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artpretyman 10/11/2010 07:03 PM Report
The person that believes that Mr. Eike Batista puts the people of Brazil and the country itself in first place is just ignorant. I greatly admire Mr. Batista's business skills and charisma, but it is obvious that he made his fortune not from trading his hard work, but from influences he has with top governmental powers. Accepting Lula's political terms as pro-business which should serve as a model and sanctioning the looters of Mr. Morales Bolivian government, which stole a US$ 60 MM worth steel plant from him, tells us a lot about how he made his money. I much admire Mr. Batista's entrepreneurial abilities, his willingness to take risks and think big, but I wish the the probable future richest man in the world wouldn't be a product of the people's STATE of Brazil, but a product of his free mind, virtues and hard work.
O_Fidalgo 03/08/2010 12:49 PM Report
China producing top phds and grads?
On paper, yes. Reality, More of an ant colony approach.
The Chinese education and university system is entirely oppressive of any free thinking or creativity. You get a steady stream of straight line thinkers, who have never been in an environment where free thinking and innovation is encouraged.
This will limit Chinese future to adapt as this world economy continues to morph. It won't fall out, but don't even begin to think you'll have tech guys like Gates and Steve Jobs coming out of China.
Until their society starts to open room for creativity, instead of suppressing it like a whack-a-mole game, China will remain as only a mass copycat producer of Western innovation.
China is a large, fast-paced, and productive economic ant colony.
hugofbt 02/18/2010 02:30 PM Report
Mr Eike Batista is an example to our executives in Brazil! He has a mix of good ideas and some important banks near him. It`s important to invest in infrastructure, in oil companies and in education! Great interview!
luma 02/18/2010 10:17 AM Report
Eike's money is from recent ipos of several companies.Like the dot com bubble, they do not have revenues.Check him out before investing. Real assets include one small tourist boat, a medical clinic building, a large tract of desert land in Chile and a Chinese restaurant in Rio. It may be worth a few millions but certainly not billions.
His apparent fortune is all in the theoretical value of his companies, all recent IPOs without proven results. It appears there is an IPO bubble going on in Brazil. Mr. Chanos might wish to take a look into this tasty morsel
donpedro79 02/15/2010 10:28 AM Report
charlie, you are absolutely uniquely perceptive and knowledgable and very simpatico.
eiken batista is the personification of all my dreas for brazil in the global economy,entrepeneurial savy and far beyond buffet and gates.
paulosimoesdiniz 02/14/2010 08:21 PM Report
If you want to make money in Brazil you should buy stocks of Eike'companies.
paulosimoesdiniz 02/14/2010 08:20 PM Report
Existiram vários empresários brasileiros famosos e ousados no passado, como o Irineu Evangelista de Souza, Olacyr de Moraes, Matarazzo, Roberto Marinho, Ermírio de Moraes, Abílio Diniz e tantos outros. Alguns deram certo, outros naufragaram. Mas todos eles tinham a ousadia como qualidade principal e fizeram o que era impossível pelas normas tradicionais da época.
O Eike me parece pertencer à esta estirpe de empresários visionários e ousados com coragem para entrar em negócios estabelecidos e mudar a forma de conduzir os negócios. A diferença entre eles e os anteriores é que ele se utiliza muito bem do mercado acionário que caminha para a maturidade no Brasil.
Além de empresário competente, ele é um bom marqueteiro de suas empresas.
BigRick 02/13/2010 11:56 PM Report
UM CARA QUE ELEGE UMA LUMA DE OLIVEIRA PARA SER SUA ESPOSA E MAE DOS SEUS FILHOS; ACABA SENDO CHIFRADO PUBLICAMENTE PELA MESMA COM UM POBRE DE UM BOMBEIRO...SINTO MUITO, MAS ESSE AI PODE TER O $$$ DO MUNDO INTEIRO...PARA MIM, SERA SEMPRE UM POBRE COITADO.
Ljti10 02/13/2010 02:07 PM Report
Mr. Batista... how wonderful it must be to have the means that you do financially, and that you've actually spent monies to clean a lake in your community.
It's not just about being the richest man in the world... soon to be... but what you do with your means is what matters. You have great possibilities as do your colleagues to make "great" contributions to the world that you're leaving your children on, as well as your grandchildren and future generations to come. And since you have the monies to do something great for your country and/or the world, make your mark now. One never knows when this door will close.
Please just always remember to always do whats right, what's fair and what's kind.
Stay cool and peace out.
Linda in Alaska
Capslock 02/11/2010 03:27 AM Report
Very charming & likable person, although I felt like I was listening to an avatar of Arnold Schwarenegger than a homegrown Brazilian businessman. I, too, think Charlie let him off easy by not asking serious questions about Batista's business practices and the ultra-favorable business climate in Brazil that concentrates wealth in the hands of a few and leaves many people in poverty. I missed any discussion of the pervasive economic imbalances in Brazil and how his 360 degree business model (wrt business, environmental, social consciousness) might address such an issue. Batista made reference to it several times, but Charlie never probed the topic, showing more interest in Batista's net worth than anything substantial. Batista's candor was refreshing.
Ricardo_Amaral 02/11/2010 03:20 AM Report
In May 6, 2008 I posted the following information on the Elite Trader Economic Forum about Francisco Gros and Mr. Eike Batista’s petroleum company “OGX Petroleo.”
http://www.elitetrader.com/vb/showthread.php?s=&postid=1910891&highlight=Francisco+Gros#post1910891
“OGX Petroleo June IPO to Raise at Least $1.5 Billion, Gros Says”
By Adriana Brasileiro
Bloomberg News – April 7, 2008
***
My screen name on the Elite Trader Forum is: SouthAmerica.
