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

"I'm Loving the Drop in Stocks," Says Luiz Barsi, the "King of the Stock Market". "You can't forget that the stock market isn't about risk, it's about opportunities".

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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