"Patria Investments Limited (PAX) Spends 1 Hour Talking Macroeconomics, Still Can't Explain Why Their Stock is Down 10% This Quarter"

In a bold move to distract from their own financial struggles, Patria Investments Limited (PAX) hosted a 1-hour conference call on January 15, 2026, to talk about macroeconomic investing strategies in the face of ugly geopolitics, because clearly, their own stock performance isn't ugly enough, having dropped 10% this quarter. The call, led by Senior Vice President Andre Medina, featured a fireside chat Q&A with other company executives, including Thiago Pasqua and Luis Lopes, Partner & Chief Economist Officer, who probably had to field questions about why their macroeconomic strategies aren't working for their own company. With a slew of forward-looking statements that essentially said "don't blame us if things go wrong," and reminders that they use International Financial Reporting Standards (IFRS) instead of U.S. GAAP, it seems PAX is more focused on covering their bases than actually addressing the economic uncertainty they're supposed to be experts on. As the company navigates these geopolitical challenges, one can't help but wonder if their investment strategies will eventually include a "Hail Mary" pass or if they'll just stick to the classic "throw money at the problem and hope it goes away" approach.