Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:00The supply remains restricted with producers limiting sales
00:00:03keeping an eye on weather conditions in the coming months and the rise
00:00:07in export parity. It is worth remembering that
00:00:10producers remain focused on finalizing the harvest of the second 2025/26
00:00:14crop and planting the Summer Crop,
00:00:182026/27.
00:00:21Soybean prices continue to rise here in Brazil and the weather
00:00:25influences this. Understand. Recent
00:00:29previous years. According to the rains have favored the cultivation of the 2026/27 soybean crop,
00:00:32while producers take advantage of the good weather conditions to anticipate
00:00:36field activities and thus try to minimize the possible effects
00:00:40of El Niño, sellers remain withdrawn, avoiding
00:00:44large negotiations, reducing liquidity and raising prices
00:00:48in the spot market. On the buying side, domestic consumers
00:00:51need to replenish stocks at the same time that global demand
00:00:55is heated. Soybean meal is also on the rise
00:00:58with national buyers, international buyers competing for the
00:01:01product. Let's now look at the weather forecast for this
00:01:05Tuesday across
00:01:07Brazil.
00:01:13Tuesday continues to be marked by a contrast in weather between the regions of the
00:01:16country. The highlight is Rio de Janeiro and eastern Minas Gerais, where the rain continues persistently
00:01:20and may occur more heavily throughout the
00:01:24day, in addition to areas in the northern region of the country. In São Paulo,
00:01:28the trend is already a gradual decrease
00:01:30highlight once again, as I said in the in rain, although the ground still remains soaked in many areas
00:01:33and in the south, the cold continues, while the
00:01:37central region remains warm in most of the region. In the
00:01:40southeast, the combination of a low pressure area near the coast of São Paulo
00:01:44and Rio de Janeiro and a trough at middle levels of the atmosphere keeps the weather
00:01:48quite unstable, in addition to the passage of a cold front further away
00:01:51from the ocean. Rio de Janeiro and eastern Minas Gerais are the areas of
00:01:55greatest tension, with persistent rain forecast in the capital of Rio de Janeiro, the metropolitan
00:01:59region, Costa Verde, the lake region and the Zona da Mata of Minas.
00:02:03In São Paulo, the rain is already starting to decrease, but it may still rain between the
00:02:06north-central, coastal and eastern parts of the state, as well as the capital, but the
00:02:10trend is a gradual loss of intensity. Even so, the
00:02:13soil remains quite soaked in some areas. There is also a forecast of showers
00:02:17between south-central Minas Gerais, Triângulo Mineiro and western
00:02:20Minas Gerais, moderate to strong, and with an alert for storms
00:02:24in the south and in the Zona da Mata of Minas Gerais, in addition to heavy rain at some
00:02:27times, the ground remains soaked after the last few days of
00:02:31precipitation. And anyone who is near hillside areas or rivers
00:02:34should continue to follow the warnings from the civil defense, due to the risk of
00:02:38floods and also landslides. In the Midwest,
00:02:41dry weather predominates in most of the region, but some isolated showers may still occur
00:02:44in eastern Mato Grosso do Sul, southeast and south,
00:02:48eastern Goiás and also in the Federal District. In the other
00:02:52areas, the heat starts to gain more strength in the afternoon. In the north, the
00:02:55showers remain concentrated mainly in Amazonas. It may also
00:02:59rain in eastern and southern Roraima, with an alert for storms in some points,
00:03:03while in the other areas, the weather remains dry and hot. In the northeast,
00:03:07Tuesday will also have dry weather in most of the region. Only between
00:03:10the coastal strip of Paraíba and Alagoas is light to
00:03:14moderate rain forecast. In the other areas, it is hotter and the day
00:03:18remains drier. In the south, the weather is drier in most of the states. It may still rain
00:03:21lightly on the coast and northeast of Rio Grande do Sul,
00:03:25also on the coastal strip of Paraná, western
00:03:28Paraná and some parts of Santa Catarina and northern Rio Grande do Sul, there
00:03:32is also a chance of light and isolated rain. In the other
00:03:35areas, dry weather predominates. The cold continues to draw attention,
00:03:39especially in Rio Grande do Sul and there is a risk of frost in the rural areas of
00:03:43Rio Grande do Sul this Tuesday. While part of the country
00:03:46faces rain, some areas continue to have drier weather. Low
00:03:50humidity continues to draw attention in some areas, especially in the interior of the
00:03:53Northeast, Tocantins, northeast of Mato Grosso and the northern
00:03:57strip of Goiás, and the indices can be between 12 and 20% in some
00:04:01isolated points. In Porto Alegre, Florianópolis and São Paulo,
00:04:04a maximum of 19 this Tuesday and up to 23 degrees in Rio de
00:04:08Janeiro, in Belo Horizonte, temperatures can rise to
00:04:1127 and up to 31 in Brasília and Salvador.
