Igor Cornelsen: A Brazilian Investment Adviser Shares Wisdom

Igor Cornelsen began his career in banking in 1970 after receiving his degree in economics. His aim was investment banking, and he traveled to Rio de Janeiro where he got his first banking job with Multibanco.

The banking world Cornelsen entered would seem very strange to a new hire today. While a computer or two on every desk is now the norm, and a company-issued smartphone may complete the package, that was not the situation that greeted Cornelsen upon his arrival. Slide rules ruled the day for men like him. Fortunately for him, slide rule calculation was something he excelled at, perhaps because he had begun his university studies as an engineer before switching to economics. Regardless, his phenomenal skill with that manual calculating device caught the attention of his superiors. Four short years later, the bank moved Igor onto its board of directors. And two years after that, it was CEO Igor Cornelsen.

When Bank of America acquired Multibanco in 1978, Cornelsen moved on to Libra Bank PLC, a move that proved important because they paid in US dollars. This opened his eyes to new investment opportunities. His next stop was a seven-year stint at Brazil’s Standard Chartered Merchant Bank. As so often happens with talented people, Cornelsen then decided to create his own investment firm.

In a recent interview,[1]Igor Cornelsen shared some insights into his life and business.

When asked about the impetus to become an investment adviser, he noted that, really, he had been advising banks on their investments for years and it was a natural transition to helping individuals.

Asked about a typical day in his life, he mentioned the following. He rises early to read international news, study the actions of companies, and adjust investment strategies where necessary.

Igor Cornelsen noted that he gets a kick out of seeing developing trends first. He notes that unbiased financial news sources like Reuters are a must, as markets tend to be ideologically driven and ideology is a poor predictor.

Cornelsen’s advice to young investors sounds much like that of Ray Dalio; try to understand the world as a whole and to understand how news impacts markets.

source: [1] https://interview.net/igor-cornelsen/