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When you realize that the celibacy of Catholic priests, cardinals, and even the Pope has more to do with issues arising from the inheritance of descendants than with a mythical sacrifice to devote themselves to God... you realize that they’ve been deceiving you, manipulating you, creating obedient little sheep. This case is not unique. People's minds are full of preconceptions, fixed ideas, and false myths. In all aspects of life. Laws. Regulations. Politics. Religion. Etc. Personal finance, contract management and business are not different. But, as I don’t care what’s on the TV or social media, these things touch me every day. And they touch you every day too. People were told stories. They believed them. Without understanding the why of the myth. This is what I try to do in the course below. Perfect thing to do in a weekend. Learn and fill your head with new thoughts and perspectives. This course is about mistakes in a project, but you could apply the learnings to any project, to any business and even your life because I try to go to the root of the whys and the myth creation. I challenge you. What are you going to do this weekend that will mark a milestone in your path? I propose you this. ​The 15 Lessons Learned of a PPP Project Nightmare​ 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 know I love real estate… Well… Imagine hiring a property manager. Then the tenant still calls you. You chase the unpaid rent. You arrange the plumber. You check whether the repair was completed. And, at the end of the month, the property manager sends you an invoice. It’s not a joke. This happens every day with assets worth billions of dollars. Investors hire people to manage their SPVs. But the investors still have to: Chase the board papers. Coordinate the operator, contractor, lenders...
Twenty years in the market. Dozens of transactions. Deep sector knowledge. Blah, blah, blah… Everyone says they are experienced… until you ask the question. “How much will it cost?” The answer: “It depends.” If you have seen this before you continue to dig in and you’ll see these answers: “We’ll charge based on time incurred.” “We can give you an estimate, but it won’t be binding.” I get it… I’ve been there. Partners. Directors. Senior managers. Managers. Analysts. Look. Everyone is...
I understand. Saving public money does not put a politician on TV. It is much better to announce that you are spending $1 billion. A new road. A new bridge. Some magnificent piece of infrastructure. Probably unnecessary. Possibly in a small town. But located in a very interesting constituency if you want to be re-elected. I get it. Avoiding the need to build infrastructure is even worse. You risk being called: “Cheap.” “Short-sighted.” “Not committed to your voters.” I get that too. The...