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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 👇
You know what I like saying. The most expensive piece of infrastructure is not a tunnel. It is not a bridge. It is the Send button. Welcome to Northern Ireland. Project Omega. A 25-year PFI plant for wastewater and sludge treatment. The SPV, Glen Water, put a £4.4 million claim. The issue? Failures by Northern Ireland Water to meet its obligations for an existing incinerator. Typical… the client not meeting expectations… And this is what everything stats to be interesting. There had been...
There is a strange phenomenon in big projects. The bigger the project becomes… …the smaller your world gets. Egos kill more projects than bored consultants. I’ve seen it. Normally, it goes like that… You spend your morning discussing clause 38.4. Lunch reviewing the debt sizing. And your afternoon arguing whether a risk should be red… …or dark orange. … and what would be the right color after mitigation… Meanwhile: Interest rates move. A contractor issues a profit warning. A Government...
You arrive to the room like a child with new shoes. First project meeting. Excited. Then a guy with not much hair says… “The SPV will pass the risk down through back-to-back contracts, subject to equivalent project relief and the lenders’ step-in rights.” You nod. Of course you nod. You have a degree. Twenty years of experience. And a LinkedIn profile that says “strategic leader.” You cannot possibly ask what the hell that means. So you write “back-to-back” in your notebook. Twice. Must be...