Category Archives: Economics

Ricardo Guimaraes The Business Mogul

When it comes to the face of the banking industry, Ricardo Guimaraes is a man to reckon. He is a Brazilian-born BMG president and the chief executive officer. He comes from rich family, in fact, the founders of Land Credit Bank. A bank that initiated its services in the early 1930s that offered affordable credit to Brazilian peasant farmers. The bank financed them in acquiring heavy trucks for agricultural purposes as well as for private vans and other agricultural equipment. Ricardo Guimaraes attended college to study finance and management that has helped him become one of the most famous CEO in the world


He joined the family business as a chief financial officer at the initial stage of his career path in 1998. Over the years, his vast talent and knowledge in banking saw him rise to the level of the vice president of Banco, BMG. In 2004, he became the president and the CEO of BMG. One of the largest banks in Brazil. Through his leadership, Ricardo has steered the bank tremendously to become among the wealthiest bank asset wise. His commitment and hard work and passion for his job have made the major transformation in BMG and an impact on people’s lives in Brazil.


A company beat its competitors by laying unique strategies and evolving from traditional methods of doing things. Under the throne of Ricardo, BMG does that. BMG has strategies that has made it become a financial giant in the banking industry. The bank focuses on a strategic marketing niche that makes its services accessible to almost every part in Brazil. It has over 3000 points of sales (POS) and over 5000 agents offering banking services to customers and investors in Brazil. This has contributed to the bank making huge profits and in fact controls about eighty percent market share in the banking industry in Brazil.


The bank also offers affordable payroll loans, another profitable strategy that Ricardo focuses on. The facility loan affordability has made BMG to controls over sixty percent in the credit sector. The competitors (over sixty banks) control the remaining forty percent of the credit market. This is an indication of good leadership in the BMG.


Another strategy that Ricardo uses is employee’s retention. In BMG the labor turnover is minimal, in fact some employees have worked for the company for over twenty years. As a manager, he realizes the importance of workers’ welfare and motivation. Employees plays a significant role in the success of a company. He hires the best top team of employees for them to show professionalism and enforcement of work ethics.


His philanthropy goes a long way in sponsoring various aspects of life such as football, education to the needy among other charitable work.

Can George Soros and Warren Buffet be the Last of THier Kind?

George Soros has arguably had one of the most stellar investment track records of all time. Mr. Soros made $1 billion in 1979 buy betting that the United Kingdom would not be able to keep its currency tied to the European monetary system and the United Kingdom indeed did have to devalue its currency.

So the question is will we ever see another investor with a track record like Mr. George Soros or Mr. Warren Buffet again? In a article written by Nicholas Vardy for MarketWatch George Soros and Warren Buffett were compared to America’s beloved baseball player of yesteryear Ted Williams. They were placed in the same category because of their stellar records. Ted Williams was actually the last man to ever average a .400 annual batting average. That was way back in 1941, so many people believe that no other baseball player will ever be able to achieve those kind of numbers again. The article goes on to say that the track records of both George Soros and Warren Buffett can never be reproduced again.That no other baseball player will ever be able to hit a .400 batting average again. The reason being that the game has evolved so much so that odds are very unlikely that anyone can ever reach Ted Williams’s numbers again.The baseball playing field and just is about the same as it was back in Ted’s day but the bats have changed the cloves have improved some, the real change is with the players and in the quality of the pitching.This is the same in the world of finance as the investors have changed and have more information in front of them.

George Soros has predicted that this year may indeed bring a crash as large as the crash that collapse the markets in 2008. He said the the seeing some similar signals as the ones he detected in 2008 he predicts that this year’s crash and even more worse. The Chinese regime had to a halt trading in equities twice already this year. After 5% loss they pulled the plug on the market for 15 minutes as a safety type tool and try to avoid the crash. After opening the markets know 2% was lost. With over 2 1/2 trillion dollars already being innocently wiped out perhaps this year maybe the year for the crash as Mr. Soros has predicted. Mr. Soros has recently said while speaking to an economic forum in Sri Lanka, that investors should be very cautious in these times.

George Soros produced returns of 30% plus annually for over 30 years. But this last decade things have slowdown quite a bit. Mr. Soros is no longer managing the hedge fund and is spending more time on philanthropy and on creative thinking. Previously said that he believes that the European Union may collapse due to the migration crisis and has started dedicating much of his time to try and push for a comprehensive plan to set global standards for the treatment of these refugees. Mr. Soros elaborates on his six step plan in an interview with New York Book Review