We wanted to highlight the improvements in the local ownership culture/ corporate governance in Brazil. While not all Novo Mercado companies have behaved the same way, owners like Odontoprev’s Randal Zanetti are the best thing that could have happened to the Brazilian capital markets in the last 5-10 years. There have always been owners and manager-owners such as those of Saraiva, Lojas Renner and others, but it’s always important to remember these more recent cases.
We’re at the Rio Investors Day event and so far the attendance has been rather good for an event that was put together quickly. We’re not “live-blogging” experts nor do we intend to emphasize short-term messages and official company management speech – it’s a matter of coincidence that two interesting events were held so close to each other. And yet, attending these events is both necessary and interesting once one escapes the “soundbite trap” and filters some signal from the noise – be it behavioral or analytical (in 99.9% of the cases, one can’t find informational edge in these events).
Just for completeness’ sake, we put together our own two posts on last week’s major topic, the 2011 Ira Sohn investment conference – along with two other posts we liked. Nothing you read neither here nor elsewhere should persuade you to take any action other than “study further” or “pass”.
Very good event as usual. Jim Chanos was a blast with a presentation on Solar and Wind power, but the highlight so far was the presentation by a student who won the first Ira Sohn Investment Case Contest. The winner presented his long case on Bridgepoint Education, already up 12% on the news. Sure, the […]
The Financial Times had a very interesting article about the differences between Chinese and Brazilian business cultures – and why it’s important that Brazilians learn about the other side, quickly. Also, Brazilian magazine Veja had a special on Amazon.com finally entering Brazil, initially via the book market. That they plan on doing so stimulating e-books for Kindle reveals challenges and opportunities for local publishers.