Government regulation, such as price caps on utility rates, represents an externality that violates fundamental assumptions about earnings predictability and requires questioning the underlying assumptions of investment models.
factualpending
Speaker
Jacob PizárEvidence Quote
“government regulations like the Brazilian government loves to cap uh the amount different utilities can charge obviously that has an effect on earnings um whenever there's government regulation we really question the underlying assumptions”
Source
Redefining Value Investing in a Magnificent Seven Dominated World | Jacob Pozharny— Excess ReturnsCreated: 8/11/2026, 6:50:32 AM
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