Thread by @THIAGOSALOMAO

[MINI THREAD - Entrevista do Gustavo Daibert, da Bahia Asset, à Bloomberg]

Duas coisas muito legais que o gestor do Bahia Marau (fundo que eu sou cotista e que teve uma abertura relâmpago na Rico e na XP semana passada) disse numa entrevista à Bloomberg:

1)
i) potencial da bolsa brasileira por uma simples conta aritmética:

'The country’s equity risk premium -- the implied excess return for investing in shares over risk-free assets – is trading around 5.5% versus its historical average of slightly below 4%, according to Daibert.

2)
Assuming a scenario with real interest rates around 4%, stocks may gain another 20% by year-end to about 120,000 points on the Ibovespa benchmark index, he said. “The stock market has become much more attractive in comparison with other domestic assets,” Daibert said.

3)
ii) problema do Brasil hj não é juros, é confiança:
“Exaggerating a bit, even if rates had been at zero for the past three months, I still believe growth wouldn’t have been so different from what we’re seeing now,” Mendes said in the interview....

4)
“Brazil has a confidence problem, not a monetary one. Brazil isn’t doomed to an eternal growth of 1%.”