From Engineer to Investment Advisor: The Career of Igor Cornelsen

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Updated 4/19/19

Ever since he switched his college major from engineering to economics in the 1960s, Igor Cornelsen has been wowing people with his financial acumen.

These days, he has an investment firm of his own, one that’s widely acknowledged as a global leader. Indeed, Igor’s monetary advice reverberates with many people all over the world.

 

An Unpredictable Career

On October 4, 1947, Igor was born in glamorous Curitiba, a city in southern Brazil. As a young man, he attended the Federal University of Parana. He graduated in 1970.

From the start of his career, Igor was a highly sought-after job candidate. That’s because he had the ability, in an era before office computers were commonplace, to do complex calculations in his head, including equations with compound interest rates.

Igor decided to work as an investment banker at Multibanco, which required him to move to Rio de Janeiro. He then joined that company’s board of directors in 1974. His professional rise was so meteoric that he was named Multibanco’s CEO in 1976. Keep in mind that he was just six years out of college at that time.

igor cornelsen's investment firm bainbridge investments
Igor Cornelsen’s Investment Firm

Bank of America bought Multibanco in 1978, which prompted Igor to go work at Unibanco. He would spend seven years at that investment firm. In 1985, he joined London’s esteemed Libra Bank PLC, where he invested in American companies. It was the first time he got involved in the U.S. stock market, and it opened up a new realm of wealth and opportunity.

Igor’s next endeavor was to become a Brazilian representative for the Standard Chartered Merchant Bank. He also served on that bank’s board of directors.

Igor, who lives in Sao Paulo today, finally decided to stop working for other people in 1995. That year, he founded his own firm. At last, he was able to put everything he’d learned in college and in his various professional roles to use. He could help his clients directly and however he saw fit. Since its inception, Igor’s firm has been an unqualified success.

 

The Values and Philosophies of Igor Cornelsen

Igor attributes his marketplace triumphs to a number of personal principles. For starters, he studies the markets and follows investment news rigorously. He’s especially interested in developing economies. They often provide chances to, as the cliche goes, buy low and sell high.

In addition, Igor bases his decisions on hard facts, and he seeks nonpartisan information. For example, he finds the news service Reuters to be a useful source of investment ideas. It tends to be unbiased in its coverage.

By contrast, Igor mostly stays away from the tips that his fellow investors try to give him. He certainly hears out his friends and colleagues, and he appreciates their attempts to be of service. However, the trouble with depending on such people is that you never know when their prejudices and past experiences are coloring their judgment in a way that’s not productive.

For Igor, it’s vital to follow and understand the tiniest of financial details. At the same time, he’s careful not to get lost in the economic weeds. He consistently tries to look at the big picture — the global economy as a whole. Similarly, he’s constantly making an effort to discern what the big new trends are. And how will those trends affect the markets in the near term and over the long haul?

Despite his excitement for trends, Igor is way too seasoned to fall for a fad. Take cryptocurrencies. In recent years, he’s been fascinated as he’s tracked the evolution of cryptocurrencies, and he’s been amazed to watch how they’ve been influencing markets. At the same time, he’s never invested in one. He views them as too unpredictable. At some point, Igor may purchase stock in a cryptocurrency, but he needs to see more stability in their overall performance first.

On top of everything else, Igor is unsentimental about his assets. He’ll sell them as soon as it seems like they’re about to lose value, and he tries to make those sales before other investors decide to do the same thing.

In fact, in March 2010, Igor sold all of the assets he had in his beloved Brazil. What’s more, he did so against the advice of many other financial experts. His reason for selling was that he was wary of a new economic framework that the Brazilian government was instituting at the time. In the end, Igor was proven prescient, and many other investors would follow suit in subsequent weeks and months.

In particular, Igor keeps an eye out for countries where severe political and economic problems appear to be brewing. He then tries to sell off his holdings in those nations before circumstances devolve, making his investments worth very little.

You probably won’t be surprised to find out that long days are typical for Igor. He’s at work when the European markets are just beginning a new day, and his mornings and afternoons are typically packed with meetings.

As you can see, Igor’s investing principles seem clear-cut. Even so, there’s an intangible factor that’s always helped him. His mathematical genius combined with his formidable powers of analysis have allowed him to see the economic future time and again. As long as he keeps reading the news prodigiously and keeps searching for patterns, Igor will continue to be a fount of financial wisdom.

Igor Corneslen’s Thoughts On Brazil Businesses

The business scene in Brazil has been taking off for many years now. They have been known for being one of the more prevalent countries for housing companies that are beneficial to the state of the world, but it has never been as powerful as it is today. The market of Brazil, while it is constantly fluctuating, has a truckload of potential for growth, and because of this potential, the country is a great place for individuals to begin when starting their investment career. The following list of companies to watch out for when considering who to invest in will not guarantee any aspiring businessperson a profit, but if their stocks are traded skillfully and wisely, one can almost surely make a breakthrough into the world of business by investing in these companies.

Wilkes Participacoes

Wilkes Participacoes is one of the biggest retail chains in the whole country. They are well-known for providing items at a cheap price despite their apparent quality. The quality of their items is not merely in their looks, either. In fact, that is the smallest concern of Wilkes Participacoes, and it is what makes their company so appealing to young investors.

They try not to focus on all the nitty-gritty details that do not actually end up making that significant of a difference in the end. While every minor change is crucial to the outcome of a business, it is also important to keep in mind that no one individual can control every factor of their business and make them positive. Some things are simply going to be weaker aspects of businesses, and there is not always something we can do to alleviate them. Wilkes Participacoes knows this, which is why they take a utilitarian approach to investment, wherein they focus on expenditures that are necessary and limit their budget to these.

Banco Santander S.A.

This finance company is another ripe example of a Brazilian company that exercises proper prudence before making an important business decision that will inevitably end up impacting millions upon millions of people. Banco Santander is one of those companies that will do anything for their clients, even go bankrupt for them. They are consistent of some of the most knowledgeable people regarding finance in the country, so it is of no surprise to those who are familiar with them to see all the growth and progression they have made as of late. Banco Santander is a proper fit for investors because they simply do not allow themselves to dip very far in terms of their stock prices. They have always been focused on staying on the climb.

Rio Purus Participacoes

The textile and steel industries have been significant in Brazil for tens of years, if not hundreds. Rio Purus Participacoes is a company that somehow still manages to push the boundaries of what is expected within these industries. To put it simply, they are not the sort who others would underestimate for a second, because they have been holding their spot as one of the biggest businesses in Brazil for many years, and they do not look like they are going anywhere.

Any of these businesses would be a good spot for starting entrepreneurs. The most important thing for these young, aspiring Brazilian businesspeople to keep in mind is that failure is inevitable; embrace it. Once this much can be accomplished, there is no limit to the human capacity.

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