-
letters
How We Find Good Opportunities
|
11 reading minutesRead moreThere's a tendency to believe that extraordinary results come from extraordinarily complex methods. This is true in some cases, but it's far from a…
Latest letters
-
Read moreWhy doesn't Brazil grow?
In our last letter, we talked about ten crises that Brazil has faced since the Plano Real and how the stock market…
-
Read more30 years of crises in Brazil
In this month's letter, we recall the 10 biggest falls in the Ibovespa since the Plano Real and how the Brazilian market,…
-
Read moreEpistemology in investments
In this month's letter, we discuss the importance of theoretical knowledge in investments, contrasting it with the empirical Brazilian culture. The experience...
-
Read moreStocks or Fixed Income: the Brazilian investor's dilemma
The Brazilian investor faces a dilemma between stocks and fixed income, especially with the low allocation to equities. Despite the…
-
Read moreImpacts of population aging
In this month's letter, we commented on the impacts of population aging on the global economy. The drop in fertility rates…
-
Read moreOur investment in BAT
In this month's letter, we discuss the investment in British American Tobacco (BAT) as part of the internationalization strategy for the...
-
Read morePax Americana
In this month's letter, we comment on the impact of Trump's second term on the global economy and geopolitics, and we analyze...
-
Read moreHow to separate the wheat from the chaff
In this month's letter, we shared the general principles of the methods adopted at Ártica to select investment theses. The process...