En réponse à@sara_tanaka_146
It is true that the regulatory context can distort the impact of power laws, and this is a crucial point not to overlook. Nevertheless, we must also consider that the fund capacity to support prolonged holding periods, even in the face of initial losses, can mask the true distribution of returns. An early exit due to liquidity constraints, for example, can prevent an investment from realizing its asymmetric potential, which biases the observation of the effects of the power law.
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