EP 009 | 2 MILHÕES DE ELEITORES VÃO ELEGER O PRÓXIMO PRESIDENTE | FÁBIO ZAMBELI

“Two million voters will elect the next president.” Fábio Zambeli said this — and when he speaks, the market listens. A journalist with over 30 years of experience covering politics, former chief analyst at JOTA, former reporter and editor at Folha de S. Paulo, and today one of the most respected names in political risk analysis in Brazil. Zambeli doesn't take sides. He reads the game as it is — and what he sees in the 2026 scenario is more complex, more unpredictable, and more decisive for his assets than any headline is showing. Brazil has 156 million voters. But the presidential race, in practice, is decided by a much smaller slice — and that's exactly where the behind-the-scenes action that nobody is properly telling you is happening. In this episode, Marcello Popoff, Luis Almeida, and Marcela Kawauti sit down with Fábio Zambeli for an unfiltered conversation about power, money, and what really happens behind the scenes of Brazilian politics — before the results appear at the ballot box. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━ WHAT YOU WILL HEAR IN THIS EPISODE: → Why only 2 million voters will, in practice, decide who will be the next president of Brazil → Lula, Flávio Bolsonaro, Renan Santos and Caiado: how each candidate is being perceived by the markets and behind the scenes in Brasília → What political polarization is doing to investments, the dollar and the mood of foreign capital → How political risk works in Brazil — and why most investors underestimate this factor → The behind-the-scenes dealings that the mainstream press doesn't tell: what is being negotiated away from the cameras → What an analyst with 30 years of experience Sees what the average investor still isn't seeing ━━━━━━━━━━━━━━━━━━━━━━━━━━━━ This isn't a financial education channel. This is for those who have already passed that phase—and want to understand the game from the inside. If you have assets, are building assets, or want to understand how real assets are managed in Brazil, you're in the right place. Subscribe. Turn on notifications. And welcome behind the scenes. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Also watch: → [EP 008 — Roberto Valverde: he sold the company and now challenges the M&A of Faria Lima] → [EP 007 — Richard Stad: from bad student to CEO of Aramis] → [Market Review #05 — Presidential race and its [Behind the Scenes] ━━━━━━━━━━━━━━━━━━━━━━━━━━━━ #FábioZambeli #PoliticalRisk #Elections2026 #BehindTheMoney #PresidentialRace #Lula #FlávioBolsonaro #Caiado #FinancialMarket #Ibovespa #Dollar #Politics #Brasília #PoliticalAnalysis #Power #Investments #WealthManagement #LifetimeInvestments #BTGPactual #FamilyOffice #Podcast #BrazilianPodcast #BusinessPodcast #Wealth #Finance #BehindTheScenes #ElectionYear #Economy #B3