Index

This is a content-based index of my articles by industry, country, or topic.

For a chronological order, please visit the Archive.

Industry analysis

• Apparel

  • Apparel I: Intro to the main competitive dynamics of the industry like fragmentation, subjective focus, business models, and risks.

  • Apparel II Retailers Primer: How retailers compete, why it’s different from manufacturing, specific challenges and pitfalls.

  • Apparel Manufacturers Premier: Role of fashion in society, intangible management of the apparel brand, segmentation, and risks.

  • Apparel IV US Company Analysis: Short analysis of more than 30 US apparel retailers and manufacturers.

• Commodities

  • Salmon Farming Intro: Industry and its rent dynamics.

  • LatAm Food Company Analysis : 10 Latin American companies in food and agriculture.

    • Brazilian meatpackers: JBS, Minerva, and BRF.

    • Farmers: Cresud, Brasilagro, SLC, and Adecoagro.

    • Packaged Food: Gruma, Herdez and Nutresa.

  • Plowing through pitfalls: 44 uninteresting nanocap agriculture companies.

• Financials

  • Brazilian Banks Primer: Competitive structure of one of the most profitable banking sectors in the world.

Emerging markets

• Brazil

  • Investing in Brazilian Stocks Intro: How to analyze the Brazilian economy and its effect on Brazilian stocks, how to access the market, interesting sectors.

• Mexico

  • Mexico’s Nearshoring Intro: The position of Mexico in manufacturing supply chains. Opportunities and risks.

• Argentina

  • Don’t Let Milei Mania Blind You: Current challenges faced by Argentina and why I believe the Milei government will end in disappointment for local and foreign investors.

Philosophy of investing

• Epistemology of Value Investing: Challenges of learning in the complex world of investing and why value investing might be the successful approach to the problem.

• Dog Recognition Method: A few easy queues that quickly tell you if the small/micro/nano-cap you are looking at is real or a scam.