YouSaid · the spoken record

Carlos Brito

lines on the record: 57
first: 2021-02-18
most recent: 2021-02-18
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Conversation means salary. Yeah, yeah, sorry, that kind of thing, and he said, Oh, it's $20,000 per year. That's 30 plus years ago. And the offers I had in front of me were between 80 and 100. And he said, whoa, 20. And I said, oh, 20. Okay, 20. I said everything else is variable. Everything else is variable. But this is the fix for you to pay your rent, gas bills, and everything. I said 20. And then Fernando saw that I was a bit surprised by that. He said, Joe, because he has to move from the US back to Brazil, let's give for the first year another five to pay for the move.”
2021-02-18 · Invest Like the Best · Carlos Brito – Creating an Ownership Culture – [Founder’s Field Guide, EP. 21] · IDENTIFIED FROM THE TRANSCRIPT · source
“Said, okay, and I'm looking at all those offers and formal offers in paper and all that. And I had to make a decision because the timeline was going fast. And it said, I wanted to ask you about compensation, but I didn't have the courage because the guy did so much for me. And I was embarrassed to ask, but at some point I had to. So every time the conversation was going to the end, I would come up with different things just to recover and see if you would talk about compensation. He wouldn't. So at some point, I said, Joe, actually, I know it's not important, but I need to ask you this. What about a deep breath? What about what about compensation?”
2021-02-18 · Invest Like the Best · Carlos Brito – Creating an Ownership Culture – [Founder’s Field Guide, EP. 21] · IDENTIFIED FROM THE TRANSCRIPT · source
“And he never wrote back, but he would call back every time, every month I would send a letter, report, I'm taking this class, I'm doing this. I saw this article, Xerox copy, attack. And that stuck with me. And attend the business school, like my colleagues that participated in different interview cycles and all that. I had the seven job offers. But the only people I spoke in Brazil was with Joas. That was the only guy in Brazil I spoke to. All the other offers were in letterhead paper, all formal, this is your salary, your training, you're going to be doing this. Your title is going to be doing this in the US and Germany. And from Brazil, I interviewed with him and his partners, he called me one day and said, We like you very much, why don't you come work for us? I said, okay, but what am I going to do? He said, oh, I don't know. I mean, you got two weeks here. You know, the people you come, you see what you like, you settle, you do it. That's it.”
2021-02-18 · Invest Like the Best · Carlos Brito – Creating an Ownership Culture – [Founder’s Field Guide, EP. 21] · IDENTIFIED FROM THE TRANSCRIPT · source
“Extend alone to employees of the bank to go pursue the MBA in the US. I was not an employee of the bank, but I decided to try to approach him and tell my story. So long story short, I did. We had an interview. I was very nervous. For one hour, he dedicated time to my story. And he said, you know, you're working for Shell. Shell is a client of the bank. Let me get some news about your career there and stuff some info and I'll call you back in a week. And sure enough, he called me back, said, hey, I got some information. The bank cannot help you, but I'm going to help you myself. I gave you a scholarship for fishery. I was shaking on the phone and said, well, George, I'm not going to be able to pay you back. I said, no, no, it's a scholarship. You don't need to pay me back. So the first year, so the second year you have to figure out how to do it. And he said, but I want three things in return. I said, okay, what are the three things? He said, the first one is that you keep me updated, informed in those days, no email, nothing. I wrote a letter for him every month for two years.”
2021-02-18 · Invest Like the Best · Carlos Brito – Creating an Ownership Culture – [Founder’s Field Guide, EP. 21] · IDENTIFIED FROM THE TRANSCRIPT · source
“The Jesuit school had gone a year before to Stanford Business School. And he would call me and send letters from British. You have to come here. You're replying, have to come here and said, no, my scholarship doesn't cover Stanford. But because he insisted so much applying and I applied to Harvard as well. So four schools are applied. Harvard did not accept me and Stanford did at the very last minute. So I said, man, I'd like to go to Stanford because this friend of mine tells me it's great. In those days in the business school rankings, US newser reports, whatever, it was number one, I think. So it would only take a Brazilian one Brazilian per year. So I decided to go. I tried to change my scholarship. Rotor said too late. Doesn't work. And then I said, man, I have to monetize it somehow. I had to get somebody to sponsor me. I knew through a friend of a friend of a friend that was this banker in Rio that had an investment bank, a boutique investment bank, Roger Paulo Lemon, and he would finance employees of his at the bank.”
2021-02-18 · Invest Like the Best · Carlos Brito – Creating an Ownership Culture – [Founder’s Field Guide, EP. 21] · IDENTIFIED FROM THE TRANSCRIPT · source
“I open up my world. So when I came back before I start doing something on a more permanent basis, I'd like to still go study elsewhere. When I came back from Brazil, I went to work for Shell as an engineer. At Shell was the first time I heard the word MBA, the masters. And it was one of my friends there and two guys actually that were applying for an NBA in the US. And I said, you know what? That's something that could fit well because I'd like to open my horizons for engineering a bit further. So I started the whole process. I didn't have the money to do it from my family, so I had to go for a scholarship. And in Brazil, those days, there were no scholarships, no loans, nothing, very high interest rates and all that. So I got a scholarship from the Rotary Association, Rotary International, to go to Wharton or UCLA. What did it do? And I was accepted by both. So I was all set to go to another school. But at the very last minute, one of my friends.”
2021-02-18 · Invest Like the Best · Carlos Brito – Creating an Ownership Culture – [Founder’s Field Guide, EP. 21] · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm originally from Brazil, from Rio, Rio de Janeiro. That's where I was born and where I spend a lot of my early years. I come from a middle-class family. My dad is a doctor, medical doctorate, physician, and my mom stayed at home, a typical middle-class family. And I went to engineering school. I went to Jesuit school for 12 years. And then I went to public university, Federal University of Rio. And it was for freedom. I mean, it would pay like 500 bucks a year for engineering courses. So I did mechanical engineering there. After that, I went to Germany and I worked for a Mercedes Manza Car Company for a year. And that opened up my eyes to the world. Brazil in those days was a closed economy. The currency was very depreciated. So it was impossible to travel, to go anywhere, at least for a middle class family. So we didn't know much about the world. It was the first time I got this scholarship. I went there. I'm in scholarship. It was a job. I went there.”
2021-02-18 · Invest Like the Best · Carlos Brito – Creating an Ownership Culture – [Founder’s Field Guide, EP. 21] · IDENTIFIED FROM THE TRANSCRIPT · source