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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 👇
1993. Argentina, the losers of the last World Cup. They are pros in Economics. This is why they signed a 30-year PPP with a nine-year business plan. What can get wrong? Nobody knew it was nine years. That was the problem. Or at least, one of them. The project was Aguas Argentinas. At the time, it was the largest water concession in the world. You know… Argentinos tend to exaggerate… a little bit… specially in front of the referee… More than eight million customers. Thirty years. Serious...
I understand. Saving public money does not put a politician on TV. It is much better to announce that you are spending $1 billion. A new road. A new bridge. Some magnificent piece of infrastructure. Probably unnecessary. Possibly in a small town. But located in a very interesting constituency if you want to be re-elected. I get it. Avoiding the need to build infrastructure is even worse. You risk being called: “Cheap.” “Short-sighted.” “Not committed to your voters.” I get that too. The...
In 2014. France. A true and very well documented story. The government ordered a new generation of regional trains. Beautiful trains. Modern. More comfortable. Not the smelly crap that they had when I studied in Paris… Nah… €15 billion of good trains. But someone forgot a small detail… The trains did not fit in many of the stations. You can think that those should be the basis… But no… Small details… Why bothering when we’re buying 15 billion of these things… The result? Around 1,300 platform...