In this month's letter, we discuss monetary policy in Brazil, explaining how the SELIC rate influences inflation and…

In this month's letter, we talk about the risk of being dazzled by one's own success, guided by ambition...

In this month's letter, we explain why we believe that the prices of some shares on the Brazilian stock exchange today do not reflect…

In this month's letter, we explain why here at Ártica we still like the Brazilian stock market and why, even so, it did…

In this month's letter, we analyze whether the strategy of using a fixed rate of return as a benchmark for increasing or…

In this month's letter, we seek to bring some of the knowledge developed by Kahneman that contributed enormously to the analysis processes...

In this month's letter, we tell the story of the investment in Porto (PSSA3), which is one of the largest positions in the portfolio…

In this month's letter, we gave a brief summary of how the world arrived at its current monetary system, with banks…

In this month's letter, we talk about how to take a more realistic and philosophical approach to the future of the economy and…

In this month's letter, we revisit some of Munger's lessons that, over time, have had the greatest impact on the education of both…