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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 👇
A few months ago, I worked on a project where the client refused to use AI. Cybersecurity, they said. Fair enough. Cybersecurity matters. But their solution was extraordinary. They preferred to spend hundreds of hours of senior professionals’ time… At around $500 an hour… On tasks that AI could complete in minutes. Trust me… even if in my pocket… the money does not pay to waste your time like that… These were some of the best professionals in the country. The client did not trust them. It did...
If you thought that nothing could be worse than yesterday example, let me tell you something. Again, the UK. NMC Health was a FTSE 100 company. It operated hundreds of healthcare facilities across the Middle East. It was worth billions. And every year, EY audited its accounts. Seven years. Seven unqualified audit opinions. Around ÂŁ14 million in audit fees. Everything appeared fine. Until 17 December 2019. That day, a small research firm called Muddy Waters published a report. It questioned...
I love the UK’s market… it has shown us so many things… Let’s take for example the UK Post Office. Early 2010s. The guys had a problem. Its Horizon accounting system said money was disappearing. Yeah… just like that… And you still wonder about Brexit… Anyway… the Post Office blamed the usual suspects… the people operating it. Hundreds were prosecuted. Some went to prison. Lives were destroyed. And for years, the official position remained essentially the same: The system works. Ole, with 2...