The stock market volatility in recent months has scared off even seasoned investors like Lirio Parisotto, who is the largest individual investor in Brazil managing R$2.2 billion of his own money. He is known for being a fundamentalist and a “buy-and-hold” guy. Although this blog has great respect and admires Mr. Parisotto, we do not agree with a couple of his stock picks. Some of his picks, for instance, have tanked this year, like CSN and Usiminas. And recommending Vale at this point in time does not seem very reasonable to us.