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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 👇
Rule 8 of PPPs: Never go around the SPV. That shortcut has lawyers at the other end. I know why agencies do it. The SPV needs to consult the contractor. Then the shareholders. Then the Board. Then the lenders. Then the lawyers. What should take five minutes takes three weeks. So, someone decides to be practical: “Let’s speak directly with the contractor.” Wrong. Look. The contractor builds the project. The SPV owns the promise. The SPV holds the Project Agreement. The SPV carries the...
Someone went on holiday. Nothing particularly unusual about that. Except that this person had to approve an invoice. And without that approval, the dark accountant at the agency did not even know he had to make an important payment. Without the payment, the SPV would not have enough cash to meet its obligations. Yes… pay your debt is really important in these cases. So, a billion dollar project was suddenly exposed to an insolvency risk because one person went on holiday. Fortunately, we had...
After financial close, everyone wants to get moving. Mobilisation plans. Design programmes. Construction schedules. Reporting templates. Hundreds of meetings. And a few parties. But there is one document I would want agreed before almost anything else. The Crisis Management Plan. And I mean agreed. Not another document that’s written for the sake of it and forgotten in a drawer for the duration of the project and that only sees the light in the annual quality audit… No. But something like a...