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Once I thought that I would be rich, that I would be successful… because I worthed it. It wasn’t that Hollywood crap about “work hard”, “American dream” and all that stuff. I considered myself smart, and just because of that, I thought that the riches will come to me effortless. I learned how to read at 3… just by myself. First some children books. At 5, the bible. At 6, the Quixote… Top at school, university, MBA… I was going in a right direction, you would say… And you are wrong. And I was wrong. How smart you are, or you think you are, is irrelevant. Absolutely irrelevant. Being smart won’t bring you anything. Nada. Absolutely nothing at all. If you are really smart, you may end as a lab rat working for peanuts or, in the best case, working a 9-9-6 in a highly pay corporate trap… as a trapped rat in the rat race. Sorry, but no… not for me. To do great things in life. To leave a legacy to the world, to your children, you don’t need to be smart. It’s all about attitude. It’s all about mindset. Your brain can be just ballast. Remember that. Primitive risk aversion. Primitive loss feelings. Primitive sense of protection. Primitive finite games. You are still wired as if you were living in the caves… and many things have changed since. And I was wired like that. Corporate chain. Good position. Good paycheck. Pay as much taxes as possible. Avoid bothering anybody, including the taxman. Don’t make too much noise. Just do your thing and you’ll be accepted and protected in your tribe. Well… I was able to break those chains… despite excess of ballast, I would say. And you know what? Anybody can. Because, how to do new things, change your mindset and attitude can be taught and learned. If you want to start with something interesting, I propose you this: ​Even you can make money in real estate​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. |
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You hear this word a lot in PPP meetings. Bankable. “This contract must be bankable.” Everyone nods. No one asks the obvious question. What does bankable actually mean? Let me translate. A PPP contract is bankable when a bank can look at it and say: “Fine. If everything goes wrong… we still get our money back.” That’s it. Not innovation. Not sustainability. Not beautiful PowerPoints. Money back. In Question 50 of the course below, I explain what really makes a PPP contract bankable. Because...
Innovation is one of the biggest fallacies in construction and PPP contracts. Governments love the word. It appears in every PowerPoint presented to ministers, investors and journalists. Innovation. Innovation. Innovation. But what exactly is innovation? A toilet that cleans your as$ with a water jet and eliminates toilet paper. Innovation? Maybe. Maybe not. It depends. In Question 28 of the course below, I explain how “innovation” actually works in PPP bids. How to win points if you are...
One of my fauvorites… A toll road PPP. Beautiful business model. Traffic studies. Economic growth projections. Sophisticated demand modelling. Consultants everywhere. Like queuing for free ice-cream… The road opened in 2007. The project was the South Bay Expressway SR‑125 toll road. Everything looked perfect on paper. Except for one small detail. Drivers. They didn’t show up. The financial model predicted tens of thousands of vehicles per day. Reality? Sometimes traffic was 70–80% lower than...