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Gold out of the weeds
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Doing things different to the rest of people around you will send you to different places. I’m not saying Cook Island, Vanuatu, Fiji… some of my last trips, but “other places”. You’ll get sued. You’ll sue someone. You’ll get robbed. You’ll make amazing friends. You’ll meet incredible people and partners. You’ll grow… faster than “the rest”. You’ll become smarter, calmer, more focused… faster than the rest, by the way. Be around people that you admire will push you closer to that people… you’ll become one of them. This is why friends, colleagues, partners and so on are so critical. Solo you can do things faster, but with great people around you, you’ll go further. One of the things that cost me a long, long time to learn was the “focus”. To separate the gold out of the weeds. What I did in Real Estate terms is explained below. ​Is this piece of Real Estate a good investment?​ 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 | 👇JOIN +2k readers 👇
Selling used stuff online is hard work. A lottery. A candy box. I tried it once. In less than 5 minutes, I got a message. 30 seconds later, I knew it was a scam. Emoticons. Broken grammar. Asking for my number immediately… when the platform literally tells you not to. Block the user. Close the chat. And then do what a good SPV CEO does… Subcontract. Pass it to someone who knows better. Create the right incentives. Supervise. Manage issues. Etc. Life is just another PPP. Your standards say a...
The pattern... Different country. Different name. Same movie. A “strategic” project. Big announcements. Strong political backing. Aggressive bids. Beautiful financial models. Everyone smiling at financial close. And then… After bonuses paid and elections won… Reality. Costs go up. Time disappears. Risks… yes, those that were “managed” and “transferred to the party better able to deal with”, start showing up. Suddenly: - contracts are “reinterpreted” - assumptions were “too optimistic” -...
When people talk about successful projects, these are the usual suspects: The deal was clear from day one Risks were allocated… not hidden The wrong bidders didn’t show up Time was respected Decisions were made early The contract was readable Banks believed the story Equity had skin in the game The public side knew what it wanted Advisors added value (for once) Construction was not “optimistic” Problems were solved fast Ego was controlled Operations were considered from day one Someone owned...