Gustavo Ballvé on June 20th, 2013
Food for thought, Home, Investment Themes, Mental models, Portfolio Management, Risk management, Signal or Noise

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 selective, yes, but it is starting to generate interesting opportunities.

In times like these we are always reminded of the power of Cash, that benevolent King, and this post about Seth Klarman’s 2010 letter has great tidbits on the subject. But I’d like to highlight a longer post called Don’t Panic.

Finally, a quick comic relief in Portfolio Management and Cycles.

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