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At 85, Luiz Barsi Reinforces That The Secret Is Not In The Momentary Price Of The Stock, But In The Discipline Of Accumulating Shares Over Decades.
The economist and investor Luiz Barsi Filho, considered the largest individual investor in the Brazilian Stock Exchange, explained in a recent interview that dividends do not depend on the stock price in the short term, but on the quantity accumulated over the years. According to him, the path for beginners is simple: choose good companies, maintain consistency in contributions, and reinvest the dividends received.
Barsi highlighted that 3 stocks for beginners today have more potential to build future income than traditional options that have lost strength. He himself made recent adjustments to his portfolio, swapping companies with weak distributions for stocks with a leaner equity base and better profit flow for the shareholder.
Why Barsi Swapped Traditional Companies In His Portfolio
According to the investor, sectors like banks and utilities have always been pillars of his strategy, but some companies have lost attractiveness. He eliminated positions in Itaúsa, Sabesp, Ultrapar, and Eletrobras ON, justifying that these companies either distribute low dividends or have an excessive number of shareholders, which dilutes profits.
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In the case of Itaúsa, Barsi criticized investments considered to be of little promise, such as partnerships in gas and footwear, which reduce the holding’s consistency. For him, stocks like these do not serve the main purpose: to generate growing dividends in the long run.
The Investor’s New Bets On Dividends
Among the replacements, Barsi reinforced positions in companies with better remuneration prospects. He mentioned Caixa Seguridade, with potential linked to the real estate market and bundled sales of housing insurance; Auren Energia, which distributed R$ 3 per share in 2023; and AES Brasil, which reduced its equity base from 3.6 billion to 600 million shares, increasing the value shared among shareholders.
These choices, according to him, reinforce the philosophy that a stock is only worth what it can pay in dividends, and not how much it fluctuates on the exchange. Additionally, he maintains exposure in strategic sectors like energy and logistics through companies like Vibra and Cosan.
Long-Term Investment Philosophy
The main lesson left by Luiz Barsi is clear: “If I have 1 share, I gain 1 time; if I have 1 million shares, I gain 1 million times”. For him, the discipline of accumulating shares and reinvesting dividends is the true formula for financial independence.
The investor also warns beginners to avoid historically unstable sectors, such as tourism, aviation, and shopping malls, which have already faced bankruptcies in Brazil and abroad. For him, these segments do not offer the necessary predictability for an income investor.
In Luiz Barsi’s view, those looking to start should look beyond the daily quotation and focus on solid companies that deliver consistent profits and regularly distribute dividends. Beginners who understand this logic can turn small purchases into large incomes over decades.
And you, do you agree with Barsi’s philosophy? Do you think 3 stocks for beginners should be chosen only based on dividends or also on appreciation potential? Leave your opinion in the comments — we want to hear from those already investing or planning to start.
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