Igor Cornelsen has been receiving a lot of attention recently. He’s one of the best financial minds in the world. And unlike many people in his position, he’s not trying to keep all of his methods or insight to himself. Instead, Cornelsen is notable for being very honest about how he sees the economy. One of the most significant examples of this came from some comments he’s made about the nature of Brazil’s economy.
The Brazilian banking genius noted that people need to properly understand the bare bones nature of any financial situation before they invest. But he also realized that this can be difficult to do with a financial climate as complex as what Brazil is currently going through.
One of the most important insights that he had to share concerned manufacturing. Cornelsen has stated that the Brazilian currency has been overvalued for years. But he also notes that recent bureaucratic changes are going to bring about a continual movement away from this. Instead, the currency will become more intertwined with real world goods. In practical terms, Cornelsen believes this means that the manufacturing sector in Brazil will become more and more valuable over time.
However, he cautions that this might be somewhat tempered by China. The country has very close ties to Brazil. And, of course, China has a vast infrastructure tied to manufacturing. Again though, Cornelsen places emphasis on the natural resources and industry within Brazil. He brings up an important point that China still has a heavy need of raw materials. And Brazil is in a perfect place to be able to provide those materials. He has great hope for the economy of Brazil and China to be linked together.
He also stressed the importance of studying any company that one is interested in. There’s some tells which suggest that a company might have some skeletons in its closet. Cornelsen suggests that one of the best ways to tell a company is in trouble is to see if they have trouble keeping their top people. If the people at the top are jumping ship, he suggests that the company itself might be getting ready to sink.
He’s shown himself to be both willing and able to help investors understand the often complex economy of Brazil and this is sure to continue in the future.