Nos dedicamos exclusivamente à gestão de fundos de ações, seguindo uma filosofia de investimento baseada em valor, com o objetivo de gerar retornos significativos a longo prazo.

“The man who does not read great books has no particular advantage over the man who cannot read them.”

“The man who does not read great books has no particular advantage over the man who cannot read them.”

"You miss 100% of the shots you don't take"

"You miss 100% of the shots you don't take"

"Some people are more certain of everything than I am of anything"

"Some people are more certain of everything than I am of anything"

Beware of little expenses; a small leak will sink a great ship.

Beware of little expenses; a small leak will sink a great ship.

"A fool and his money are soon invited everywhere.”

"A fool and his money are soon invited everywhere.”

"Without the possibility of short-term pain, there can be no long-term gain"

"Without the possibility of short-term pain, there can be no long-term gain"

"Risk means more things can happen then will happen"

"Risk means more things can happen then will happen"

"The intelligent investor is a realist who sells to optimists and buys from pessimists."

"The intelligent investor is a realist who sells to optimists and buys from pessimists."

"If you are not willing to own a stock for ten years, do not even think about owning it for ten minutes."

"If you are not willing to own a stock for ten years, do not even think about owning it for ten minutes."

"You make most of your money in a bear market; you just don’t realize it at the time."

"You make most of your money in a bear market; you just don’t realize it at the time."

"Markets can remain irrational longer than you can remain solvent."

"Markets can remain irrational longer than you can remain solvent."

"The stock market is a giant distraction to the business of investing."

"The stock market is a giant distraction to the business of investing."

"It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

"It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

"Money is made by sitting, not trading."

"Money is made by sitting, not trading."

"In investing, what is comfortable is rarely profitable."

"In investing, what is comfortable is rarely profitable."

“If you do not know who you are, the stock market is an expensive place to find out.”

“If you do not know who you are, the stock market is an expensive place to find out.”

“The greatest obstacle to discovery is not ignorance – it is the illusion of knowledge”

“The greatest obstacle to discovery is not ignorance – it is the illusion of knowledge”

"Without data you are just another person with an opinion"

"Without data you are just another person with an opinion"

“Rules are for the blind obedience of fools and guidance of wise men".

“Rules are for the blind obedience of fools and guidance of wise men".

“If you don’t cannibalize yourself, someone else will.”

“If you don’t cannibalize yourself, someone else will.”

"I would not give a fig for the simplicity this side of complexity, but I would give my life for the simplicity on the other side of complexity"

"I would not give a fig for the simplicity this side of complexity, but I would give my life for the simplicity on the other side of complexity"

"1 - Do your work; 2 - Don't trust anyone over 30; 3 - Don't trust anyone 30 or under"

"1 - Do your work; 2 - Don't trust anyone over 30; 3 - Don't trust anyone 30 or under"

"It's better to be lucky than good, but of course appropriate to aspire both"

"It's better to be lucky than good, but of course appropriate to aspire both"

If you can't explain it to a six-year-old, you don't understand it yourself.

If you can't explain it to a six-year-old, you don't understand it yourself.

“I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.”

“I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do.”

“It’s not supposed to be easy. Anyone who finds it easy is stupid.”

“It’s not supposed to be easy. Anyone who finds it easy is stupid.”

“There is nothing reliable to be learned about making money. If there were, study would be intense and everyone with a positive IQ would be rich.”

“There is nothing reliable to be learned about making money. If there were, study would be intense and everyone with a positive IQ would be rich.”

"If we decide we are wrong about something, we exit. Period."

"If we decide we are wrong about something, we exit. Period."

"It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."

"It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."

"The man who does not read great books has no particular advantage over the man who cannot read them."

"The man who does not read great books has no particular advantage over the man who cannot read them."

"Some people are more certain of everything than I am of anything"

"Some people are more certain of everything than I am of anything"

"Some people are more certain of everything than I am of anything"

"Some people are more certain of everything than I am of anything"

"There is nothing reliable to be learned about making money. If there were, study would be intense and everyone with a positive IQ would be rich."

"There is nothing reliable to be learned about making money. If there were, study would be intense and everyone with a positive IQ would be rich."

"It’s not supposed to be easy. Anyone who finds it easy is stupid."

"It’s not supposed to be easy. Anyone who finds it easy is stupid."

"It's better to be lucky than good, but of course appropriate to aspire both"

"It's better to be lucky than good, but of course appropriate to aspire both"

"1 - Do your work; 2 - Don't trust anyone over 30; 3 - Don't trust anyone 30 or under."

"1 - Do your work; 2 - Don't trust anyone over 30; 3 - Don't trust anyone 30 or under."

"The desirability of a business with outstanding economic characteristics can be ruined by the price you pay for it. The opposite is not true"

"The desirability of a business with outstanding economic characteristics can be ruined by the price you pay for it. The opposite is not true"

"Most decisions should be made with 70% of the information you wish you had."

"Most decisions should be made with 70% of the information you wish you had."

"There’s no silver bullet in investing, you just have to think it through. Every time."

"There’s no silver bullet in investing, you just have to think it through. Every time."

"Without data you are just another person with an opinion."

"Without data you are just another person with an opinion."

"If you do not know who you are, the stock market is an expensive place to find out."

"If you do not know who you are, the stock market is an expensive place to find out."

"Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it."

"Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it."

"One risk-related consideration should be paramount above all others: the ability to sleep well at night, confident that your financial position is secure whatever the future may bring."

"One risk-related consideration should be paramount above all others: the ability to sleep well at night, confident that your financial position is secure whatever the future may bring."

"I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do."

"I never allow myself to have an opinion on anything that I don’t know the other side’s argument better than they do."

"More money has been lost reaching for yield than at the point of a gun"

"More money has been lost reaching for yield than at the point of a gun"

"What is right is not always popular and what is popular is not always right."

"What is right is not always popular and what is popular is not always right."

"Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious (...) Projections in America are often a lie, although not an intentional one, but the worst kind because the forecaster often believes them himself."

"Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious (...) Projections in America are often a lie, although not an intentional one, but the worst kind because the forecaster often believes them himself."

You can't make a good deal with a bad person

You can't make a good deal with a bad person

More money has been lost reaching for yield than at the point of a gun

More money has been lost reaching for yield than at the point of a gun

What is right is not always popular and what is popular is not always right.

What is right is not always popular and what is popular is not always right.

Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.

Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.

Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious (...) Projections in America are often a lie, although not an intentional one, but the worst kind because the forecaster often believes them himself.

Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious (...) Projections in America are often a lie, although not an intentional one, but the worst kind because the forecaster often believes them himself.

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections.

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections.

The chains of habit are too light to be felt until they are too heavy to be broken.

The chains of habit are too light to be felt until they are too heavy to be broken.