00:04:15After the break, we'll talk about the progress of the decree that deals with bio-inputs,
00:04:19but before that, I have a message for you who use
00:04:21WhatsApp. Record News is on
00:04:24WhatsApp, more agility and precision
00:04:27in the palm of your hand, and there you can stay
00:04:31on top of the main news from Brazil and the world,
00:04:34all on your phone and to access it is very
00:04:37simple. Go to updates,
00:04:40channels and look for the Record News channel, in the
00:04:43upper right corner click on the bell to receive all
00:04:47notifications, connect and know what is happening in real
00:04:51time, 24 hours a
00:04:53day. Record News, you
00:05:02trust. Formal entrepreneurship in Brazil grew seven times faster than
00:05:06informal in the last 10 years. The research carried out by Sebrae used
00:05:10the period between 2015 and 2025 as a basis. In this
00:05:14interval, the number of companies with a CNPJ increased
00:05:17by 41%, with the total number of formal businesses jumping from
00:05:207.45 million to 10.05 million. In
00:05:24informal entrepreneurship, the increase in the same period was only
00:05:286%. The research also revealed that entrepreneurial
00:05:31activity has been increasingly a planned and
00:05:34stable option for millions of Brazilians, instead of being a
00:05:38temporary necessity, as in
00:05:41survey, in the last quarter of 2025,
00:05:4488% of formal entrepreneurs had
00:05:48more than 2 years of activity leading their businesses.
00:06:01We have been following here on Record News Rural the importance of
00:06:04bio-inputs and how Brazil is a reference in their use and there's good news,
00:06:08you know? The federal government has finalized the draft regulation of the
00:06:12input law. It reorganizes the regulatory framework for biological
00:06:15products used in Brazilian agriculture, changing the
00:06:19classification of inoculants,
00:06:37bio-input issue, all these new developments, I think it's important to
00:06:43opening, that Brazil is a reference in its use, right? And what is the
00:06:46importance of this for agribusiness and even for
00:06:50consumers? Well, Brazil is today
00:06:53seen as the country with the greatest potential for the much
00:06:56desired energy transition in the world, right?
