Letter 74 – Philosophy of Patience
Illustrates the discussion of ‘short-termism’ and its effects on our daily condition of long term investors.
Letter 73 – Physiology of Impatience
Searches explanations for the prevalence of behaviors ‘short-termism’ between investors and other market participants.
Letter 72 – Takeover – My cup of Tea
Describes the British model of takeover regulation, compares with the American one and provides insights into the Brazilian case.
Letter 71 – Takeover – American way
Investigates the reasons for a pro management bias of takeover regulation in the United States.
Letter 70 – 7x (with interest)
Extends the analysis of our previous Report, about the credit market in Brazil, and updates our investment in Itaú Unibanco.
Letter 69 – Installments
Describes the credit market in Brazil, in light of the American financial crisis.
Letter 68 – Estreito
Discusses the business model of GDF Suez/Tractebel.
Letter 67 – Budding
Describes the map of opportunities that we believe to be present on Anheuser-Busch Inbev´s radar.
Letter 66 – Buddy
Describes the economics of the acquisition of Anheuser-Busch by Inbev.
Letter 65 – Own Way’ of Be(er)ing
Updates our investment in Ambev/Inbev.
