Investment conviction under pressure.
Nord Research is built around practitioner interviews on investment convictions, usually through its Skin in the Game format. The conversations move from macro noise to portfolio consequences, covering Brazil, Argentina, commodities, currencies, AI, rates, and equity valuation.
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Nord Research is a market-practitioner interview show for investors who want the reasoning behind a trade, not just the conclusion. Its recurring Skin in the Game episodes bring in managers, economists, and equity specialists to talk through active investing decisions in Brazil and abroad. The conversations are usually layered and thesis-driven. They often begin with a wide question, circle through recent market history, and then land on what a manager is actually doing with risk. That structure gives the show a working-desk feel. It is less polished than a scripted finance explainer, but more useful for listeners who want to hear assumptions being challenged in real time. Brazil is a constant anchor. Episodes return to local equities, NTNBs, fiscal pressure, election probabilities, interest rates, and the question of whether cheap assets are cheap enough to own. The global frame matters just as much. Guests discuss the dollar as a reserve asset, United States growth, Fed pressure, commodities, oil curve positioning, and the way technology leadership changes valuation comparisons. AI appears as both a stock-market story and an infrastructure problem. Conversations about Nvidia, TSMC, the Magnificent 7, and data center energy demand connect valuation, earnings power, and physical constraints. Argentina gets similar treatment, with attention to Milei, currency problems, sovereign and corporate debt, and the possibility of outside investment. The show’s strength is translation from macro story to portfolio implication. A guest may explain why a fund is sold in equities, optimistic on currencies, positioned for energy demand, or focused on Brazil after a long period of investor fatigue. The host side tends to restate questions from several angles, which can make the episodes feel repetitive, but it also forces guests to clarify the chain of reasoning. Nord Research is best for listeners comfortable with market jargon, fund strategy, and unresolved probability. It does not reduce investing to slogans. It shows conviction as something built from scenarios, constraints, and repeated argument.
Made for: For investors and market-curious listeners who can follow discussions of rates, currencies, equities, funds, and macro scenarios. It especially suits people interested in Brazilian markets with a global overlay.
What sets it apart: Nord Research stands out by letting managers and strategists explain positioning in detail, including the doubts and trade-offs behind a thesis. The show connects macro history, market pricing, and portfolio construction more directly than general business commentary.
O modelo de gestão de patrimônio mais bem sucedido no mundo e uma casa de análise de investimentos totalmente independente focada no investidor individual.
Based on 6 episodes we listened to · September 2026
Nord Research makes professional investment reasoning visible by testing market convictions against valuation, macroeconomic conditions and portfolio risk.
Nord Research puts investment convictions under pressure through detailed conversations with fund managers and market specialists. The host keeps returning to the assumptions behind a position: why Brazilian equities may be cheap, what supports US technology valuations, how…
A 'cheap' Brazilian stock meets a 'pricey' US tech giant; your tidy valuation rule gets nervous.
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Short reviews from the PlayNext desk, based on the episodes we processed.
Bruno Cordeiro connects bearish oil positioning and curve structure to Capitalo's portfolio and client alignment.
Bruno Cordeiro grounds the macro conversation in Capitalo's oil position. He expects a difficult market unless supply is disrupted, with oil potentially falling toward $50 or below.
A concise Argentina investment update on Milei's victory, exchange-rate risk, foreign capital and natural resources.
Argentina's outlook after Milei's election victory is framed here as an investment question: can political and economic reform turn a volatile market into a durable opportunity?
A clear case for judging Nvidia's multiple in context before treating it as a verdict on AI.
The episode challenges a common market shortcut: reading a high historical multiple as an automatic reason to avoid a US stock. With Andrew Heider of WHG Asset Management, the conversation ranges across global equities, the macro backdrop, AI, and the Magnificent 7, but its…
Marco Freire connects AI's computing demand to energy needs and a related portfolio position.
Skin in the Game's conversation with Marco Freire looks at investment conviction through the daily work of portfolio construction: holding a view while markets keep moving.
A measured, history-minded case for looking again at Brazilian stocks while election risk weighs on prices.
Norde frames Brazilian stocks as a patience test, with Joao Luiz Braga of Incorasset weighing valuation against the uncertainty around the next election.
A property-investing debate gains weight when promised returns run into unpaid condominium fees and judicial auctions.
Risk Takers presses on a familiar investing choice: whether the hunt for returns points toward fundos imobiliarios or direct property. With Priscila Perini drawing on more than a decade around property auctions and Arthur Vieira de Moraes positioned as a strong voice for FIIs,…
A clear, measured framework for weighing dollar diversification through rates, growth, and security.
Luiz Parreiras frames dollar diversification less as a market call than as a way to think about return and security. As manager of Verde's Multimarket Strategy and Previdencia funds, he separates return into interest and growth, then uses that split to explain why the United…
BBC's daily business show, from toy-industry founders to Anthropic's Pentagon standoff.
Luiz Parreiras of Verde Asset analyzes the global investment landscape shaped by U.S.
The RiskTakers podcast debates whether to invest in real estate auction properties or Real Estate Investment Funds (FIIs).
An interview with co-managers discussing their approach to fund management and investment convictions.
An interview with a top Brazilian economist discussing macroeconomic signals and investment strategies.
An interview with a veteran financial market expert discussing the recent Copom decision and its implications for interest rates.
The episode discusses investment convictions and features managers who practice active management.
Bruno Cordeiro is back on Skin in the Game for a macro-heavy conversation about commodities, Brazil, Argentina, currencies, and how conviction turns into actual positions.
Fund manager Paulo de Sora of RPS Capital returns to Skin in the Game to update his Argentina investment thesis since a May episode, arguing 90% of the case rests on a sociological shift he ties to 'The Fourth Turning.' He details how his fund lost 24% in six months as the Merval index fell 43% around a poor September provincial election result for Javier Milei's party, before recovering sharply after Milei's coalition won 42% of the October midterm vote.
["Nord Research's Skin in the Game #83 frames Andrew Heider's view that AI, not tariffs or market noise, is the main force behind U.S.
Marco Freire of Kineia says the United States can keep growing around 1.7% while employment cools because technology is carrying most of the expansion.
João Luiz Braga diz que a bolsa brasileira está barata o suficiente para ser comprada antes de o mercado precificar melhor a eleição e a curva de juros, e usa 9 de abril como data-chave.