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Today is my last day at NX2. Last day. 6 years as a CEO. ​ Why leaving? I needed a change. Yes, just like that. Bye, bye, big salary, big bonuses, big responsibilities working for others. Bye, bye… last day. ​ I could have added a speech about my great team, our great job, our achievements, etc… but I let those things for the people that love to talk about the weather. ​ There is a perfect time to move on, and mine was well overdue. Now, no plans. No commitments. No work. No rush. Just freedom, and many ideas in my head. Calm, and satisfaction. Even some dreams. ​ I have been building during years my financial freedom and now it’s time to taste it as good coffee. Time with my child. Time to do a few things at home. Time to walk in the park under the sun. Time to practice some kung-fu… mental and physical. ​ Look, when coffee is roasted it creates many chemical reactions. One of those reactions builds-up carbon dioxide. Good coffee comes in packages with one-way valves. They allow carbon-dioxide to escape without allowing oxygen into the package. Coffee reaches its peak in flavour from around 12-15 days after the roast date. Then, flavour goes down and coffee ages with exposure to oxygen. ​ I had the time for my chemical reactions. I matured my ideas, my experience, my businesses, and now, I feel it’s my time to build something great and big. ​ If interested, you can register your interest here. The idea is passing you my knowledge as manager, CEO and investor through small, easy, digestible lesson learned. ​I'm interested - I click here. ​ ​ ​ 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. ​ ​ |
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Eastern Europe. Late 2000s. If you are old enough, you can feel the context. A massive highways PPP. Toll road. Billions in capex. One of those “nation-building” projects politicians love to parade in front of TV cameras. You can smell now the country… Your consortia are seasoned. Anyone knowing how to pour asphalt on top of something lined up. Your lenders are aligned. Your traffic advisors have gone blind staring at stochastic models. Everyone is gearing up for a clean, competitive...
I buy houses, apartments and buildings from 20.000km distance. In Spain, Panama, New Zealand… and I can stay anywhere. Of course, I don’t recommend that for you. Some people want to push globalization too much. Having assets in London, NY, Madrid, Singapore, Sydney, etc. at the same time is not good for your health, nor your pocket. You miss specialization. You miss learning and knowing well a market. When bidding PPP projects, I have seen successful bidders doing so from the distance....
It happens a few weeks ago. “Tell me about Madrid and Spain, how do you do it? I heard a business case that Madrid has been able to deliver the cheapest tunnels in the world…” I did not know about that case, but my answer was simple: “Do you know how many TMBs had Madrid at the time?” Look. If you want cheap infrastructure, create a pipeline. Madrid had during more than 10 years between 7 and 8 TBMs (the machines to make tunnels in engineering slang). They are extremely costly. So, they...