Archive - Quipus Capital

3 Cheap Chinese Chemicals

Potential quality and certain deep value in Chinese specialty chemicals

Aug 17

US deficits: much more than manufacturing

Analyzing the exposure of the US to its own trade deficits, going well beyong manufacturing and jobs, into credit, demand and productivity.

Aug 3

July 2025

Salmon industry update

Recapping the cycle and developments of the most profitable fish in the sea.

Jul 20

2Q25 Portfolio Review

After every quarter, I provide a review of the performance and positions of my two personal accounts (IBKR and Argentina).

Jul 6

June 2025

Where do stock returns come from? A napkin framework.

Distilling down a DCF to its simplest components

Jun 29

Pagseguro and Stone, cheap for a reason?

Economics and prospects of the two large Brazilian POS networks.

Jun 8

May 2025

The road ahead for the Brazilian economy

A comprehensive analysis of labor, inflation, fiscal and monetary policy.

May 18

April 2025

1Q25 and April Portfolio Review

After every quarter, I provide a review of the performance and positions of my two personal accounts (IBKR and Argentina).

Apr 27

Trade and Capital at the Crossroads of War

Global imbalances and the forces that may soon reshape them

Apr 6

March 2025

Chemical Series I: Intro to Chemicals

Basic segmentation, economics, sub-industries and players of the most fundamental and violently cyclical industry.

Mar 30

Abercrombie & Fitch (ANF): more than meets the eye

A GARP company or a falling consumer-discretionary knife?

Mar 9

February 2025

Economics, cycle dynamics, players and plays of the white oil.

Feb 23

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