LATAM Stocks Podcast

Patrick Flood
  • 1.0 (1)
  • Investing
  • Weekly

In-depth conversations with investors, analysts, and business leaders focused on Latin American companies, markets, and investing.

  1. Oct 27

    Brazil After Lula’s Victory: Fiscal Risks, the Real, and What Comes Next

    Brazil’s election result has put fiscal policy, debt sustainability, and the Brazilian real back at the center of investor attention. In this episode of LATAM Stocks, Patrick Flood speaks with Dr. John Welch about the market reaction to Lula’s victory and the broader macroeconomic backdrop facing Brazil. The discussion covers the deterioration in fiscal balances, the risk of a Dilma-style pain trade, the limits of political reform, and the pressure that high interest rates and weakening fiscal credibility can place on economic growth. John also explains one of the episode’s most interesting points: why Brazil’s external balance sheet can actually give the government a capital gain when the BRL weakens. The episode closes with a discussion of fiscal dominance, which sectors may experience economic stress first, misconceptions about Brazil's dependence on commodity prices, and the warning signs investors should monitor in the coming months. Connect with John Welch LinkedIn: https://www.linkedin.com/in/john-h-welch-446904126/ Follow LATAM Stocks X / Twitter: https://twitter.com/LatamStocks LinkedIn: https://www.linkedin.com/in/patrick-flood-cfa-26869140/ YouTube: https://www.youtube.com/channel/UCfxab3g3tXj9fd5kyOQ8u4A Substack: https://latamstocks.substack.com/ Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice. The views expressed are those of the participants.

    Brazil After Lula’s Victory: Fiscal Risks, the Real, and What Comes Next

  2. Oct 26

    Brazilian Stocks, Rede D’Or & Finding Value in Emerging Markets

    In this episode of LATAM Stocks, Mathias Althoff, Co-Head of Emerging & Frontier Markets and Senior Portfolio Manager at Evli, joins Patrick Flood to discuss investment opportunities in emerging and frontier markets, with a particular focus on Brazil. Mathias explains how the fund identifies overlooked companies offering attractive growth prospects, strong business fundamentals, and compelling valuations. The conversation covers portfolio construction, country selection, currency and political risks, and the challenges of investing in markets with limited analyst coverage. The discussion then turns to Brazil, examining how high interest rates, election uncertainty, and a complicated business environment can create opportunities for bottom-up stock pickers. A substantial portion of the conversation focuses on Rede D’Or (RDOR3), one of the fund's larger investments. Mathias discusses its hospital network, SulAmérica insurance business, pricing power, scale advantages, expansion opportunities, and the risks to its long-term investment thesis. The episode concludes with a broader discussion of emerging markets, balance sheet discipline, and the opportunities international investors may be overlooking. Guest Links Mathias Althoff — LinkedIn: https://www.linkedin.com/in/mathiasalthoff/ Evli: https://www.evli.com/en/company/about-us Follow LATAM Stocks X / Twitter: https://twitter.com/LatamStocks YouTube: https://www.youtube.com/@LatamStocks LinkedIn — Patrick Flood, CFA: https://www.linkedin.com/in/patrick-flood-cfa-26869140/ Newsletter — LATAM Stocks: https://latamstocks.substack.com/ Disclaimer: This podcast is for informational and educational purposes only and does not constitute investment advice. Views expressed by guests are their own. Investors should conduct their own research and due diligence.

