IP PARTICIPAÇÕES / IP VALUE HEDGE / IP ATLAS
In this Investor Report, we explore the role of efficiency and its importance in business growth and value. That is why, before evaluating any opportunity, we ask ourselves: what kind of efficiency is this company bringing to the world?
IP PARTICIPAÇÕES / IP VALUE HEDGE
In this report we share the details of our investment thesis on Facebook, the media company with the largest reach in history.
IP PARTICIPAÇÕES / IP VALUE HEDGE
In this report we write about Netflix, one of the fund's top holdings. We also comment on how our exposure to Brazilian companies has evolved in recent months.
In this report we write about Charles Schwab, the brokerage industry pioneer. We briefly revisit the company's history, from its origins up to its latest move.
IP PARTICIPAÇÕES / IP VALUE HEDGE / IP ATLAS
In this Investor Report, we explore the role of efficiency and its importance in business growth and value. That is why, before evaluating any opportunity, we ask ourselves: what kind of efficiency is this company bringing to the world?
IP PARTICIPAÇÕES / IP VALUE HEDGE
In this report we share the details of our investment thesis on Facebook, the media company with the largest reach in history.
IP PARTICIPAÇÕES / IP VALUE HEDGE
In this report we write about Netflix, one of the fund's top holdings. We also comment on how our exposure to Brazilian companies has evolved in recent months.
In this report we write about Charles Schwab, the brokerage industry pioneer. We briefly revisit the company's history, from its origins up to its latest move.
IP PARTICIPAÇÕES
In this report, we comment on how we have taken advantage of recent market volatility and on the growing need for selectivity in a market that is increasingly willing to incur on valuation and leverage risk.
IP PARTICIPAÇÕES
In this report, we comment on the investment environment of the last few months and discuss our investment in Charter Communications, an internet and cable TV provider.
IP PARTICIPAÇÕES
The year of 2018 was marked with significant volatility both in the Brazilian and US markets. Great investment opportunities are created in these types of environments. We are pleased with the seeds we have sown and the potential for future returns.
IP PARTICIPAÇÕES
In September, IP celebrates its 30th anniversary. In this Report we share the principles and goals that guide us.
IP PARTICIPAÇÕES
In this Report we discuss our investment in Anheuser-Busch Inbev and give an update on Alphabet (Google).
IP PARTICIPAÇÕES
In this quarter we talk about the investment in Danaher and briefly comment on Panvel (Dimed).
IP PARTICIPAÇÕES
In this quarter we comment on how we have dealt with the recent rapid appreciation of the Brazilian stock market. We also briefly discuss four companies of the portfolio: Panvel, Wells Fargo, Energisa e Amazon. Our miscellaneous section is dedicated to the memory of a great investor and friend, Pedro Damasceno.
IP PARTICIPAÇÕES
In this quarter, we describe in more detail one of our holdings: Alphabet (Google).
IP PARTICIPAÇÕES
In this quarter, we discussed pricing power policies and how its misuse can undermine the sustainability and continuity of a business.
IP PARTICIPAÇÕES
In this quarter, we discussed the main changes in our portfolio and briefly commented on three relevant positions: Itaúsa, Panvel and Wells Fargo.
IP PARTICIPAÇÕES
In this report, we analyze the extraordinary growth of Amazon's retail business.
IP PARTICIPAÇÕES / IP BRAZILIAN EQUITIES
In this quarter, we will give an update of our view on the apparently more benign investment environment in Brazil, as well as the more volatile market abroad and how we have looked to benefit from these.
IP PARTICIPAÇÕES / IP BRAZILIAN EQUITIES
In this quarter, we will comment on some of our main holdings: Panvel, Itaú, Berkshire Hathaway and Oracle. Additionally, we update our perspective on the Brazilian investment and political environment.
IP PARTICIPAÇÕES / IP BRAZILIAN EQUITIES
In this quarter, we discuss some prospects given the current investment scenario in Brazil. Additionally, we comment on the dynamics of our investment team discussions and its importance to minimize and fix mistakes.
IP PARTICIPAÇÕES / IP BRAZILIAN EQUITIES
This quarter, we recount a few reasons that make us excited about the future prospects of the fund amid the depressing news in Brazil. In particular, we highlight two of our invested companies, Berkshire Hathaway and Oracle.
IP PARTICIPAÇÕES / IP BRAZILIAN EQUITIES
In this quarter, we decided to discuss an unusual topic in our report: the incentive aspects behind the shale gas and shale oil boom in the United States.
In the PIPA section, we comment on the four finalists for the 2015 Prize.
IP PARTICIPAÇÕES / IP BRAZILIAN EQUITIES
IP PARTICIPAÇÕES / IP BRAZILIAN EQUITIES
In this Quarterly Report, we reflect on the challenges of protecting and accumulating capital at attractive rates of return in the long term. Furthermore, we discuss the parallels between Itaú Unibanco and Wells Fargo, both investments of the IP-Funds.
As of this quarter, taking advantage of IP-Global's official establishment in London, the IP-Brazilian Equities and IP-Participações Quarterly Report will be published independently from the IP-Global Report.
This hopes to allow both teams to better express their ideas and opinions, and permit readers to fully enjoy the topics highlighted by each team.
We will soon release the IP-Global Report, which in this quarter will include a special edition.
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
In this Quarterly Report, in the IP-Brazilian Equities and IP-Participações section, we look back on the largest acquisition in Berkshire Hathaway's history: Burlington Northern Santa Fe (BNSF).
In the IP-Global section, we comment on the research team's move to London. Additionally, we reflect on the reasons that initially led us to invest in foreign companies.
In the PIPA section, we highlight an interview with Bernard Arnault, CEO of the LVMH Group, to the Financial Times about the Fondation Louis Vuitton.
Furthermore, we discuss the PIPA Online and the four finalists of the Prize featured on the front cover of this report and in exhibition at the MAM-Rio.
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
In this Quarterly Report we address the issue of vertical integration: in what stages of a business should a company participate in? Also mentioned is the crossroads which lies ahead for Brazil and how we have prepared for it.
In the IP-Global section, we discuss paradoxes often found in investment management. Furthermore, we discuss relevant aspects of Amazon's case in juxtaposition to Google's.
In the PIPA section, we introduce the finalists of the fifth edition of the PIPA Prize, which has been established as the main award for contemporary art in Brazil.
Furthermore, we feature Berna Reale, author of the work in the cover of this report, and whose career was spurred by the award.
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
It is with great pleasure that we present the new IP logo and the redesigned Quarterly Report.
In the IP-Brazilian Equities section we discuss the strategy of buying back shares when the prices are attractive, which is common amongst several of the companies we invest in.
In the IP-Global section we reflect on the importance that patterns and switching costs have for some companies in the portfolio.
In the PIPA section, we look at the schedule for the fifth edition of the prize. We also introduce Cadu, the winner of the PIPA Prize 2013 and the artist responsible for the cover of this Report.
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL
VBF / IP BRAZILIAN EQUITIES / IP GLOBAL