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Brazil’s “King of the Stock Market” Is Loving the Drop in Stock Prices

RIO DE JANEIRO, BRAZIL - On Ash Wednesday, February 26th, the day Brazilian companies lost R$290.2 billion (US$72.6 billion) in market value on the São Paulo Stock Exchange, the B3, 80-year-old investor Luiz Barsi gleefully rubbed his hands and went shopping.

Nicknamed the "King of the Stock Exchange", and president of the São Paulo State Economic Council (CORENCON-SP), Barzi spent the day searching for what he calls "opportunities" and . . .

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