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He’ll be president in hours and he wrote the email of today. “One thing we all need to remember is that a little effort is the best replacement for excuses. If we were all to make an effort to understand what’s going on around us, to make that quantum leap to using our higher, non-complacent minds, some lucid thinking might result. Problem solving is education at its best. Just as understanding can replace hatred, education can replace fear” Donald Trump Education. Learning something new every day and you’ll be ahead of more than 99% of people out there.
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Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
Look at this story told to me by Muhammad Danish, a top expert in PPP... Pakistan. A road to be built. A few years ago. Inflation was running wild. Prices were changing so fast that a contractor could buy materials on Monday and regret being born by Thursday… until he discovered he could sell them for a fortune on Sunday. The government’s advisers saw the problem. If the private partner had to carry all the price escalation risk, the bids would be absurdly expensive. Or there would be no bids...
“No fee paid upfront.” “If you can bring equity capital of $45 million, then we can talk about success fees.” Wonderful. You bring the project. I bring the investors. The contacts. The credibility. The hours. And the working capital to finance my own involvement in your adventure. Then, if everything works, we can talk about paying me. Not pay me. Talk about it. Beautiful little detail. Look. I have nothing against success fees. I do work on success. But think about it. Working entirely at...
Imagine you are building a hospital. Actually, make it two. Both under PFI contracts, aka, another acronym in the PPP world. One morning, your contractor goes into liquidation. That morning arrived on 15 January 2018. The contractor was Carillion. The hospitals were Royal Liverpool and Midland Metropolitan. Construction stopped. Unfortunately, patients could not be admitted to a PowerPoint explaining the risk allocation. Fortunately, only their taxes were claimed. The projects had to be...