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.
Letter 64 – Amalgam
Describes our investment in Odontoprev.
Letter 63 – Net work(th)s
Brings network theories’ contribution to financial debate and to business analysis.
Letter 62 – The Other Crisis
In light of this latest crisis, updates the discussion on the mental models used in finance.
Letter 61 – ATtributes
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.
Letter 60 – Abapuru
Points out the differences between the fundamentals of the banking sector in Brazil and abroad, describing our investment in Itaú-Unibanco.
Letter 59 – Metamorphosis
Narrates the investment banks’ course and its internal transformations.
