During the last 4 months of 2017 Tarcisio Gomes de Freitas is expected to hold 18 infrastructure auctions, according to the project coordination secretary of the Investment Partnerships Program (PPI).
“18 auctions are planned in the second half of 2017, starting in September. We will continue to work in parallel with the discussions that took place in the Congress,” said Freitas. In order to increase productivity in Brazil, according to Tarcísio Gomes de Freitas, the infrastructure sector demands modernization. “We need to break the vicious cycle that drives away investors and increases unemployment … There is no escape from the concessions, in which we realize many gains. After all, we can not be hostage to the fiscal budget,”, “We have created a hub, articulated with ministries, which seeks to select projects that are truly attractive to the private sector and are succeeding.” said the PPI project coordinator.
Felipe Montoro Jens has reported that in June, when the secretary was questioned by the editorial director of the magazine EXAME, André Lahóz Mendonça de Barros, if the errors committed in recent years in concessions left marks in the decisions taken by foreign investors, Freitas answered citing the presence of international consortia in the auctions held in the PPI, in particular, in the airport concessions, which were held in March.
“I believe it was clear to these investors that the government has left an anti-business line and moved on to a pro-business line with Temer,” added Tarcísio Gomes de Freitas, project secretary for project coordination at the Investment Partnerships Program.
Michel Temer assumed the presidency of the Republic on August 31, 2016 and, during the first year of his administration, PPI held 44 auctions in the area of infrastructure; which bore thought provoking results looking ahead to the future.
The financial sector in Brazil has experienced robust growth in the last three decades because of drastic reforms in the manner in which financial institutions conduct their affairs.
Bradesco is one of the most popular financial institutions in Brazil and its recent success is attributed to the remarkable leadership skills of its current president and CEO, Luiz Carlos Trabuco Cappi. Luiz has been a loyal employee at Bradesco for more than five decades and that is why he is a role model for most upcoming bankers in Brazil. He has seen Bradesco grow from ordinary bank to the second largest financial institution in Brazil. His high position has enabled him to handle many high profile financial and credit operations at the bank.
As a top banking professional, Luiz Carlos Trabuco Cappi has always had the privilege of interacting with some of the top political and business leaders in the country. He is a respected authority in the industry and that is why he is always cited by some of the leading financial newspapers and magazines in Brazil. Bradesco has the second largest market share in the Brazilian banking and financial industry, and this is attributed to the many effective strategies that have been put in place by its top leadership.
Luiz Carlos Trabuco Cappi is one of the longest serving employees at the bank, and this means that he has a good understanding of how most departments at the company operate. He has vast experience in strategic areas such as marketing and private pension but is also knowledgeable on most matters concerning the financial industry. Luiz Carlos Trabuco Cappi made history when he became the youngest ever vice president at the bank at the age of 47. This was not a surprise to Bradesco’s top leadership because Luiz had earned his promotion by performing well in his previous positions.
In addition, his loyalty and commitment to duty made him the most suitable candidate for that position at that time. Bradesco is a large financial institution with various segments that offer a wide range of financial services. Bradesco Seguros is the insurance segment of the bank that was once headed by Luiz Carlos Trabuco Cappi. Luiz managed to grow the segment’s overall profits by 9% after increasing its market share by 2%.
Luiz Carlos Trabuco Cappi attended the University of Sao Paulo where he graduated with a bachelor’s degree in philosophy and a postgraduate degree in socio-psychology. He completed his elementary education in Amador Aguiar, Marília (SP) before moving to Sao Paulo for his University education. He joined Bradesco as a junior clerk in his home town of Marilia where he diligently served at banks agency in the area before moving to Sao Paulo. He is always calm and focused on his responsibilities, and that is why he has been able to rise to the bank’s top leadership. It is very interesting to know that a person that studied philosophy at the university has been able to excel in the banking industry.
Most bankers studied courses like engineering, commerce, accounting, and finance at the university, but Luiz learned a lot of things while on the job. His journey to Bradesco’s top leadership has been remarkable. He was made the banks’ marketing director in 1984 and served in the position for eight years before he was appointed as the head of Bradesco’s private pension segment. Luiz was later appointed as vice president and member of the Bradesco’s board of directors in 1999 before becoming its president in 2003. He has since them made a major contribution towards Bradesco’s current position in the market.
In 2007 the American business magnate and highly lauded investor, Warren E. Buffett took a business bet for charity against a group of serious investors. The contest was conducted thus: both Buffet and his opponents would choose a investment venue and stick with it for a set number of years at the end of which the venue that had accrued the most money would be the winner. Buffett settled on a S & P 500 standard passive index fund where as his opponents decided to invest in numerous different hedge funds. Fast forward to 2017 and the contest is nearing its close; Buffett is bragging and telling his newsletter subscribers that standard passive index funds are the future. That hedge funds are too costly and that they act in a predatory fashion and generally given sub-par returns due to the profit incentive structures.
But are passive index funds really so great and rewarding over the long time frames? One many, in glaring particular, vehemently disagrees with Buffett’s assertions concerning the aforementioned investment strategy.
That man would be none other than another prominent investor and businessman, Timothy Armour, the CEO and Chairman of Capital Group, a immensely successful financial services firm based out of the United States of America. Mr. Armour contents that while Mr. Buffet is correct that standardized passive index funds certainly have a place in any experienced investors portfolio he urges caution when investing in them. Though the capital needed to invest in these funds is relatively low and they are extremely safe investments in a bull market (that is, the current market) they offer absolutely no guarantee of protection to a investor in a time of crisis, in a down market. Timothy Armour can mean absolutely devastating losses from all parties involved, no matter how great the fund or funds happened to be, a market slump – or in the worst case scenario, a collapse – can leave one with a giant ole hole in their wallet and bank account.
To know more visit @ : medium.com/@timarmour