Igor Cornelsen is a graduate of the Federal University of Parana where he earned an economics degree in 1971. He spent the next 24 years working as an executive in the banking industry. Banks he led include Multibanco, Unibanco, Standard Chartered Bank, and Libra Bank.
He began investing for himself. First limited to the Brazilian stock market, he started investing internationally once he was paid in U.S. dollars. He was highly successful as an investor and used his skills to open Bainbridge Investments in 1995. He manages his client’s money using strategies that he has developed over the past 30 years.
Igor Cornelsen advises that investors should be looking for damaged stocks, not damaged companies. If you invest in damaged companies you will lose money over time. Damaged stocks, though, are good companies whose stocks are under-valued. He buys these stocks and once the value is back up to where it “should be,” he sells and invests in the next damaged stock.
With the largest economy in Latin America, Brazil has experienced booms and busts over the past several decades. In recent years, the Brazilian government has introduced reforms that have brought more stability to the economy. It is one of the world’s biggest exporters of agricultural products. It is also a major oil producer and has other industries that are doing well.
He has recommendations for people that want to invest in Brazilian companies that have a good outlook. Igor Cornelsen says one of these is Netshoes. It is an e-commerce sporting goods company that just recently held its initial public offering. Millions of Brazilians still don’t have internet access so as that changes Netshoes is bound to acquire more customers. He says that while the company’s stock is currently quite volatile, over the long term it presents a great opportunity for investors.