Notes From the Road: Brazil Presents Opportunities Amidst a Sea of Pessimism

Thought Leadership

8 min read | by Rich McCormick and Elijah Crago | Investor pessimism on the ground in Brazil has reached an extreme relative to the past decade – but where negative sentiment exists, there may also be value.  The return to power of a leftist president, anti-business rhetoric, and interest rates back at decade highs have turned many investors away altogether – resulting in some of the lowest valuations in the world.  Upon returning from a recent two-week trip to Brazil, we are excited by the investment opportunities emerging in the country.