Talking With Igor Cornelsen About His Motivation To Invest

Career investment advisor Igor Cornelsen is native to Curitiba, Brazil.  He was born October 4th, 1947. In 1965, at the age of 18, Igor attended the Federal University of Parana in pursuit of an engineering degree. Two years later, Igor would make the decision to switch his focus of study to economics at the same university.

Igor earned his degree in 1970 and would begin work as an investment banker. He would quickly make a name for himself in the sector and would journey to Rio where had been afforded a great opportunity to work as an investment banker.

Igor would quickly emerge as the best of the bunch in his class of recruits and In 1974 was promoted to Multibancos board of directors. Two years later Igor Cornelsen would be the bank’s chief executive officer.

Bank of America acquired Multibanco in 1978 and Igor would leave in search of better opportunities. He would take a job with Unibanco where he would work until 1985. Igor would then work at Libra Bank PLC, a subsidiary of London Merchant Bank.

This move became a critical juncture in the life and career of Igor Cornelsen as it was the first time he was to be paid for the work he performed in U.S. dollars. This would make a world of new investment opportunities available to him.

Igor would soon, along with colleagues, would work both on the board of directors and representative to his native Brazil for the Standard Chartered Merchant Bank. He would perform his job with the board in an exemplary manner for the next seven years before leaving to found an investment firm of his own.

He performs the duties of the investment manager and is involved in the daily operations of his investment fund. Recently, Mr. Cornelsen sat down for a brief word:

What was your motivation as a career investment advisor?

The inspiration for my business stems from my years of experience in investment banking. I managed stock market funds for many years for many different banks that I have worked for in the past. So I guess you can say that becoming an advisor to other investors is simply a consequence of my life’s experience.

What is a typical day in your life like?

My day starts early in the city of Sao Paulo. This is when the markets open in Europe. I monitor international news while studying the actions and economic policies of companies during the day and make adjustments to my portfolio as needed. On some days I meet with colleagues and friends to exchange views and strategies.

How do you get your ideas into the real world?

I tend to follow economies that seek to improve investment opportunities in their own environments that also have a patterned behavior of selling assets to countries that I predict will deteriorate as a result of political unrest and poor decisions economically.

Any financial trends that excite you for 2018?

I get really excited whenever I am able to perceive new trends that will change markets before my competitors. Markets tend to exercise ideological bias and ideology is a poor predictor for investing.

Crypto currency has been a fund trend to watch as well.  The volatility makes it a no go for my personal investments, but it’s interesting to see some people out there trying to do something truly different with currency exchange investment.  If things calm down, there’s a lot of money to be made there.  But the market needs to get to a point where things can get a little more consistent first.

Name something in your routine that makes you a better investor

I think I am aided by the amount of information I attain from Reuters directly. This allows me to not waste time have to analyze information from other investors because with Reuters I know that that the information is unbiased and quality information.

One piece of advice you would bestow on the Igor Cornelsen of the past?

My advice to all young managers is to use your time reading information and not the opinions of others that participate in the market. It is important to understand how world news impacts financial and investment markets and to view the world as one complete whole versus an assortment of pieces.

Is there one truth you abide by, that other investors might disagree with?

I am not sure I recall a single idea that caused all other participants in markets to disagree with me. There will always tend to be at least one person that agrees with me on a particular subject. Although there have been ideas that most in the market have in the past disagreed with me. One, in particular, was the Euro. Most analysts thought the Euro would disappear during the first European recession. My stance was that the Euro would remain intact until being replaced by an international currency.

In 2010, I was under the belief that a new model for economics that was being implemented by Brazil would prove disastrous for the economy. Due to this belief, I sold all the assets I owned in Brazil. There were some that agreed with me but none of them were willing to sell all of their Brazilian assets.

Is there one strategy in particular that helped grow your business?

I do not necessarily adhere to any business growth strategy. My business grows due to discovering the depreciation of assets before others in the market.

Name a failure that you had to overcome as an entrepreneur?

In 2007 I made a terrible mistake. In investing one must sell what is expensive while buying and keeping what is cheap. I did the opposite at this time believing that I being fiscally conservative.

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