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Next time someone tells you that making money isn't a matter of mindset, ask them how much they earn. ​ I see out there many people following advice from people that have zero skin in the game. Accountants that tell you to do X, Y, Z, with your investments… but they don’t have any investments. Or accountants that tell you that you shouldn’t create a company and remain as a sole entrepreneur because it’s simpler… but they use a company. Traders that provide courses and make zero dollars doing traders… 100% of revenues providing courses. I always got fascinated by professors in MBA schools that were teaching “business”, but they haven’t created any. Now, it’s the social media. People telling you about successful businesses that you should create… when the only business they have created is being an influencer. Look. Use this information as you like. If you want to follow someone with skin in the game. You can use the link below.
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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 👇
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...