Nu got hit on the Brazilian election, but South American names like Nu and MercadoLibre have emerged stronger from past cycles, so the dip may be an opportunity for long-term investors.

He discloses starting a small position he plans to grow, calling ~10.8x forward earnings for 50%+ growth too cheap to ignore, with a long runway digitizing Mexico and Latin America.

The host says the recent sell-off in both NuBank and MercadoLibre is not justified, but this only assesses a past decline and gives no forward price direction.

NuBank is mentioned only alongside SoFi as a higher-risk holding where losing sleep is understandable; no further view is given.