00:06:59Nobody has so many characteristics, so many
00:07:03appeals as we do, so many resources. The
00:07:06whole world today seeks, some more,
00:07:09others less, but knows that the way
00:07:13is this energy transition and we
00:07:16have conditions to support a good part of this for the world, so
00:07:20this regulation of bio-inputs is another
00:07:22very important step, right, because it also opens
00:07:26markets for those who want this, for those who want a
00:07:29cleaner agriculture, without losing, without giving up
00:07:32productivity, which is what Brazil knows how to do well, right,
00:07:36and, besides opening these doors,
00:07:39Brazil is still able to revolutionize,
00:07:42to create scale over all of this, right, we know
00:07:45that bio-inputs, even without this
00:07:49very important regulation today, are not
00:07:52starting from scratch here in Brazil, it is already a market that moves something in the order
00:07:56of 6 billion reais per year and still
00:07:59according to the bioeconomy observatory of the
00:08:02Getúlio Vargas Foundation, the adherence to bio-inputs
00:08:06has the potential to increase the Brazilian GDP by 16 billion
00:08:10reais between 2020 and 2025
00:08:13and 2035 and when we talk about such an increase in the
00:08:16GDP, it is always linked to a chain of innovation, a chain of
00:08:20job creation and all of this is very important,
00:08:24so let's make it clear that this much
00:08:27anticipated decree that has advanced, has already passed through the civil house and so
00:08:31on, it is to regulate Law 15070 of
00:08:352024 and we cannot even call it only
00:08:39a bio-input law, right, because it provides
00:08:43a series of advantages for Brazil, right, because it has
00:08:46a reduction of uncertainty in the field, facilities
00:08:49for investment as it reduces uncertainties,
00:08:52it can be a
00:08:56vector for reduction, for substitution of
00:08:58imports, and when we talk about import
00:09:01substitution, we are talking about a reduction in the
00:09:05dependence on exchange rates, a reduction in
00:09:08exposure to geopolitical shocks that we are feeling
00:09:11now firsthand and so many
00:09:14more risks that this is capable of encouraging. We
00:09:18already have very advanced mechanisms here in Brazil,
00:09:21right? An example of this is CBIOs, right, actually it's
00:09:25RenovaBio that can generate CBIOs, remunerating
00:09:28that producer, in this case mainly sugar and energy
00:09:32who manages to reduce carbon emissions, and when we
00:09:36talk about reducing carbon emissions, it doesn't mean that
00:09:40just because it's biological, everything is solved, no? It's that, but it's an
00:09:43important step, for example, as it manages to substitute
00:09:46nitrogen fertilizers, which are high in CO2 emissions, so
00:09:50it's a very large, very important package for the Brazilian
00:09:54economy and for society as a whole. Well, right, Brazil
00:09:57is heavily charged by the world when it comes to sustainability, this
00:10:01could be another path, another important
00:10:04mark of our country, which now, then, has
00:10:08a new regulatory regime for bio-inputs. The idea
00:10:11then is to make everything clearer, all the rules of production,
00:10:15of purchase, of import,
00:10:18exactly, it's to put everything in a package,
00:10:20organized, to define, organize what this
00:10:24concept of bio-input is, right, and it brings
00:10:27very important aspects that always leave doubts,
00:10:30it brings inoculants,
00:10:34also bio-minerals, right, biological input
00:10:37plus mineral for this new
00:10:41regulation of bio-inputs, which before was mixed and treated with
00:10:45fertilizers with agrochemicals, which has a
00:10:47less hospitable treatment, so to speak,
00:10:50so it ends up reducing a series of doubts and bringing
00:10:54better conditions, reducing insecurity means
00:10:57also reducing costs in the field, right? Exactly, and you
00:11:01mentioned biominerals, this decree created a category that
00:11:05is unprecedented, isn't it?
