates, limit stock market issuances and impose higher corporate tax rates.
So let's hope for a swift and sensible resolution, not too much ego please, just weigh up the costs and benefits first guys.
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