Intro

This chapter delves into the journey of an investment expert transitioning from a successful fund in Brazil to establishing his own firm focused on North America and Europe. Key themes include the founder's mindset, management team evaluation challenges, and a look at specific investment opportunities, emphasizing risk management in volatile markets.

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Episode notes

On today’s episode, Clay is joined by Cristiano Souza to discuss his three primary criteria in identifying an excellent business.

Cristiano Souza is the founder of Zeno Equity Partners, a firm he started in 2022 after spending 28 years at Dynamo. From 1994 through 2015, he was on the team that managed the Dynamo Cougar fund, which invested in high-quality equities in Brazil. During that time, the fund compounded at 24% per year in US dollar terms.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:33 - The three things that Cristiano looks for in a business.

13:43 - What the Founder’s Mindset is, and why it is so difficult to find.

18:53 - Why Cristiano believes that LVMH has a significant opportunity to continue to grow.

33:53 - The mistakes Cristiano has made in assessing management teams.

39:57 - Why Linde PLC is a core position in Christiano’s portfolio.

51:17 - Why AppFolio is well-positioned to continue growing in the property management space.

And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Cristiano’s firm: Zeno Equity Partners.
Book mentioned: Mastery by Robert Greene, The Nvidia Way by Tae Kim.
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