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There is one thing you need to do to have unlimited ideas. Simple. Easy. But it requires discipline and open mind. Observe. That’s it. Look, Jane Goodall was a lady with no formal education. She just loved animals. In 1960, she went with Louis Leakey, an anthropologist to Tanzania, to give him a hand. They studied chimpanzees’ behaviour. Not much equipment, no laboratory, no guidance. Just a notebook and a pair of binoculars. For a long time, she couldn’t get close to them, but her perseverance paid off. Slowly, she noticed details no one had documented. She observed behaviours that shattered long-standing beliefs, such as chimpanzees using tools, previously thought to be an exclusively human trait. Patience and the power of observation simply revolutionized wildlife research and our understanding and views of our closest relatives in the animal kingdom. Just by looking. Just by observing with the intention to learn. This is why I love to be surrounded by successful people making business. I take my popcorns and enjoy. I observe. I learn. Then, I even try the things that I learned. You can save years by doing that yourself. Observing with the intention to learn. Observing people’s behaviours, observing trends, observing investors, observing businesspeople. With open mind, without judging. Just observing. Then, geeks like me put those things into practice… If you want to observe something this weekend, you can take a look to what I’ve been doing in terms of Real Estate investing in this book. Real numbers, no bullsh*t. You can buy it below.
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A few days ago, I talked about the smallest PPP in the world. It’s in Poland. 12.000€. Probably quite unknown. There are another one… this time famous. Small building. Small investment. Small transaction costs. Sorry. That last one was a joke. Scotland. 2002 Audit Scotland reviewed six school PFI projects. For Glasgow, it reported around £12 million in combined public and private sector set-up and advisory costs. Against £212 million in construction. For West Lothian? Around £2 million....
Before you tell a difficult public client: “You can’t do this without me.” Consider a small building in Sydney. White roof. Quite photogenic. You may have seen it. February 1966. Jørn Utzon, the architect of the small building, met the NSW Minister for Public Works, Davis Hughes. There were unpaid fees. A dispute over funding for prototypes. And a relationship that had already gone thoroughly to hell. Utzon threatened to quit. Hughes replied: “You are always threatening to quit...” And both...
Now that it’s time of elections… let’s talk about important meetings. Well… maybe you remember who was Schabowski. Some people leave a meeting with action items. Günter Schabowski left one with a border crisis. Berlin. 9 November 1989. Schabowski was giving a press conference about new travel rules for East Germans. He had received the document shortly beforehand. He hadn’t read it carefully. Excellent preparation… that I truly recommend for you. Then came a perfectly reasonable question:...