Brazil Value Talks: Patrick Pasek (TC - Transparent Account)
Multiplied Invested Capital by 2x in 2 Years
Today I have the pleasure of interviewing Brazilian investor Patrick Pasek.
From April 2023 to August 2024 his historic performance will be the envy of anyone.
His portfolio returned more than 132.83% in the period, versus 21.66% for Ibovespa.
He multiplied the invested capital by 2x!
This guy knows how to generate real value.
Shall we meet him?
BS: Patrick, could you tell us a little about yourself?
PP: Well, my name is Patrick, Patrick Pasek. I'm 28 years old, I have a law degree, yes, a law degree, because I never took the OAB exam, lol.
This was actually the subject of a lot of arguments at home. I was raised in a family where it was impossible not to have a degree, not to be educated. Thank God, I had the opportunity to study at a great college. I followed the path of my mother, who is a lawyer and had a law firm. I believed that was what I wanted for my life.
And, in fact, it was.
However, when I got into the day-to-day routine of the profession, I realized that I didn't fit into the monotony of the routine. Basically, a lawyer spends his time copying and pasting documents. I always considered myself too dynamic, curious and active for that. I loved Law, the content itself, and I loved participating in meetings with clients and discussing cases. But, there came a time when I didn't see myself doing that for the rest of my life.
I already had some interest in the financial market. I had already bought some shares. I joke that I considered myself a "fundamentalist", because the first share I bought was from Azul. I decided this because, when I flew with Azul, I thought it was better than flying with Gol. So, in my head, the company was better, and that's why I should invest in it. Of course, over time, I learned that there are other factors to consider, such as cash generation, profit, EBITDA, among others.
Patrick is like that: an extremely curious and, at the same time, undisciplined young man, who is learning day by day, in this marathon that is the financial market, to be more disciplined. I usually say that discipline is not a characteristic present in an individual, I see discipline as a momentary state.
No one is disciplined, the person IS disciplined in a certain area.
BS: What is your strategy for making money on the stock market?