Interviews with sell-side analysts
It is one thing to point out the obvious conflicts of interest that may arise from how sell-side analysts’ performances are measured and rewarded. There’s no argument there – if you are a long-term,...
View ArticleCNBC’s Disruptor 50 series
CNBC has a very interesting series of articles and videos on what they call the CNBC Disruptor 50, a list of 50 “disruptors” in several industries, including Healthcare, Travel, Transport, Retail, IT,...
View ArticleClik here to view.
Portfolio management and cycles
Two recent blog posts (and a funny chart below) about this subject make for good, quick reading and a timeless warning: emotions and portfolio management don’t mix, and that’s easier said than done. As...
View ArticleParenthood and noise
You may have noticed I haven’t posted in a few days – since May 22nd to be exact. That’s because my first son was born on May 24th and I have been since then engulfed in adapting the poor little lovely...
View Article“Empirical” lessons in risk management
Great post by Bronte Capital’s John Hempton on (well, kind of) exotic risk management. Someone in the comments reminded him of some of Taleb’s work, and another person asked good questions, but of...
View ArticleProxy Advisory firms: use with caution
I’ve just read a Stanford paper on the decision-making process of Proxy Advisory firms (PDF) such as ISS and Glass Lewis. I will write more in-depth about this in the future, but I wanted to highlight...
View ArticleMandatory savings?
H/T to Abnormal Returns for posing the question – “I argue in this post that a mandatory savings program would be net-net beneficial to society. Agree, disagree?” - and for getting so many to answer...
View ArticleGreat times are coming
These are very exciting times in Brazil – and I don’t mean the protests, and I certainly don’t mean the Confederations Cup. I’m talking about the current decline in Brazilian equity prices – somewhat...
View ArticleAndrew Ross Sorkin’s book list
Pretty good book list by Dealbook editor Andrew Ross Sorkin. At this rate, if you have read even 20% of the books I’ve posted here (indirectly) in “reading list” posts, I can say you are a better...
View ArticleA reminder and a follow-up
Joseph Calhoun of Alhambra Capital in the US reminds us of the basics of Value Investing, in a quick post with some funny moments (see below). Worth the read if only for the laugh. The follow-up...
View ArticleGun-to-the-head decision on “buying Brazil”?
I’ve thought about not writing to comment the latest bullish posts on “Brazil” by the otherwise interesting blog Reformed Broker. In one post, he argues that if he had a gun to his head to pick one...
View ArticleThe other side of the blame game
Probably the most re-tweeted and linked-to article today, this piece by Jason Zweig called “Plenty to Blame for High-Pressure Hedge-Fund Culture” rings a major bell with me: the (ir)responsibility of...
View ArticleDon’t panic, but don’t believe the hype either
Two years ago the S&P downgraded the credit rating of the United States sovereign debt, triggering a global equities sell-off and motivating me to write a long post called “Don’t panic“. In it I...
View ArticleFarnam St. blog and Mauboussin
It’s been a while since my last post and the explanation is simple: earnings season, a perfect occasion to test hypotheses and reconnect with contacts in the industries we cover – but also a perfect...
View ArticleDon’t take your eyes off the… processes!
Great timing by this article, called “Why Investment Performance Is a Distraction”, highlighted with “Quote of the Day” honors at Abnormal Returns. A few days ago we at Edge Investimentos received good...
View ArticleInnovation and competition
As long-term investors, we are always trying to understand where the companies we cover are competition-wise. There are many different “tools” and “frameworks” to assess competitive aspects between...
View ArticleIllusions, or magic, as a catalyst for creativity
The things you stumble upon on TV nowadays… can actually be quite interesting! I left the TV on as I worked on a worksheet and CNN announced an Talk Asia interview with illusionist Franz Harary. Sure...
View ArticleValue generation in flat/down markets
Very interesting post today by The Brooklyn Investor showing, with real-life examples, what great CEOs or investors (or someone who’s both in the case of Warren Buffett) can do to generate value for...
View ArticleLive tweets: HBR webinar on risk management
I am tweeting tidbits from a HBR Webinar by Bob Kaplan called Building the better framework to manage risk. You can also follow the hashtag #HBRwebinar.
View ArticleFailure is always an option
Very quick read at aksblog called “Failure is The Most Likely Option“. Even though I am an engineer, and even though I am keeping track of US healthcare developments to help my study of Brazilian HC...
View Article