00:11:07Exactly, it uses biological,
00:11:11bio-inputs with minerals, the dust of a
00:11:14certain rock or another mineral, which
00:11:18you had to classify before in the category
00:11:21of fertilizers,
00:11:23agrochemicals and... it was more difficult to treat like that, so it is an
00:11:27innovation that this
00:11:30regulation, which has a great intention to stimulate innovation,
00:11:34already brings ready for us. Another point that I think is important, which
00:11:38we have already brought up here in the past, Ricardo, is about
00:11:41own use, that is, the use, the
00:11:44production for use on the property itself, now there
00:11:48is also a clearer guideline about
00:11:51this, yes, this is the concept that is growing
00:11:55a lot in Brazil and it has been called
00:11:58on-farm, right, in production you can mix
00:12:02or you can use production residues, something
00:12:05that can be done from the gate inwards, now
00:12:09this regulation, in this regulation, from what is being
00:12:13seen, it allows, it makes clear this permission
00:12:16to use silage, residues,
00:12:20compost, among others to manipulate this within
00:12:24production, as long as it is not for commercialization or
00:12:27obtaining profit with this input, this is not the purpose,
00:12:31right, but it does allow it, even so it is important, because
00:12:35it verticalizes production on the property, it reduces
00:12:39costs and reduces a series of dependencies, right, with
00:12:42fixation, with fixation price, with
00:12:46in the case when you need to import with exchange rate exposure
00:12:50and all that, so this is very welcome
00:12:53for the owner who uses, who benefits from this on-farm,
00:12:57what is the risk? The risk, Kelly,
00:13:00is to reconcile the freedom that is being
00:13:04granted with the guarantee of quality
00:13:07and safety, this is because we are also talking about
00:13:10small properties. The large ones that already use this have
00:13:26wording of this decree that will actually be
00:13:29published to see how this will be treated. Ricardo, you have already outlined,
00:13:32but I would like to highlight here that one of the main changes that
00:13:36has been widely reported is precisely inoculants and
00:13:40bio-fertilizers leaving the fertilizer category. Why is
00:13:44this relevant? Look,
00:13:47mainly, when a country, and a country or another
00:13:51buyer wants more security, today it needs to be
00:13:54treated as a use of agrochemical,
00:13:57chemical, and this can inhibit sales, it can inhibit
00:14:00markets, it can also have a tax differentiation,
00:14:04all of this brings better, greater legal certainty,
00:14:08because it comes to the field of bio-inputs, no longer
00:14:11fertilizers and agrochemicals, even organic fertilizers
00:14:14change their
00:14:16classification,
00:14:19they change their classification, they start to be regulated now by
00:14:22this new device, it's not because it's organic, that it's
00:14:26biological, that it's safe, but it does need
00:14:30regulation, it needs care,
00:14:33attention, and all of this tends to be detailed in this mechanism
00:14:37which is very important, it's not enough to have a law, but we need
00:14:41the step-by-step of how to do it, that's what brings legal
00:14:44certainty to the field. Well, and when we talk about sustainability,
00:14:48we cannot forget reverse logistics and this
00:14:51was also a point that was not left out.
00:14:56Yes, reverse logistics is very
00:14:59important, it is very beautiful in
00:15:02discourse, but it obviously also brings
00:15:05costs, so it needs to be well calibrated
00:15:09to understand what is actually necessary for the producer to bear
00:15:13with this cost, and now, when it comes to bio-inputs, the issue of reverse
00:15:16logistics will be restricted
00:15:20to the so-called phytosanitary products that deserve
00:15:23more care, more attention, but it also
00:15:26exempts the producer from a series of responsibilities, this is
00:15:30very important, exactly, and we will certainly continue to monitor
00:15:33this, regarding labels, which is also a major
00:15:37concern, right, it is clear that there is a deadline to adapt to all
00:15:41of this, in the short
00:15:45term, this is the biggest risk, because we are
00:15:48seeing that there are many more benefits than problems,
00:15:52right, there are many more pros than cons, now
00:15:55adaptation in the short term, despite
00:15:58there being a deadline to organize, but
00:16:01labeling, the change in specification,
00:16:05product presentation will really imply a cost
00:16:09for those who work with this product. Of course, it still needs
00:16:12President Lula's signature for all this to actually happen. We
00:16:15will continue to monitor this closely, but I would like you to also
00:16:19give us, please Ricardo, an analysis of the
00:16:23importance of these steps that Brazil is now
00:16:26taking to try to reduce a little international
00:16:30dependence when it comes to fertilizers. We depend
00:16:33too much, we are living a very complicated geopolitical
00:16:37moment, we don't know yet when the conflicts will end,
00:16:41especially in the Middle East, right, which has a ripple effect, blocking
00:16:45the Strait of Hormuz, so how are we preparing
00:16:48ourselves in this regard to reduce this dependence
00:16:51a little, also looking at our quantity
00:16:54of production, right, it's a country that produces a lot several times a year, thankfully,
00:16:58right, we are privileged, despite the challenges, we manage to
00:17:02produce well,
00:17:04well, Kelly, it seems that all the problems, all the
00:17:08risks, right, of the international market, the risks to
00:17:11the field, arrived all at once, and when
00:17:14it reaches this point, it's difficult to take timely actions, but
00:17:18it's necessary that this serves as a warning to us, of the risks of
00:17:22dependence, and nothing better than the
00:17:24main country that can feed the world, the country that
00:17:28can almost carry on its shoulders the energy transition that the world
00:17:32needs, to prepare for this, to prepare by giving
00:17:35conditions to its producer, so that it doesn't become hostage to everything, right?
