Letter 84 – Renner : The Path of the Palindrome
Resumes the chronology of Lojas Renner´s course from 2005 on, situating our recent investment.
Letter 83 – Renner: The Geometry of Retail
Describes the trajectory of Lojas Renner up to 2005, emphasizing our investment during the period 1994-1998.
Letter 82 – System 3
Considers the influence of emotions in individual judgments. Describes our collective model of investment decision making.
Letter 81 – The Experience of Intuition
Examines the role of experience –and intuition – in our investment activity
Letter 80 – Letter to My Partner
This Report is a tribute to Dynamo’s twentieth anniversary
Letter 79 – Keynes as an Investor
Describes and analyses J.M. Keynes´ personal experience as an investor.
Letter 78 – The Card´s Credit II
Completes the narrative of our former Report, about our investment in Cielo and Redecard, analyzing the competitive environment of Brazilian´s merchant acquiring market post openness. Makes some comments on contrarianism in investments.
Letter 77 – The Card´s Credit I
Describes our investment in Cielo and Redecard, discussing the regulatory issue of the Brazilian merchant acquiring market.
Letter 76 – The Skilled
Completes the argument of our last Report, discussing the matter of Skill among investment managers
Letter 75 – The Fortunate
Treats the subject of luck (fortune) and its influences on our day-to-day investing activity.
