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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 👇
2016. Lagos. A very serious consortium thought it had secured a very serious project... The Fourth Mainland Bridge. Thirty-eight kilometres. ₦844 billion. A 40-year toll-road PPP. Wow. The consortium included major contractors, banks and infrastructure investors. They had the Government. They had signed an MoU. They had even announced a three-year construction programme. The champagne was open. Celebrations… But… The champagne was not cold enough. You’d say… details, the important thing is...
A few months ago, I worked on a project where the client refused to use AI. Cybersecurity, they said. Fair enough. Cybersecurity matters. But their solution was extraordinary. They preferred to spend hundreds of hours of senior professionals’ time… At around $500 an hour… On tasks that AI could complete in minutes. Trust me… even if in my pocket… the money does not pay to waste your time like that… These were some of the best professionals in the country. The client did not trust them. It did...
If you thought that nothing could be worse than yesterday example, let me tell you something. Again, the UK. NMC Health was a FTSE 100 company. It operated hundreds of healthcare facilities across the Middle East. It was worth billions. And every year, EY audited its accounts. Seven years. Seven unqualified audit opinions. Around ÂŁ14 million in audit fees. Everything appeared fine. Until 17 December 2019. That day, a small research firm called Muddy Waters published a report. It questioned...