Marcello Claure

“The key is to determine in advance if it's a company where price matters or it doesn't. For some companies with an immense opportunity, think of Alibaba, think of Facebook, think of Google, think of Amazon, whatever. It was worth coming in at almost any price …”

“I passed on Nubank because of the price at the beginning when we started the fund, and it was the wrong decision because the opportunity was huge. Now I made that mistake. I said, oh my God, it's too expensive. But I didn't realize that the size of the pie was…”

“Yeah, that's 95% of our investments. Five percent where price doesn't matter.”

“Perfect example of that is Cabac in Mexico. The size of the used car marketplace in Latin America, especially in Mexico, is gigantic. So therefore, at the beginning, it didn't matter. The price was 204 hundred million. It really didn't matter because the size …”

“Perfect example of that is Kavak in Mexico. The size of the used car marketplace in Latin America, especially in Mexico, is gigantic. So therefore, at the beginning, it didn't matter if the price was 204 hundred million, it really didn't matter because the siz…”

“Yeah, that's 95% of our investments. There's a five percent where price doesn't matter, and those you cannot afford to make a mistake.”

“I passed on Nubank because of the price at the beginning, when we started the fund and it was the wrong decision because the opportunity was huge.”