00:17:39And when we do this, looking at our potentials, as we are
00:17:43doing now, as we know that we have enough
00:17:46technology to reconcile environmental
00:17:49preservation with agricultural yield, and also show
00:17:53the world that it is possible to harvest with respect
00:17:57for the environment, that is even better, because we can,
00:18:01for example, replace nitrogen fertilizers, which is a big problem
00:18:04for CO2 emissions. So all this
00:18:08puts Brazil in the world's showcase, opens many markets,
00:18:12strengthens our agriculture, puts us at the forefront, it's
00:18:15very important, a step like this. Well, especially at a
00:18:19time when, for example, the OECD and FAO
00:18:21say that it is necessary to produce more
00:18:25food, and Brazil is the country that can best
00:18:29meet, grow in food production, without necessarily expanding
00:18:32the cultivated area. So, in this sense, how do
00:18:36bio-inputs contribute to all this, once you have told
00:18:39us now, right, we are highlighted in the
00:18:42showcase?
00:18:44Yes, look, bio-inputs play a very important role for
00:18:48this, to remove, because Brazil has so many
00:18:51riches and in some chains of
00:18:54agrochemicals, agricultural defenses, we become dependent
00:18:58on the rest of the world, right, and this is the big problem
00:19:02and bio-inputs can help us a lot
00:19:05and of course when the world wants to preserve the
00:19:09environmental situation also and it's curious
00:19:13because we are one of the countries that preserves the most
00:19:17and one of the countries most charged
00:19:20also due to the risk of competitiveness that we
00:19:23manage to impose on our competitors, so this
00:19:26ends up becoming discourses that are not very
00:19:29accurate about what we do, now when we
00:19:33manage to show the world that there is
00:19:36technology to produce with
00:19:39sustainability, we gain many points in the
00:19:42international scenarios, despite being
00:19:45always the target of constant attacks,
00:19:49because all they want is to eliminate
00:19:52the competitiveness that Brazil offers or at least reduce it,
00:19:56exactly, we follow this very well, right, here daily on
00:19:59Record News Rural. Ricardo, how can this decree
00:20:03really advancing contribute then to us, including
00:20:11increasing the production of bio-inputs with legal certainty, from the moment that it is known
00:20:14exactly how I will be treated if I use a
00:20:18bio-input, because it is no use for me to
00:20:21be responsible, work with bio-input and be
00:20:25treated the same way as that producer who uses
00:20:28chemicals, who has less responsibility, so to the
00:20:32extent that this can reward me as a good, as
00:20:35an farmer with good practices, compensate me, the market has to
00:20:39pay for it and everything indicates that it will pay, yes,
00:20:43it is a very big step in food production
00:21:03News Rural ends here, thank you for your audience, we'll see you in the
00:21:07next program, agreed, see you
00:21:09there.
00:21:15Founder to founder with Márcio Cogut.
