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Or... You will work until you die
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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. |
Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
Metronet was responsible for upgrading and maintaining most of the London Underground under one of the largest PPP programmes ever undertaken. The structure was sophisticated. The contracts were enormous. The advisers were experienced. And the incentives were fundamentally wrong. “That doesn’t apply to our project.” Of course not. Your project is unique. So was Metronet. Well… in our case. Metronet’s shareholders were also its principal suppliers. Con 2 c*jones… or with 2 eggs. Strong...
“Not for me.” Of course not. This is what some of you wrote to me yesterday. Your operator definitely did not price the contract as if KPI deductions did not exist. They definitely did not assume the client would pay every change at cost plus margin… once or twice a year. And your builder? Of course they brought people with real close-out experience. They know exactly where the records are. The test results. The as-builts. The approvals. The evidence the Independent Engineer needs before...
“That doesn’t apply to my case.” I hear this all the time. Different asset. Different contract. Different country. Different shareholders. Different problems. My project is special. Of course, it is. Even the air you breath is. Look. Assets, projects, SPV, your toilet, whatever… are not making you suffer or smell bad odours because of a completely unique problem. The details are different. The patterns are not. It is the same in sales. Selling something for $5 and selling something for...