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I don’t know if you’ve ever stopped to think about it, but the system isn’t designed for you to thrive. It’s designed for you to depend on it. On a salary someone else pays you. Basically, you’re the main character in a joke that isn’t funny. Because if you depend, you don’t decide. Yes… you don’t decide even if you vote… ​ And, if you don’t decide, you don’t disrupt. ​ ​ The problem starts when you begin asking questions: ​ Well… ​ When you start asking those kinds of questions, you begin to see the world differently. Because the day you understand how money works, you stop swallowing the nonsense they’ve been selling you. You stop believing the lie that says, “Go to university, study, and you’ll get a good job.” Instead, you start moving. You start doing things. You start taking control of your money (and your life). And suddenly, you realize something huge: The power was never in them. Yes, in you. ​ To stop depending. To take control. To stop being just the one who foots the bill. To start playing to win. Losing? No. And your first step could start right here. ​Is this piece of real estate a good investment? - Price $29.90​ ​ 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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Conflict of interest: A time bomb You can have the best lawyers.The shiniest financial model.The perfect risk matrix. The most balance incentive a.k.a. bonuses program… And still see your project collapse…Because of conflict of interest. Take the Athens ring road extension. During procurement, it turned out that one of the “independent” advisors hired to evaluate bids had close financial ties with a consortium member. Not a minor connection. A proper stake in the game. When journalists...
Yesterday I told you about a KPI regime that seemed a horror story. Today, I bring you another that kills. Kills contract, I mean. I often tell people that vertical PPPs are not my cup of tea. Hospitals… I run away. Too complicated. Too political. Too high stakes. Take the wave of hospital PPPs in the UK during the 2000s. On paper, they looked brilliant: new facilities, modern equipment, long-term maintenance secured. But still… the KPI regime was written by bureaucrats with too much coffee...
Some PPPs die before they start.Others collapse under the weight of construction. And then there are those that rot from within — strangled by their own KPI regime. Take the Peterborough Prison PPP in the UK.On paper, it was innovative: the first privately financed prison with a focus on rehabilitation. The government loved the concept. The innocent believers in human nature wet dreamt about it. The financiers lined up.The operator thought they could make it work… if not, they would still...