Dynamo Letters2025-06-24T09:05:57-03:00

In addition to our usual communication channels with our fund’s unitholders, we have been writing — since the inception of Dynamo Cougar — the Dynamo Letter.

The Dynamo Letter is a publication issued four times a year, in which we analyse topics related to the capital markets and our investments.

Below, you may download the most recent Dynamo Letters. To ensure you receive future publications, subscribe via the Mailing menu.

Letter 115 – Dispersed Ownership and Control Revisited (II)

Resumes the subject of the previous Report updating the situation of the control and concentrated ownership regime.

Letter 114 – Dispersed Ownership and Control Revisited (I)

Considers corporate governance issues under the regime of dispersed ownership

Letter 113 – Climate: The Price of Conquest

Discusses carbon prices and carbon markets: their importance and implications

Letter 112 – In Times of Climate Change

On climate action urgency and challenges.

Letter 111 – In Company with the Forest

Resumes and concludes the narrative of our investment in Suzano.

Letter 110 – The Nature of the Tree

Narrates Suzano´s journey, from the entrepreneurship of the beginnings to the current possibilities of its platform of technological innovations.

Letter 109 – Fragments

Addresses the consequences of recent transformations in different dimensions of companies ecosystem.

Letter 108 – Contours of Growth

Still on the subject of growth, looks for inspiration in other disciplines, presents the pattern of expansion of companies in the traditional environment and describes how digital companies try to overcome it. It ends by commenting on the importance of sustainable growth for the long-term investor

Letter 107 – Paths of Growth

Revisits theoretical contributions and empirical discussions on the theme of company growth, discussing its determinants and strategic alternatives

Letter 106 – Thoughts on Digital Transformation

Describes the main elements of the companies IT configurations, analyzing dilemmas, challenges, impacts and opportunities in their course of digital transformation.

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