Index

David Teniers the Younger - Archduke Leopold William in his Gallery at Brussels - Google Art Project

This is a content-based index of my articles by industry, country, or topic.

For a chronological order, please visit the Archive.

Industry analysis

General

A Basic Framework for Growth Stocks and Industries.

A Framework For The Cyclical Industries

Financials

Brazilian Banks Primer

Brazil Capital Markets Primer

XP: the leading Brazilian retail broker

Pagseguro and Stone, cheap for a reason?

Consumer defensive

Brazil Education Primer

Industrials

Mexico Industrials: Bird's-Eye View

Chemical Series I: Intro to Chemicals

Olefins Primer Series 1: Intro

Olefins II: Big Oil & China, the cycle disruptors

Olefins Primer III - LyondellBasell & Dow

Four Japanese Chemical Small Caps

3 Cheap Chinese Chemicals

Capital-spread businesses: the Localiza example

US Trucking Primer I: Cycle basics

US Trucking Primer II : Truckload Carriers Overview

Commodities

Suzano + Pulp and Paper Primer

Suzano + Pulp and Paper Primer Annex

Lithium primer

Lithium review - 4Q25

Lithium majors: an asset by asset profitability analysis

Salmon farming: a story of rent and capital

Salmon industry update

LatAm Food Products: Bird's Eye View

Plowing Through Pitfalls: 44 Global Agriculture Nanocaps Best Left Unnoticed

Consumer discretionary

Value hunting in apparel retailing.

Apparel Series II: Retailer Pitfalls

Apparel III: Apparel Manufacturers and Fashion

Apparel Series IV: Company reviews

Footwear primer (and US companies)

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

Technology

IT Sector Overview

Secular trends

US deficits: much more than manufacturing

Trade and Capital at the Crossroads of War

China’s Model: Doomsday or Escape Velocity?

Country-based

Brazil

A Short Primer on Investing in Brazilian Stocks

Brazilian Banks Primer

Brazil Capital Markets Primer

XP: the leading Brazilian retail broker

Brazil Education Primer

The road ahead for the Brazilian economy

Brazil monetary and credit cycle review

China

China’s Model: Doomsday or Escape Velocity?

3 Cheap Chinese Chemicals

Olefins II: Big Oil & China, the cycle disruptors

Mexico

Mexico's Nearshoring Intro

Mexico Industrials: Bird's-Eye View

Argentina

Don't Let Milei's Mania Blind You: Argentina's Economy Faces Critical Challenges

Chile

Chile 2025 Primer: will Chile return to the fold?

Japan

Four Japanese Chemical Small Caps

Philosophy of investing

Where do stock returns come from? A napkin framework.

Stock markets are the enemy of investors

The epistemology of value investing

A dog investment recognition method

Portfolio reviews

4Q25 Portfolio Review

3Q25 portfolio review

2Q25 Portfolio Review

1Q25 and April Portfolio Review

4Q24 Portfolio and Idea Review

Show me the money!