Illustrates how our investments in Totvs, Ultrapar and Drogasil can benefit from the improvement in the business environment as Brazil increases efforts to fight against tax evasion.

Describes our investment in Cielo and Redecard, discussing the regulatory issue of the Brazilian merchant acquiring market.

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

In light of this latest crisis, updates the discussion on the mental models used in finance.

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.

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.

Brings network theories’ contribution to financial debate and to business analysis.

Describes and analyses J.M. Keynes´ personal experience as an investor.

Technical comments on and criticisms of the reform of Brazilian Corporation Legislation, in the economic context of capital market evolution.

Discusses the practice of loan agreements between listed companies and their controlling shareholders and the implication of this practice in the inequitable distribution of value among shareholders.