i liked the bit about starbucks in china.
how that was a risk.
magellan talk up starbucks & particularly its china growth.
last friday sbux -7% on the result "The coffee chain posted a 7% decline in China comparable sales in its fourth quarter, missing its forecast of roughly flat growth".
once again magellan hit by the curveball.
if not for sbux, magellan might have beat the market in october.
rajiv was on top of the issues a year before.
Ann: GQG Listing, page-83
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