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It's becoming tabu
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It’s a constant. When you talk freely about money you’re critized. And not just from Spain, the country that is a fiscal hell but the paradise of criticism and the prosecution of the rich, no… It’s everywhere. It’s becoming a kind of tabu. Look. The world is full of people who say, "money isn’t important". Good for them. But I think they don’t know what they’re saying. They just say it for the sake of saying it. It’s a cliché. If they stopped for a moment to think, they would realize that money matters to them more than they’re willing to admit. For money, they spend a large part of their lives doing things they deeply hate. So Spain is a poor country, or Spanish people poor in mindset. And it’s a pity, because some of the stories I tell in the book below, that money made through smart investing, are in Spain. And if you can make money there… trust me, you can everywhere.
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Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
For the last few days, I’ve been watching PAW Patrol: The Movie with my son… Several times. You know… school holidays… At this point, I could write the technical due diligence report without using my notes. An idiot becomes mayor of Adventure City. His first infrastructure idea? Put a loop in the metro line. A loop. For a train full of people. On the first trip, logically the train gets stuck upside down and everyone needs to be rescued. It seems someone forgot to calculate that a train is...
I’m going to China in a few days. Suppliers. Factories. Meetings. And plenty of opportunities to discover that what I thought I knew was wrong. Preferably before transferring any money. In big infrastructure projects, that timing matters rather a lot. Take Brisbane’s Clem7 tunnel. In April 2010, its operator announced that 1.24 million vehicle trips had been made through the tunnel during its first three weeks. Almost 59,000 a day. Lovely numbers. But meaningless… If you stopped at that...
Look at this story told to me by Muhammad Danish, a top expert in PPP... Pakistan. A road to be built. A few years ago. Inflation was running wild. Prices were changing so fast that a contractor could buy materials on Monday and regret being born by Thursday… until he discovered he could sell them for a fortune on Sunday. The government’s advisers saw the problem. If the private partner had to carry all the price escalation risk, the bids would be absurdly expensive. Or there would be no bids...