Naive Investor, Episode 539: Cyrela (CYRE3) 3Q19

In this episode, we do our 2-year review of Cyrela (CYRE3), after 3Q2019. Our returns vs Ibovespa: 2019: 59.25% vs 31.58% 2018: 11.51% vs 15.03% 2017: 29.44% vs 26.86% Accumulated: 129.86% vs 92.01% The spreadsheet used in the series: https://docs.google.com/spreadsheets/d/1ZhZzsD-zfwAsosvRg6QUqY02qAtrab1aDYi3mJqeuVs Writings on investing: http://blog.gustavosaiani.com/category/finance/ FAQ: http://blog.gustavosaiani.com/naive-investor-faq/