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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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Talking to good friends in Ferrovial and health & safety, we end up comparing cultures. Comparing projects. And disasters… UK. In the 2000s. Heathrow Airport Terminal 5 Budget: more than £4 billion Big… very big project, with lots of complexities and workers. Every engineer knows that… If something went wrong… it wouldn’t be small. So, they treated safety like a system… for real. Not a slogan. Daily briefings. Clear reporting lines. No ambiguity on responsibility. And… Anyone could stop the...
Canada. Mid-2010s. Milton–Madison Bridge Not a PPP, but a serious piece of infrastructure. Old steel truss bridge. Built in 1929. As an engineer… I love it. Around 13,000 vehicles per day. But… like all old bridges… It was structurally done. Fatigue. Corrosion. Narrow lanes. No shoulders. A bad accident waiting to happen. So they decided to replace it. Nothing new. But… they chose a method most people would avoid. Slide-In Bridge Construction or SIBC The idea is brilliant. Build the entire...
I’m reviewing a project right now. A mess. Close to failure. Fixing situations like this… is my bread and butter. But the real question is not: “How do we get out of this sh*t?” It’s: “How did we end up here… again?” Because this is not random. Every country has it. Every sector repeats it. And no… it’s not because people are stupid. Governments hire smart people. Companies bring top talent. Advisors look impressive on paper. And still… Same problems. Same patterns. Same endings. So what’s...