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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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Not corruption. Not politics. Just… incompetence. A real project. $800M. In LatAm… No more details, as in this distribution list, there are too many people living in that country… Here you are the 4 red flags that would have helped you to smell blood miles away. First red flag: They didn’t understand their own project. I’m not exaggerating. They launched the RFP with: Misaligned traffic studies Outdated geotech data A design that didn’t match the environmental permits Second: They outsourced...
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” -...