This, then, is not a Buffett deal: It's a 3G deal, with Buffett being brought in as a kind of guest GP. Neither is it, as Peter Lattman says, an indication of "the rise of Brazil as an economic power", or of the strength of the Brazilian economy. 3G's principals might be Brazilian nationals, but really they're part of the global plutocracy, and are as happy with a Belgian brewery as they are with a Brazilian bank.In a world where private-equity shops are desperate to put their money to work, and where stock-market investors are more conservative than aggressive financiers, we're going to continue to see more of these high-profile LBOs. Which in turn, is going to make the stock market even less relevant than it is today.
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