00:21:26Hello, welcome to another founder to founder here on the
00:21:30Business Innovation program on Record News Portal R7 and all
00:21:33digital platforms. I am Márcio Kogut, today
00:21:37I welcome once again Álvaro Chocair, who is
00:21:41the founder of Link School of Business, a
00:21:44pioneering and disruptive institution in
00:21:47Brazil, focused exclusively on training
00:21:59program, telling a little about your journey from the financial
00:22:03market, to the vision of creating Link
00:22:06and even the difficulties you had at the beginning, right,
00:22:09with the regulator, to show that your purpose
00:22:13of creating a business school
00:22:15could be important
00:22:19for Brazil. Today we are going to talk more about Link's
00:22:23methodology, right, the time Link has been in the market and now
00:22:26your disruption once again
00:22:29in taking a school from Brazil to the United States, tell
00:22:33me, how long ago was
00:22:37Link created, how long ago was Link's first class? Link's
00:22:41first class started on August 3, 2020, that is,
00:22:45six years and a little, a pandemic, how was it in the middle of the pandemic? We didn't
00:22:49expect it. We ideally launched Link
00:22:52in January 2020 for the mid-year entrance exam, in March the
00:22:56pandemic came, look, so what
00:22:59should have been very challenging, which was having a new university
00:23:03that costs twice as much as GV and Insper without being able to have an
00:23:07open campus, never graduated anyone, you don't know who the teachers are, you can't
00:23:11receive anyone for a visit, we said how do we get the students in here,
00:23:14you didn't know that, what a disruption, huh, then there was a big advantage,
00:23:18I say, it's I don't, right, Ayrton Senna said
00:23:22that on the straight everyone accelerates, but what the driver did
00:23:25differently on the curves, right, and a curve with rain
00:23:29called a pandemic appeared to us, what happened, all the institutions closed their
00:23:33doors basically to adapt,
00:23:36we looked at social media and said this is our
00:23:39place, here we know how to play very well, here we
00:23:43swim easily, Link when everyone
00:23:46closed, Link started to teach before
00:23:50existing online, look, we did live, 24
00:23:54hours of live with the main entrepreneurs in the country, with the main executives in the country,
00:23:58with the main successful people in the country, Luiz Helena came
00:24:02Trajano, Benchimol, Luiz Alves, pais de Barros,
00:24:05Bernardinho, Alexala, it was a
00:24:08show of intellectual generosity, it ended
00:24:12up that our selection process, we had 50 vacancies, we received
00:24:15950 candidates in August, we went to the
00:24:19university with our highest ratio of candidates per vacancy,
00:24:22which happened in the middle of the pandemic, I also had this luck because when I launched
00:24:26Micon, I effectively launched in March of January
00:24:302020, March came the
00:25:09we had an insight to take all the materials
00:25:13from the national health agency in Brazil and abroad
00:25:16and reprogram the artificial intelligence of Mikel to give tips".
00:25:20about COVID, look, so we put a mask on our chatbot
00:25:23on Michael, then we told people, look, if
00:25:27you're in doubt about what COVID is, how to take care of yourself, wash your hands,
00:25:31approach, how you get it and so on, we took all these manuals, at the time
00:25:35generative AIs didn't exist as we have today, at the time
00:25:39we had to create a generative AI within Google's dialog
00:25:42flow, so we made eh intentions and
00:25:46contexts and trained the machine learning, then we spent the whole
00:25:50weekend training, then later we gained spontaneous media because
00:25:53all TV channels started talking about
00:25:57entrepreneurs reprogramming the artificial intelligence of the chatbot to give
00:26:00COVID tips, look. Millions of people, man, it crashed our
00:26:04server, millions of people went in there, started to get to know
00:26:07Michael, we gave COVID tips, in the end we talked
00:26:11about the consortium, in short, in the first two, three months we didn't
00:26:14sell a single quota, but then when everyone started to calm
00:26:18down, everyone already knew Marco, we started selling and
00:26:21so on, so that's good. What you mentioned about Link, about you being
00:26:25prepared, about living in the digital world, having social
00:26:28media there and already creating events.
