I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Gold out of the weeds
|
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 👇
Eastern Europe. Late 2000s. If you are old enough, you can feel the context. A massive highways PPP. Toll road. Billions in capex. One of those “nation-building” projects politicians love to parade in front of TV cameras. You can smell now the country… Your consortia are seasoned. Anyone knowing how to pour asphalt on top of something lined up. Your lenders are aligned. Your traffic advisors have gone blind staring at stochastic models. Everyone is gearing up for a clean, competitive...
I buy houses, apartments and buildings from 20.000km distance. In Spain, Panama, New Zealand… and I can stay anywhere. Of course, I don’t recommend that for you. Some people want to push globalization too much. Having assets in London, NY, Madrid, Singapore, Sydney, etc. at the same time is not good for your health, nor your pocket. You miss specialization. You miss learning and knowing well a market. When bidding PPP projects, I have seen successful bidders doing so from the distance....
It happens a few weeks ago. “Tell me about Madrid and Spain, how do you do it? I heard a business case that Madrid has been able to deliver the cheapest tunnels in the world…” I did not know about that case, but my answer was simple: “Do you know how many TMBs had Madrid at the time?” Look. If you want cheap infrastructure, create a pipeline. Madrid had during more than 10 years between 7 and 8 TBMs (the machines to make tunnels in engineering slang). They are extremely costly. So, they...