Brazilian Billionaire: “When It’s Bad, I Buy”

Luiz Alves Paes de Barros has made a killing by “wagering on stocks almost no one else seemed to want,” says a recent Bloomberg article. The sixty-nine-year-old is known as the “anonymous billionaire” for his under-the-radar but hugely successful investments. Most recently, during one of the worst recessions in Brazil’s history, his company Alaska Investimentos Ltda. bet big on the floundering retailer Magazine Luiza SA which, according to the article, “has surged more than 1,000… Read More