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“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffet. OK, I see that some people got mixed up with the time zones… This is what happens when you travel around the world! Extension of one day more. One single day more. Not two, not five... just one. Buy it now, or miss it forever. I repeat. Forever. ​Invest better than 99% of people... including fund managers​ 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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“Operations are fine”, they said. Reports are produced. Meetings happen. Budgets are updated. And, little by little, budgets are not respected. A KPI deduction is untransferable. The client gives up trying to agree a Change Notice with the Project and call other contractors. Relationships are not that great anymore. An unresolved and relatively small claim becomes the common theme anytime the SPV meets with CJV… Value disappears… silently. One year after the other. Costs unchallenged....
A few days ago, I heard that NZ Transport Agency was withdrawing route protection for Auckland’s East West Link. What a pity. For those that don’t know… that was a multibillion-dollar project. And the infrastructure is really needed. Now… The money, time and effort already invested are gone. But that’s not only bad for the millions of taxpayers’ money wasted. It also sends the market a clear message: Don’t trust the pipeline. I bring this example, because governments want to build...
Every day, I write down three things. It’s a 5-minute routine at the end of the day. First, I write down what I’m grateful for. It can be something that happened that day… or something more general. Second, I write about something I want to improve. A skill. A behaviour. Even how my desk is set up. Third, I write down five tasks that I’m going to complete the following day. And this is the most important part of the routine. Only five. That’s it. Not 10. Not 20. Five. Cinco. Things that are...