The main reason why mega-investor Warren Buffett came to Brazil yesterday was to learn more about Ambev’s asset management model, people close to the situation said. Anheuser-Busch Inbev’s Brazilian unit Ambev is managed according to the prescription of three fund 3G Capital shareholders, Jorge Paulo Lemann, Marcel Telles and Beto Sicupira. Three weeks ago, Buffett and 3G partnered in a proposal to buy US food company Heinz, which has shown significant revenue growth, but also a costs increase. Valor has learned that Mr. Buffett wanted to know how was it possible to cut costs after the merge between Antarctica and Brahma, which resulted in the creation of Ambev, and after 3G shareholders bought Burger King.
The “Oracle of Omaha” has been a fan of the current Southern Hemisphere’s richest man ever since. Buffett told Brazilian magazine EXAME, “I want to learn more about Brazil and Jorge [Paulo Lemann] is a great professor.”
I HOPE HE DOES NOT GET KIDNAPPED IN BRAZIL.
Dumb German
Buffet got bailed out big time with Wells-Fargo / AIG / Goldman Sachs. My god the BS is wide and deep. This guy is milking us all like cows.
You are joking, right?
This old fart is only doing well due to the FED’s blessing and its QE to infinity to his own bank…What a joke. JPL is a master crook. He was able to cheat Abilio Diniz a few years back when both bought the same Jet model…bunch of a-holes that deserve each other.
The media should stop portraying these guys as geniuses, richest and so on. Without their respective governments, they are absolutely nothing!!!!!!
Where a German walks grass does’t grow, you fool
Esta baixando o nivel aqui….ou estou enganado??
Can you still buy a liter of milk for less than U$ 300 in Rio.
It´s allways the same subject. Nothing new on Earth.
Press making the bubble on these mega investors and they
works with peoples´ money and theirr risks are zero.
Frank Stein, there’s a lot of money from around the world and Buffet is no fool.
I would not be surprised that they already have fixed the result of the next Warren Buffet Ponzi Scheme, some even say that he went to Brazil to on a sex Trip
The odds are changing and you can place a bet on just about anything nowadays.
This is not a joke – you actually can bet on a number of Ponzi Schemes by Benanke and Buffet just like a horse race and they give the odds according with the chances that a certain Scheme will do better than another.
I wonder if people also can bet in exacta and trifecta bets
Best regards to your wife and the rest of the family. Looking forward to our meeting in July.
Not that it really matters, but someone appropriated my handle and posted to Frank Stein
That was not the original “Gringo nao sabe nada” but appropriation is a form of flattery and I will take it as such.
I have nothing personal about Frank or anyone else here, but at times I think some comments go beyond irreverent which is fun and can become personal or, at least, seen as such.
Abracos,
Yes, he might be rich from the millions of lives he has destroyed, but he is not capitalist—-he is an anti-American, anti-Capitalist, anti-Constitution criminal who is glorified by a left-wing press and an ignorant public.Great, it really is that simple, see! Now we can move on and stop glorifying criminals, liars, and anti-capitalists who hate the us and support left-wing, progressive i(deals).Warren Buffett is a stooge and Berkshire Hathaway is really a 1920s style pool for the big banks. It was all an American Pie ruse to shyster the public into the idiotic “buy and hold” mantra.Under buy and hold, Wall St. takes your money and uses it to gamble. If they make money, they keep most of it. If they lose money, they only lose your money, not theirs. How convinient !! It’s the ponzi way and has worked for the last 3 decades.Think about it. “Warren Buffett” bought cheap when everyone else was fearful and sold high when everyone else was optimistic, typical of Wall St. insiders. But in recent years as the market has been flat or down big, and the economy has tanked, Ole’ Warren has bought at the top and everywhere in between trying to help prop the market up.Whoever “Warren Buffett” is, he is nothing but a conduit for the banks. The ultimate propaganda campaign.
The reason for Ambev’s profitability is simple. The group has a 65% market share in Brazil. How Lemann got the authorization to merge two companiis which together accounted for two thirds of the market is anyone’s guess….
Interesting. Ambev is one of the most fundamentally sound companies in Brazil, so I’m not surprised Buffett is interested.
HOW HE GOT 65% MARKET SHARE? SIMPLE: THEY KNOW WHO AND HOW TO PAY TO GET WHAT THEY WANT. BRAZIL IS BRAZIL, RIGHT?
Guys… You know nothing…. I work in a Company that is a JV with Ambev, I’m a Director and have acess to Ambev leadership and even with more than 15years of Experience in The financial companies (citibank, amex, Bradesco and mastercard) I can say that Ambev surprises me everyday on their Management sistem, it works on every level!! And it’s profit!! Not that I agree with some “ways” they do business, but those guys really known what they are doing… Not surprise Buffet was interested!