On public service

Os serviços públicos, a sua qualidade, a sua eficiência e a sua humanidade são condição para respeitar os direitos dos cidadãos. É no domínio dos serviços que a democracia mais os tem desapontado. Opinião de António Barreto 

Public services, their quality, efficiency and humanity are conditions to respect citizens' rights. It is on those services that democracy has disappointed Portuguese citizens the most. 

(article in Portuguese)

https://www.publico.pt/2025/06/14/opiniao/opiniao/servir-povo-2136616

On Consistency

“Consistency is the playground of dull minds. Can you name a single great work of art that is not about conflict?” - Yuval Noah Harari

On Rule of Law

 I am not sure if the majority of people is aware of the key importance of Rule of Law in economics, as it gives predictability, assurance and security to economic interactions.

Democracy

Most People say that Democracy is the concept of "One Man = one vote". But, actually, Democracy is not only that. Democracy is "One Man = one vote" + "Segregation of Powers" + "Rule of Law". And I would also add to it "Free Speech" and "Free Press". 

Kipling

“If you can bear to hear the truth you’ve spoken / Twisted by knaves to make a trap for fools / Or watch the things you gave your life to, broken, / And stoop and build’em up with worn-out tools” - If. Rudyard Kipling a enviar um abraço através do tempo a Vladimir Zelenskiyy.

Chouinard

“There’ no difference between a pessimist who says “It’s all over, don’t bother trying to so anything”, and an optimist who says “Relax, everything is going to turn out fine”. Either way, the results are the same. Nothing gets done.” - Yvon Chouinard

Betas

A correlação entre ganhos de ações de quaisquer duas empresas de paises desenvolvidos passou de 0.37 (1970) para 0.75 (2021) e o mesmo aconteceu em mercados em desenvolvimento. Ou seja, a diversificação de portfólio de investimento, para equilibrar risco, tornou-se mais difícil.