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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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It’s not sexy, I reckon. It’s never at the parties. Never. All the attention goes to financial close, the construction programme, the liquidated damages, the change regime, the events, the refinancing… And then there is this thing. Almost forgotten. Nobody sees it. Nobody talks about it. Until one day you get the perfect image of a train, lights on, coming out of the dark… And the poor rabbit standing in the middle of the tracks. That thing is the Hand-Back Regime. And it is one of the most...
Resources. It’s always a question of resources. Your boss, your company, your client, your contractor. All the same. They cheap you in with the resources. "Save here". "Save there". "$10k more of salary for this key person is too much…" in a $1bn project! "We can’t afford it". Etc. Then, one day… We are in a rush. Because someone told your boss, your company, your client, your contractor. That you needed more resources immediately. Additional scope. An urgent solution. And other excuses made...
Imagine that you’re in the middle of a settlement to buy a big property. Your people are telling you that there are a few defects. That you should hold the settlement. Or make a retention. Fight until the vendor repairs. Only one question to the team. “Is it more than 2.000$?” “Around that, yes” “Then forget it” “Why?” “Just the cost in legal fees to submit emails, agree retentions, etc. can cost about that money. Not worthy in a several millions purchase”. If that sounds logical to you,...