Archive - Quipus Capital

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

January 2025

Chile 2025 Primer: will Chile return to the fold?

Economics, politics, and ADRs.

Jan 19

4Q24 Portfolio and Idea Review

Looking back at 2024, looking forward at 2025.

Jan 5

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