Gustavo Ballvé on April 29th, 2013

The CEO of AIG’s Americas Property & Casualty area leaves and takes 3 other senior executives with him. The surprise is that they were hired by Berkshire Hathaway’s Ajit Jain to build a P&C unit there. Very interestingly, Mr. Eastwood mentions that in time he may seek opportunities for Berkshire outside the US. Now even more interesting for us Brazilians is that one of the executives that join Mr. Eastwood at Berkshire is Sanjay Godhwani, who was the P&C president for Latin America and the Caribbean. Hmmm…

Read more about Berkshire hires four from AIG

Gustavo Ballvé on April 24th, 2013

The Financial Times had an interesting story on Brazil’s struggling “elected champions”. What seems to start off as another piece on Eike Batista’s woes is, thankfully and much more relevantly, a report on the federal government’s rising interventionism.

Read more about Brazil’s “champions”

Gustavo Ballvé on April 22nd, 2013

A story about the supposed elegance of Doom 3’s source code in an investing blog? Consider it an article about Logic and I hope you’ll forgive my interruption. Or: a well-researched idea presented in a mess of redundant/irrelevant noise loses a bit of its power. Or even: when you have to find that useful bit of information you so badly need in the middle of this proverbial “haystack”, won’t you then wish for a more organized, elegant file/ system?

Read more about The beauty in Doom 3’s code

Gustavo Ballvé on April 17th, 2013

What happened at Boston on Sunday affected me immensely. As this brilliant article by Bruce Schneier at The Atlantic argues, however, “When we react from fear, when we change our laws and policies to make our country less open, the terrorists succeed, even if their attacks fail. But when we refuse to be terrorized, when we’re indomitable in the face of terror, the terrorists fail, even if their attacks succeed.”

Read more about Boston: keep calm and carry on

Gustavo Ballvé on April 15th, 2013

This Fortune post about Warren Buffett supposedly ditching his usual playbook, now that Bernardo Hees is set to be Heinz’s new CEO, is just another example of people just not getting 3G’s/Lemann’s/AmBev’s way. Replacing the CEO with someone from the usual team should have been expected from day one – and is an integral part of this whole deal. Another interesting mistake is the insistence in looking at this as a Buffett deal.

Read more about 3G/Heinz: people still don’t get it…

Gustavo Ballvé on April 8th, 2013

Salon.com has a pretty good interview with Jim Chanos. He mentions some of the frameworks he uses, his influences and his focus on incentives. What he has to say about the current system of incentives in the US capital markets should be interesting to everyone.

Read more about Interview with Jim Chanos

Gustavo Ballvé on April 1st, 2013

Interesting article about Carl Icahn at Forbes.com. It certainly mentions Herbalife and Netflix, but it also mentions Icahn’s older investments and his listed company. It’s also a nice reminder about the benefits of permanent capital – if you’re a super-investor…

Read more about Carl Icahn profiled by Forbes

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