7Mon·

Ken Fisher buys into Brazil's financial powerhouse NuBank. $NU (-1.04%)


Star investor Ken Fisher is one of the most high-profile investors in the world. He is regularly featured in the stock market media and his books have achieved cult status. His investment style was decisively influenced by his father, investment legend Philip. A. Fisher, who even influenced stock market legends such as Charlie Munger and Warren Buffett. Philip A. Fisher was not a pure value investor, but combined the advantages of value investing and growth investing in his investment strategy. Today, this style would be called GARP, growth at a reasonable price.


But Buffett's success with Nu Holdings is hardly the driving force behind Ken Fisher's new investment in Brazil's banking powerhouse. It is more likely to be the ongoing operational successes. Nu Holdings increased its revenue by 37.4% year-on-year to USD 2.94 billion in the third quarter of 2024, but fell just short of market expectations. However, adjusted earnings per share were higher at USD 0.11.


Overall, the company almost doubled its adjusted net income year-on-year to USD 553 million. This was largely due to the 63 % increase in interest income, which is primarily the result of significantly higher customer deposits. Adjusted for currency effects, these climbed by 60% to USD 28.3 billion.


https://www.wallstreet-online.de/nachricht/18731993-kissigs-portfoliocheck-ken-fisher-kauft-brasiliens-finanz-powerhouse-nubank

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18 Comments

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Is it going down a bit today, are you planning to buy again?
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@BamBamInvest
My dear Bam,
I had already bought again at NU, but since then it has continued to go down.
The price loss today seems to be related to Brazil, because my Brazilian aircraft manufacturer is also in the red.
Maybe Donald has announced a tariff war on x Brazil, since his friend Elon is not so good with Brazil anyway.
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@Tenbagger2024 possible, then I'll keep lying in wait and see if I can find my way in ✌️
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@Tenbagger2024 Brazil exposure stocks fall on tax reform concerns. That is probably the reason.
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@BamBamInvest
You are the Bam Buffet, Warren determines his son. Find the ideal time. And I got in too high again.
The figures weren't bad and I assumed it would go up afterwards.
The stock market is a beast.
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@Tenbagger2024 Because my $SOFI and $HIMS are running, I have no performance pressure and I don't like to jump into shares that have already risen 200% without a setback. But news like this is always a good time to get in because it is usually only of a short-term nature ✌️
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@BamBamInvest
Nevertheless, I won't be buying any more.
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@BamBamInvest
I'm well in the black with my aircraft manufacturer, so I don't mind. But with NU I've already slipped into the red, which is always a bit annoying after a purchase.
But I hope that NU will continue to perform in the long term.
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@Tenbagger2024 Yes, it's annoying, but I don't like to buy into rising share prices, I usually try to use bad news to get in, especially if the bad news has nothing to do with the results or business activity. But things will settle down again.
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@BamBamInvest
On the other hand, I quickly went into positive territory with Elf Beauty. We'll both stick with it
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@Tenbagger2024 I'm thinking about buying the first position at $NU and we'll see. Maybe I'll buy a few. But first I have to free up capital from $IUIT
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