Very disappointing news out of Brazil...
It's official. Lula has won another term as president, defeating Flávio Bolsonaro with approximately 51.8% of the vote to 48.2%.
My heart goes out to the Brazilian people, especially those who were hoping for a different future for their country.
Brazil will now face another four years under Lula's left-wing government.
There are already allegations of election irregularities and questions surrounding the voting process.
Nothing has been proven, but I hope every legitimate concern is thoroughly investigated.
I'm sad for the Brazilian people, as I know there is a better way.
But here's the thing: my outlook on Brazil as an investment destination hasn't changed.
We were making money there before, and we will continue to make money there.
We didn't invest in Brazil because of its politics, and we certainly weren't counting on a particular election outcome to make our investments successful.