    Brazilian Stocks, Rede D’Or & Finding Value in Emerging Markets

  3. Oct 19

    Brazil's Crypto Market: Bitcoin Treasury Companies, Stablecoins & What's Next

    Alexandre Vasarhelyi, Founding Partner of B2V Crypto, joins LATAM Stocks to discuss Bitcoin, cryptocurrency investing, and the evolution of digital asset markets in Brazil. Alexandre draws on decades of experience in traditional financial markets to explain his Bitcoin investment thesis and how B2V approaches active cryptocurrency management. We spend considerable time discussing Strategy's preferred stocks, particularly STRC and STRK, their credit risks and valuations, and Michael Saylor's approach to financing Bitcoin acquisitions. We also explore Brazil's adoption of dollar stablecoins, the potential for yield-bearing digital dollars, institutional cryptocurrency investing in Latin America, and new opportunities involving artificial intelligence, decentralized finance, and tokenization. Guest: Alexandre Vasarhelyi — Founding Partner, B2V Crypto LinkedIn: https://www.linkedin.com/in/alexandre-vasarhelyi-cga-30850636/ Company: https://b2vcrypto.com.br/ Follow LATAM Stocks: X / Twitter: https://twitter.com/LatamStocks YouTube: https://www.youtube.com/@LatamStocks LinkedIn: https://www.linkedin.com/in/patrick-flood-cfa-26869140 Newsletter: https://latamstocks.substack.com/ Nothing discussed in this podcast should be considered investment advice. Please do your own due diligence.

    Brazil's Crypto Market: Bitcoin Treasury Companies, Stablecoins & What's Next

  4. Sep 29

    Bradesco: The Next Leg of Brazil’s Banking Cycle | Ilan Arbetman

    What does the next phase of Brazil’s banking cycle look like for Bradesco? In this episode of the LATAM Stocks Podcast, Patrick Flood, CFA speaks with Ilan Arbetman, CFA, Head of Research at Ativa Investimentos, about Brazilian equities and takes a deep dive into Bradesco. They discuss Brazil’s broader equity-market environment, foreign investor flows, the country’s credit and delinquency cycle, and how Bradesco is positioning itself for the next phase of the banking cycle. The conversation also covers Bradesco’s exposure to Brazil’s middle-income consumer, changes in lending standards and credit underwriting, profitability and valuation, opportunities to improve efficiency, and how the bank compares with other major Brazilian financial institutions. Patrick and Ilan also examine Bradesco’s insurance and healthcare businesses, including the importance of insurance to the group’s earnings and the strategic and capital implications of recent changes to the business. Guest: Ilan Arbetman, CFA Head of Research — Ativa Investimentos Ilan on LinkedIn: https://www.linkedin.com/in/ilan-arbetman/ Ativa Investimentos: https://www.ativainvestimentos.com.br/ Follow LATAM Stocks: X / Twitter: https://x.com/LatamStocks YouTube: https://www.youtube.com/@LatamStocks LinkedIn: www.linkedin.com/in/patrick-flood-cfa-26869140 Newsletter: https://latamstocks.substack.com/ Nothing discussed in this podcast should be considered investment advice. Please do your own due diligence.

    Bradesco: The Next Leg of Brazil’s Banking Cycle | Ilan Arbetman

  5. Sep 22

    Why Brazilian Investors Still Prefer Fixed Income | Danilo Ardenghi, Mais Retorno

    Brazil has roughly R$11 trillion invested across its fund industry, but the way Brazilians allocate capital looks very different from the traditional stock-and-bond portfolios familiar to many U.S. investors. Danilo, founder and CTO of Mais Retorno, joins the podcast to explain Brazil's fund industry, why CDI and fixed-income products dominate investor portfolios, and why equities face such a high hurdle when short-duration investments offer attractive yields. We also discuss Brazil's emerging ETF market, changes in financial-advisor compensation, the potential impact of lower interest rates on investor behavior, and Danilo's own approach to investing in Brazilian banks, insurance companies and commodity producers. Find Danilo on X: https://x.com/daniloardenghi Mais Retorno: https://maisretorno.com _______________________________________________________ Interested in business and investing in Latin America? Join the LATAM Stocks community: X / Twitter: https://x.com/LatamStocks YouTube: https://www.youtube.com/@LatamStocks LinkedIn: https://www.linkedin.com/in/patrick-flood-cfa-26869140/ Newsletter: https://Latamstocks.substack.com

