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Goldman: Rio 2016 Won’t Help Brazil

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Rupert Hargreaves
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The long-awaited Rio 2016 Olympics begins this weekend, and the event is already making history for the most unorganised and controversial Olympic event in recent memory.

The games haven’t even started yet, and they’re already plagued by security concerns, health scares, water pollution fears and contractors have been struggling to get the venue ready in time for the opening ceremony on Saturday.

Brazil: no longer the country of the future?

It is believed that the bill for Rio will come to $4.1 billion, which is modest compared to the price tag for the Winter Olympics in Sochi, Russia, in 2014, which came in at a staggering $51 billion. What’s more, Rio’s spending on the games was supposed to help revitalise the...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha