I met Eike Batista at the Milken Institute’s Global Conference in May and I think he’s one of the smartest minds in the commodity space. He’s not someone I’d bet against.
The paper has taken a short-sighted look at his business yet the world is starving for commodities and will continue to be so for the next two decades.
For the long term investor, who cares about short term blips?
I thought you would be interested in the following story from The Wall Street Journal.