.
Ricardo_Amaral 02/11/2010 03:01 AM Report
Congratulations Charlie for the excellent interview with Eike Batista.
I thought that I belonged to a dying breed – someone who believes in Brazilian independence and nationalism – and now I am happy to find out that Eike Batista also believes in Brazilian nationalism.
Eike Batista and I share a similar vision for the future of Brazil.
If you go to this website you see the web links to many of my published articles about Brazil, including my plan for the development of the Brazilian economy.
Author and Columnist: Ricardo C. Amaral
http://brazzilnews.blogspot.com/
.
Chachi 02/10/2010 10:03 PM Report
I'd have to agree with JohnMatro; while it was fascinating to listen to this man's virtually value-free assessment of de-regulated business landscape, I felt the interview length allowed for Rose to dig a little deeper into what Batista means to do with the world once he owns it... No mention of environmental issues, no concrete public policy ideas aside from obvious logistical and infrastructural ones.
Aside from Batista's token acknowledgment that 250,000-people cities must be planned in advance, and Rose's little taunt that he wanted to be the largest philanthropist just to claim the title, I took little out of the man except his desire for power. Is that sufficient?
I must say it was refreshing to witness his candor on the subject of business after having to hear swindling politicians apologize all the time. Aside from that, it's hard not to feel like your being bitten by a snake. Especially his noting the failure of America's technology to market an electric car to the world. It hurts because its true.
flabrrj 02/10/2010 05:29 PM Report
Worthwhile noting that Mr. Batista made his first billion dollars by selling his Mining operations. The permits for those mines were concessions made by the military dictatorship for his father and the services he did. In fact, they used to fly in and out planes and sell the gold from these mines on those days.
It is all a very pretty picture after cleaning up the details. Of course, it still takes on with a will of steel to get there, but without those concessions, he would be slogging as every other ambitious middle class business man in Brasil.
His oil operations are also coming from a strange favoritism of the government in granting exceptionally large loans to certain groups. All in all, he might be the richest man in the world, as is Carlos Salim, but how much is he a model for others? Can my dad work for a dictatorship and by tit for tat get mining rights? Fat chance!
lasco 02/10/2010 12:06 PM Report
Come on people!
1- Because he had flair and made money the slums of Rio are his fault? btw, Cidade do Deus...very unreal representation of Rio's slums..its like watching "Training Day" and assuming this is LA!
2- He his investing in Rio, more money for the wasteful government of Rio to invest in education and security
3- He violated environmental rules? Do you recycle and control your energy usage?
4- How about, may be he did those 2 interviews in the same day? but CNBC only showed it the day after...come on!
5- If not for humans putting a price on things of this earth, none of it would have any value, so your point about inflation...not very useful. Diamond are a simple rock, artificially inflated by supply control...do you really think a rock can be worth that much money unless they make you believe it? I don't think you mind your house price going up...because of ...Inflation...
agent99712 02/09/2010 06:55 PM Report
at first i found him engaging, but it's true, he's another billionaire with too many zero's after his name. he needs to see the movie city of god to remind him of the many slums around his beloved rio before the olympics. since china puts out the most goods and we keep buying them, that's all he cares about. quality? meh, not his problem. he needs to lose the toupee too.
JohnMatro 02/09/2010 05:08 PM Report
Rose went easy on this guy. Batista has been fined 3 times for environmental crimes in Brazil. Brazilian law only provides for small fines, which amounts to a slap on the wrist for this guy. He has publicly announced that he's gunning for Bill Gate's richest man title, so his nonchalance about it is a small lie. He is so vain that he takes intravenous vitamins to keep from aging. He's also a mystic and named his sons in accordance with his numerology beliefs. Some of these things are silly and we can laugh about them but the environmental stuff is inexcusable. Batista is a scumbag that will do anything to make a buck.
Lots of stuff about this guy on the web. Read Independent.ie for the dirty details.
sduraybito 02/09/2010 04:57 PM Report
I like a certain frugality and consistency in my billionaires. Mr. Batista appeared the next day on CNBC wearing exactly the same suit, tie and badges. Badges? We NEED stinkin' badges!
REMant 02/09/2010 01:27 PM Report
But the gold would have been valued at much, much less were it not for the worldwide inflation of the past generation. And, of course, you can't eat it either. Ditto the oil, which we cannot afford to burn. It seems he has yet to learn the lessons of the Saudi prince you had on a few weeks ago, just as I am not sure Buffett and the rest of the speculating tribe have. As for his risk rule, that is the way lotteries make money. The good citizen idea is fine, but I see no understanding here of anything resembling republicanism. What about the Rio slums? I think he is quite wrong about Brazil's recession economics, as well. And also about Chinese quality, at least of their own cos. I'll give you two personal examples. I bought a vacuum from one, which was fine except that the hose keeps ripping apart and the cord will not hold in the auto rewinder. Small stuff, but important. I bought a made-in-China office chair from a popular US vendor, on which the wheels would not pivot until I put washers on them, and the bushings on the axle that allows it to rock back and forth disintegrated. One would think they would have been made of steel or brass, not pot metal. I have seen this same assembly on quite expensive models. As for the economics, the growth of places like China and Brazil of necessity puts pressure on Europe, Japan and the US to lower prices, wages and salaries, but they don't, and that is the big problem. Because they don't, the price of commodities, such as he deals in, goes up, and more and more ppl are unemployed, and eventually the price collapses. I would be surprised, incidentally, if a Brazilian father were not at least as jealous as his son. I suppose he views himself as an ambassador, but this appeared to me to be Vanity Fair and Architectural Digest stuff.