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An invisible power you need to know
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Codie Sanchez once explained that “If you want to know where future fortunes will be made, don’t look at markets; look at rooms” ​ And she continued: ​ “Wealth follows proximity. The closer you are to capital, information, and ambition, the higher your expected return. If compounding is the eighth wonder of the world, proximity is the ninth.” ​ This is probably the best piece of advice I have received in the last 12 months. ​ Economists call it agglomeration, the phenomenon where productivity and innovation rise as people and ideas cluster together. ​ Think about it. ​ You can see it from space: in the skyscrapers of Manhattan, the office parks of Palo Alto, the warehouses outside Shenzhen. Money attracts money. Talent attracts talent. Capital, in every form, attracts more capital. Think of Detroit. Engineers, suppliers, and union leaders clustered around cars. Storytellers in Hollywood built the world’s culture engine. Engineers and private capitalist in Silicon Valley built the innovation center of the world. And what about Wall Street? All that power in just one street. ​ That’s the Power Law of Proximity: opportunity concentrates, and the people close enough to feel the heat are usually the ones who capture the upside. ​ Why do I insist so much about the need of a healthy pipeline of construction projects in a state, province, city or country? ​ Now, you have a scientific answer to what it seemed evident to me. More capital. More talent. More companies. More innovation to win contracts. ​ And what about you? In which rooms are you getting in? ​ What about this one? ​More than just PPPs​ ​ 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. ​ ​ |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
A couple of weeks ago, someone that I know commented this: “Vicente, I’m sick to death of my job… every Monday I feel like jumping out the window. And what it’s worse… now they want to reduce staff and I don’t know what to do” She wasn’t exaggerating. And from what I understood, it wasn’t the first time she’d said — or thought — something like that. And surely not the last. Built-up exhaustion. Unpaid overtime. A boss who confuses “leading” with being a pain in the ass. And a salary that...
I once read that in one TV show a liberal made a proposal to a communist. “Let’s split the world in two. You keep whatever you want, but let’s separate. You do what you have to do, and we’ll do what we have to do. Then, after ten years, let’s see where each of us stands.” Speechless. Wonderful, isn’t it? Because of these TV shows, it’s been more than 15 years that I don’t have a TV at home. Because, there’s something even more wonderful. And that the “liberal” or the “communist” did not see....
When I was sent to the “world”, I had no “puñet€ra” idea. Not much internet. Navigating with your phone was like hoping to get into the love cam in a Cold Play concert. A lottery. That if you won it… it’d not bring nothing good. Travelling was hard. Complex. No Teams. No nothing. But there I was. In a first meeting, in front of people that doubled my age. To discuss about business, financing… and likely tax evasion. It was my third day on the job. And my third day in PPPs. I would have loved...