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It's been a miracle
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The world is a hard place. Not only if you live now in Canada, Panama or Greenland. It’s a hard place. Period. People that say that money is not important have no idea of the power of money. It’s freedom. It’s choices. I just saw today the picture of a newborn among other 60 immigrants in a patera, a ship that you won’t use to fish in a lake with a couple of friends, used to travel with other 60 people, hundreds of miles in the Atlantic, from Africa to Spain. The newborn was born in that patera. In that ship. Rescuing him alive was a miracle. Money moves people to risk their lives or their most precious possession. Money allowed to locate these people, to rescue these people and to make miracles. I don’t know about you, but this is the best piece of news I’ve seen in a while. ​ You surely have more choices. ​ If you want to do good for the world, make money, get rich, use your freedom to do good… and, if possible, miracles. ​ I’m in my way. Below it is how. ​Even you can make money in real estate. ​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
I love going to local markets. I tried one this weekend. All vendors shouting: “Try this.” “Taste that.” “Best cheese in town.” “Organic honey.” Everyone fighting for your attention. It’s nice. It feels human. You try things. You buy things. You feel good helping local producers. I love that. But price is sometimes an issue. It’s not cheap. And it can’t be cheap. These guys work at very small scale. Their margins need to be enormous just to make a living. I don’t blame them. And honestly,...
I’m an engineer. By accident. But an engineer nevertheless. I’ve seen landslides during construction, and after construction. Specifications not converting properly between inches and cm. Expansion joints popping up in summer like popcorn. Pavement failing in the first winter after opening. Subcontractors going broke. Or bought by the competition you stole the project from… But still… 80% of serious PPP failures are NOT technical… They are contractual. Risk allocation errors Toxic KPI regimes...
You know I’m no fan of the World Bank. But from time to time, curiosity opens some doors. This is what I found. More than 50% of PPPs are renegotiated… Let that sink in. 50%. And usually in favor of the private sector... 50–60% of PPP contracts in developed countriesand up to 70% in emerging marketsare renegotiated within the first 5–7 years. So the contract you sign is not the contract you live with. What does it mean? Simple… It means the real risk allocationis not the one approved by...