Dynamo Reports

Transparency in management is a highly cultivated asset in Dynamo. Besides the usual channels of communication with our investors, we usually write - since Dynamo Cougar inception – the Dynamo Report.

The Dynamo Report is a quarterly newsletter that seeks to critically analyze relevant issues of today's capital markets, and also presents our performance during the relevant period, highlighting the most significant events related to our investments.

Below you can download (PDF file) the last Dynamo reports available. To ensure receipt of future publications, please register on the Mailing menu.

Report 98

Melius Cras

Details the analysis of platforms and of Mercado Libre’s business model.


Report 97

Mutate in Melius

Briefly narrates the trajectory of Mercado Libre and our investment in the Company


Report 96

Platforms

On the business model of platform companies


Report 95

Network

Describes the structure through which digital technology is organized, namely, the network paradigm


Report 94

Digit

Highlights episodes in the history of technological progress that supported the digital transformations of today


Report 93

Hearing stars

In the discovery of gravitational waves, we founded another mental model that inspires our research process


Report 92

BVMF II

Resumes the narrative of our investment in BVMF up to today.


Report 91

BVMF I

Describes the context of the beginning of our investment in BVMF.


Report 90

Resilience and Robustness

Discusses the resilience/robustness of companies.


Report 89

Heading North

Taking advantage of the recent prestige of our country’s “institutions”, we reread the work of Douglass North, highlighting elements that may help us in our investing endeavors.


Report 88

LAt(t)itude II

Resumes the narrative of the former Report, approaching three other angles of analogies: adaptation, teambuilding and leadership.


Report 87

LAt(t)itude

Recounts the Antarctic epic expeditions from our perspective as contemporary investors, drawing parallels in the topics of ´animal spirits´, focus and preparation.


Report 86

Our Knots

Illustrates the daily difficulties our companies face with excessive regulation in Brazil. Situates Dynamo´s way of investing in this environment.


Report 85

Doing Business: a Global Overview

Presents the results of World Bank´s latest Doing Business report, analyzing Brazil´s relative positing in this ranking.


Report 84

Renner : The Path of the Palindrome

Resumes the chronology of Lojas Renner´s course from 2005 on, situating our recent investment.


Report 83

Renner: The Geometry of Retail

Describes the trajectory of Lojas Renner up to 2005, emphasizing our investment during the period 1994-1998.


Report 82

System 3

Considers the influence of emotions in individual judgments. Describes our collective model of investment decision making.


Report 81

The Experience of Intuition

Examines the role of experience –and intuition – in our investment activity


Report 80

Letter to My Partner

This Report is a tribute to Dynamo’s twentieth anniversary


Report 79

Keynes as an Investor

Describes and analyses J.M. Keynes´ personal experience as an investor.