Brazil Value Talks: Ric Reich
Multiplied Invested Capital by 3x in 4 Years
Today I have the pleasure of interviewing Brazilian investor Ric Reich.
From December 2019 to May 2024 his historic performance will be the envy of anyone.
His portfolio returned more than 178.53% in the period, versus 9.86% for Ibovespa.
He multiplied the invested capital by 3x!
This guy knows how to generate real value.
Shall we meet him?
BS: Ric, could you tell us a little about yourself?
RR: In the last year of economics college, while my father was fighting cancer, I discovered the financial market and it was love at first sight.
The market is the most meritocratic environment I have ever experienced: either you are good and make money, or you are bad and lose. You can't blame anyone but yourself. Furthermore, exploring a new universe helped me a lot to think about positive things in a difficult time.
After graduation, I worked as an AAI at XP, but I only lasted 3 months. It is an ultra-commercial activity, and the most important attribute is being a good salesperson. After the disappointment, I sent my resume to all the assets in Brazil, but no one responded.
Today, my goal is to teach Brazilians how money works. The level of financial education in the country is sad, that's why I decided to create content. I recently canceled my CNPI so I could trade on the stock exchange without bureaucracy.
BS: What is your strategy for making money on the stock market?