Thursday 18 February 2010

Very impressed by Eike Batista

I was watching Bloomberg TV by chance on Monday. Normally I don't watch any financial tv networks anymore. Fox is too sentimental and superficial. CNBC is superficial and I don't like the way the hosts seem to love themselves. And Bloomberg, well, they're the most professional of the bunch I guess. What I hate about all of them is their stupid adverts that repeat themselves 25 times an hour!

Yes I fucking know about Bloomberg Anywhere, etc..... (!)

But on Monday, cos it was a holiday, don't know what kind actually, bit ignorant in that respect I admit... where was I ... ah yes Monday... zapped into the beginning of an interview between Charlie Rose and more importantly Eike Batista (brazilian billionaire commodities tycoon). Too my great surprise and pleasure the whole 50minute interview wasn't interrupted once! Couldn't believe it.

And this guy Eike Batista is a real genius. He had a lot of very interesting things to say about Oil (brasil will pump 6m barrels/day in future), China (will be 50% of World! GDP again he believes), Brasil (is a great partner of China and they will help each other grow rich), Populist Govts (he hates them!), Brasil credit spreads (now lower than that of Germany), Venezuela/Argentina (he feels sorry for them, cos they have populist leaders), USA (need to tighten the belt, won't be good for much growth)... 50 minutes of wisdom.

I also liked what he says about education/kids. It should never be made too easy for his children. They should have to know what labour is, what sweat is. Not to give them jobs in his billion-$ empire for starters...

So that's my rant for today :)

2 comments:

  1. Eike Batista is a great story. Thanks for bringing it up.

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  2. You bet, his Grupo EBX sounds like an interesting company for the long term. Thanks for passing...

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