00:26:33the lectures everything online was
00:26:35a a stroke of luck or were
00:26:39you already prepared to do any
00:26:42type of class and training without people needing a link because you have
00:26:46a big campus there, right? You invested millions, you have
00:26:49technology, it's a super pleasant place, do you also have
00:26:53this perception of wanting eh people
00:26:55to always go to Link or can you also have
00:26:59online, how does that work? The methodology is 100% 100% in-person,
00:27:03we believe a lot in in-person, of course online is
00:27:07available due to necessity, right? Wow, we managed
00:27:11a class with the founder of
00:27:14WeWork in Israel, the pandemic was just a coincidence, the pandemic made you
00:27:18manage to complete what you were doing because nobody could leave
00:27:22home, you know why, Márcio, of course, we use a good entrepreneur
00:27:26is different from an executive, right? The entrepreneur solves problems, he doesn't, he doesn't
00:27:29look much at compliance, at legal to see if he's going to... have a goal, if he's going to be
00:27:33fired, if his bonus is going to increase or not, he wants to make things
00:27:37happen, period, right? So I think that was the first big difference,
00:27:41eh, with the resources you have, the time you have, the
00:27:44people you know, you go there and extract the best juice you can get
00:27:48from that, right? So online came to meet a
00:27:52need, but we believe in physical presence, eh, I think
00:27:55Link is a construction university,
00:27:59a good part of its methodology, if we can divide
00:28:03it into three, you have all the business tools, you have human
00:28:06development that we call people skills within it, and you have the great laboratory
00:28:10that is an incubator and business accelerator there, I can't do that
00:28:14online, no, no, you know why? Because online is
00:28:17very good for transmitting knowledge, but transmitting
00:28:21knowledge is what has become a commodity, transmission, you and I,
00:28:25we, you and I, we went to college to
00:28:28receive knowledge given by someone, nowadays
00:28:31there is no class on the internet that is given
00:28:34at Harvard,
00:28:37there are all the Harvard classes available on the internet,
00:28:40right? Eh, you may not have the same professor, not have the
00:28:44same semantics, but that subject, that topic is
00:28:47available there, you just need to ask, right, or
00:28:51it reaches you, so I think online is very good for distributing
00:28:54content, knowledge, but for
00:28:58you to build something, it needs to be in daily life, I don't
00:29:02agree with you, especially since you have the mindset of being a business
00:29:06university, of entrepreneurship, I think, for
00:29:09example, in my opinion, the biggest challenge I had with my
00:29:13partners and a misalignment when I was when I founded
00:29:17Michael was precisely when it came back, the
00:29:20pandemic ended and everyone started wanting to work from home or
00:29:24hybrid, I am against that, there are people who
00:29:28can, for example, I interviewed here the founders of Asas, they are two
00:29:31brothers, they have 1800 employees working from
00:29:34home, I say how do you manage that, right, 1800
00:29:37employees working from home, I think
00:29:40the employee right, the entrepreneur, one
00:29:44thing is for us to say the following, obviously the pandemic brought a lot of
00:29:47learning for us, that you no longer need to take a plane,
00:29:51travel, spend money, commute to go and have a
00:29:55meeting with someone from abroad, of course, you open a
00:29:58Macau and do it, you don't need to do that, now obviously for you to
00:30:02exchange experience, exchange knowledge and be more effective, you have
00:30:06to have presence, so I believe a lot in
00:30:09companies that have an in-person part, the
00:30:13hybrid I think has to be meritocracy, people of a
00:30:16more more eh
00:30:19senior level have the responsibility to know that ah
00:30:22today is Monday, I'll do it from home, Friday I'll
00:30:25do it from home and so on, but you can't have
00:30:29home office and this hybrid for me is...
00:30:32complicated and specifically within
00:30:35Link, when you say it was 100% in-person
00:30:39it's because I had the opportunity to visit there, I went there with Carol Piif,
00:30:43we had a day there when you were having the pitches
00:30:46from your venture startups, I went one day when there
00:30:49were several entrepreneurs exposing, it was a
00:30:53mini-fair of entrepreneurship and each
00:30:55entrepreneur was exposing their company, their business, I
00:30:59found that very fantastic and the exchange of experience. It's also
00:31:02very important, right, Álvaro, because ah, I think that...