Capital Allocators – Inside the Institutional Investment Industry Rodrigo Bitar – Empty Rooms: Investing in Venezuela (Capital Allocators, EP.268)
Aug 29, 2022
Rodrigo Bitar, Co-Founder and Managing Partner of 3B1 Partners, dives deep into Venezuela’s unique investment landscape. He sheds light on how geopolitical challenges, like sanctions, mask significant rewards for those willing to risk it. Rodrigo shares insights on the economic transition from hyperinflation to dollarization and the new opportunities emerging in oil due to global shifts. With a backdrop of personal stories and professional lessons, he emphasizes adaptability and the potential for high-quality investments amidst adversity.
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Bitar's Upbringing
- Rodrigo Bitar's father was imprisoned for a year and exiled for 10 after the 1973 Pinochet coup in Chile.
- Bitar grew up in Venezuela during its most prosperous democratic period, appreciating its stability while aware of political turmoil's potential impact.
Global Perspective
- Bitar chose to stay in the U.S. after business school to gain a global perspective in finance.
- He believed a U.S.-based view offered more innovation and a better understanding of global capital markets.
Family Businesses in Latin America
- Family-owned businesses are more important in Latin America than in the U.S. due to less developed capital markets.
- Families hold significant economic power, dominating even listed companies, making them key partners in the region.