Michael Novogratz on Brazil: Sohn Conference Presentation ~ market folly

Tuesday, May 6, 2014

Michael Novogratz on Brazil: Sohn Conference Presentation

We're posting up notes from the Sohn Investment Conference in New York, produced in partnership with Bloomberg LINK.  Next up is Michael Novogratz of Fortress Investment Group who pitched a contrarian play of going long Brazil.

Michael Novogratz's Sohn Conference Presentation

Wrestled at Princeton (he was one of the people that helped get wrestling back in the olympics), 11 years at GS, was a helicopter pilot.  First time speaker. Spent time discussing the current macro environment.

Says it was partially the bad weather and expects volatility to remain low. Pitch: Long Brazil. It's been hard to make money there for the last 4 years.  Contrarian pitch- "things are so bad, that they are good."

Be sure to check out the rest of the presentations from the 2014 Sohn Investment Conference.

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