Letter 54 – Cherry Picking
Illustrates some of Dynamo’s investments in this IPO cycle.
Letter 53 – Poison
About the antitakeover defenses included in the bylaws of the recent IPOed companies in Brazil.
Letter 52 – Dispersed and Concentrated Ownership – A Topic Revisited
Revisits the literature and updates ours reflections on the fundamental theme of the ownership regime.
Letter 51 – The Offer and the Aroma
Under the occasion of the recent events in our equity market, considers the benefits of a market of corporate control.
Letter 50 – Going Public – II
Examines the empirical patterns and the internal processes of the IPOs, situating Dynamo´s competitive position in these offerings.
Letter 49 – Going Public – I
Discusses the recent initial public offerings cycle, examining the motivations that push the companies to going public.
Letter 48 – Fire and Iron III
Examines the fundamentals of our investments in the long steel sector.
Letter 47 – Fire and Iron II
Discusses the dynamics of iron ore global market and our investment thesis in CVRD/Caemi, in the light of the growth of the Chinese steel industry.
Letter 46 – Fire and Iron I
Analyzes the peculiarities of the transition model of the Chinese economy, pointing its main challenges ahead.
Letter 45 – Behavior Finance II – Heuristics and Bias
Presents the main bias of the individuals judgment process, illustrating with examples extracted from capital markets and corporate environment.
