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 95 – Network

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

Letter 94 – Digit

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

Letter 93 – Hearing stars

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

Letter 92 – BVMF II

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

Letter 91 – BVMF I

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

Letter 90 – Resilience and Robustness

Discusses the resilience/robustness of companies.

Letter 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.

Letter 88 – LAt(t)itude II

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

Letter 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.

Letter 86 – Our Knots

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

Go to Top