    Why Brazilian Investors Still Prefer Fixed Income | Danilo Ardenghi, Mais Retorno

  6. 03/03/2025

    Early Stage Venture Capital in Latin America with Ivan Montoya

    In this Episode I speak with Ivan Montoya. Ivan is the founder and managing director of NuMundo Ventures, a pre-seed & seed stage venture capital fund focused entirely on Latin America. We discuss the current state of Venture Capital in Latin America, the challenges and opportunities the region presents, NuMundo's "LATAM Early Stage 100" list, and towards the end we dig into a few of NuMundo's portfolio companies. If you want to connect with Ivan and follow his work you can find him on LinkedIn: LinkedIn: https://www.linkedin.com/in/ivanmontoya1/ And if you want to learn more about NuMundo and the "LATAM Early Stage 100" list, you can find the link to their website and the list here: LATAM Early Stage 100 list: https://numundoventures.com/latam-early-stage-100/ ______________________________________________________________ If you are interested in Business and Investing in Latin America, Join the LATAM Stocks Community! Twitter/X: https://twitter.com/LatamStocks Youtube: https://www.youtube.com/@LatamStocks     LinkedIn:  https://www.linkedin.com/in/patrick-flood-cfa-26869140/    And sign up to our free newsletter to receive investment overviews of the most interesting public companies in Latin America! https://latamstocks.substack.com/

  7. 02/17/2025

    El Salvador & Panama - Economic & Investment Outlooks with Alejandro Cifuentes

    In this episode I speak with Alejandro Cifuentes, the Chief Investment officer at MMG Bank in Panama.  this is a wide ranging discussion on the economies and investment landscapes in Panama and El Salvador. We touch on Panama's Cobre Copper Mine, the geopolitical situation with the panama canal, El Salvadors IMF package, and more! If you want to follow Alejandro and his work, you can find him on LinkedIn and X: LinkedIn: https://www.linkedin.com/in/alejandro-cifuentes-cfa-b13b1994/ X App: https://twitter.com/alecif17 ______________________________________________________________ If you are interested in Business and Investing in Latin America, Join the LATAM Stocks Community! Twitter/X: https://twitter.com/LatamStocks Youtube: https://www.youtube.com/@LatamStocks     LinkedIn:  https://www.linkedin.com/in/patrick-flood-cfa-26869140/    And sign up to our free newsletter to receive investment overviews of the most interesting public companies in Latin America! https://latamstocks.substack.com/

  8. 02/10/2025

    Colombia’s Wealth Management Industry & Investment Landscape with Jonathan Combeau

    In this episode I speak with Jonathan Combeau. Jonathan has a ton of experience working with Colombian financial markets. He currently works with wealth management and private banking for high net worth Colombian clients. We talk about the investment landscape in Colombia, tariffs, the 2026 presidential election, and Colombia's investment culture. This conversation is full of useful information for investors interested in Colombia. If you want to connect with Jonathan and follow his work, you can find him on LinkedIn: LinkedIn: https://www.linkedin.com/in/jonathancombeau/ _________________________________________________________ If you are interested in Business and Investing in Latin America, Join the LATAM Stocks Community! Twitter/X: https://twitter.com/LatamStocks Youtube: https://www.youtube.com/@LatamStocks     LinkedIn:  https://www.linkedin.com/in/patrick-flood-cfa-26869140/    And sign up to our free newsletter to receive investment overviews of the most interesting public companies in Latin America! https://latamstocks.substack.com/

See All (44)

About

In-depth conversations with investors, analysts, and business leaders focused on Latin American companies, markets, and investing.

Information

  • Creator
    Patrick Flood
  • Years Active
    2023 - 2026
  • Episodes
    44
  • Rating
    Clean
  • Copyright
    © 2026 LATAM Stocks Podcast
  • Show Website
    LATAM Stocks Podcast

You Might Also Like