Florian Bartunek

Founding Partner & CIO, Constellation Asset Management · 1 appearance on the record.

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investorfounderauthorexecutiveconstellation.com.br ↗

Florian Bartunek is the founder of Constellation Asset Management, which he established in the late 1990s alongside 3G Capital's Jorge Paulo Lemann. He also co-authored the Brazilian finance book series Fora da Curva and serves as Vice Chairman of the Board at B3.

25statements → 14claims → 11claims resolved → 64%fully supported → 3.96/5average certainty → 1.84/5average debate potential →

7 supported 3 partly supported 1 contradicted 3 not checkable as stated how the 14 claims stand · each chip opens the sources

2 predictions · 12 assertions · 2 opinions · 6 insights · 3 disclosures · every statement was checked. The predictions and assertions are the 14 claims: statements the public record can support or contradict. 11 are resolved, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Florian argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Nubank Has 50M Customers and a $45B Valuation

“Nubank is the largest digital bank in the world with almost 50 million customers. It's now trading at a forty five billion dollar valuation. Warren Buffett Berkshire Hathaway actually invested in a private round and in the IPO. Sequoia, SoftBank are investors.”

Florian Bartunek Jan 20, 2022 ▶ 13:13 Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27)

Their most notable contradicted claim

Prediction Didn’t hold up

Localiza Earnings Will Grow 25% to 30% Annually Post-Acquisition

“So we expect earnings to go at 25, 30% a year with synergies and the growth of the market.”

Florian Bartunek Jan 20, 2022 ▶ 37:08 Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27)

Expressed certainty vs assessment result

none yet certainty 1

none yet certainty 2

25% certainty 3

89% certainty 4

none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

What they said25 Episodes1

Everything Florian Bartunek said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Supported

Holdings Fell 30% While Earnings Expectations Rose 5% to 8%

“When we look at our businesses, in the last six months, on average, the companies fell 30% from the peak. Some fell 40, some fell 15, But on average, 30. When you look at earnings expectations, they are, after the third quarter earnings, they were up five to e…”

Florian Bartunek Jan 20, 2022 ▶ 41:07 Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27)

Appearances (1)