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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 👇
Close to Pointe-Claire. Montreal, Canada. Circa 2011. A pen flies across the meeting room. Not metaphorically. A real pen. From the other side of the table. The guy receiving the missile activates his very sophisticated kung fu reflexes and leans to one side. Impact avoided. Silence. Everyone in the room freezes. Then he says: “Don’t get angry. If we don’t solve this now, things are going to get pretty bad for all of us. And in the blame game, nobody wins.” The meeting goes on. No more flying...
There are big, monumental, screw-ups…. Or “cagadas”. And then there are cagadas so big that someone should build a monument to them. The kind that doesn’t just destroy a project. It changes an industry. I’m thinking now about that traffic model that cost a traffic advisor millions and millions because its forecasts were more optimistic than Putin’s three days “special military operation” in Ukraine. That mistake changed the way PPPs with traffic risk were viewed. Contractually. Financially....
Scientists at the Max Planck Institute for Biological Cybernetics did one of those experiments that sounds stupid… Not because you probably pay them with your taxes… But because you realise it explains half of the disasters in business. They took people to a forest. Then they gave them a simple instruction: “Walk in a straight line.” That’s it. No MBA. No strategy deck. No 147-page governance framework. Just walk straight. C’mon you can do it! Several participants were convinced they had done...