I did not feel it was the time to make big bets, and kept to low-beta stocks in Brazil.

I also kept 14 percent of the portfolio in cash, wanting to conserve bullets for less turbulent times.

I think it's likely for the time being that Brazil is going to try to move forward as it says it will on its fiscal program,

This is the first time in a long time that Brazil has been able to put together so many favorable conditions for growth. And that fact is due to the economic policies that have been in effect over the last three years.

It's not like I came over on some Brazil model truck and now that it's the Belgians' time, I am going to go back home.

That's the best team I've seen in A-ball for a long time.