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When you are with your radar on, even a short trip can bring you great ideas. You drive, everybody is sleeping, and you see business opportunities or business ideas. I can’t help it. Suddenly you see that there are people “operating” farms. I think that’s a great idea. I come from the countryside and I’m sick of seeing old people with no succession plan, and no buyers for their land. Great idea. Old and tired, too much work, very little gains, they can’t cope with technological changes, they close. With lots of baby boomers retiring, this seems to have a market. It’s like arbitrage in Airbnb… you don’t need to have lots of properties to make money in the real estate market. Just rent long term, operate short term rentals. It takes some work, but it’s profitable. Still… many people will read this, and won’t even get to the internet and check competitors for the farm operators, business models or whether there is any opportunities where they live. I did. And I won’t tell you the results. It’s just a question of mindset. You can see opportunities everywhere, or just trouble. If just see the second, don’t complain about Trump, Biden, taxes, or your paycheck. Take a look to the business opportunities I explain in this little book. Buy it today. Next week, I double the price. ​
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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...