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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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Mega-projects don’t just overrun. They overrun lives. Ask South Africa. Medupi and Kusile were supposed to be the big solution. Two giant coal plants. Massive capex. Enough power to stop load-shedding and unlock growth. On paper? Glorious. In reality? A masterclass in how to blow up trust. Design issues. Rework. Delays measured in years, not months. Costs ballooning into the tens of billions of rand. Every extra year of delay? More load-shedding. More diesel. More businesses dying quietly....
Most governments treat their main airport like a toy.A prestige project.A political trophy.A place to cut ribbons and hire cousins. The perfect picture for LinkedIn. Egos don't get a better chance to shine. Bogotá did that for years.And the result was the "before" picture. Congested terminal.Old infrastructure.Chaos on peak days.And zero money to fix it properly. Then in 2007 they did something different.They gave El Dorado to people who actually had skin in the game... Crazy! A...
Most PPP programs don’t get into trouble because of corruption.Or bad engineers.Or lazy civil servants. Or big-mouthful politicians. They fail because people think risk is a philosophy. Not a number. And this has been a constant in my last PPP project in NZ. Everyone talked about risk. This is too risky, they said... but without numbers. You see... we ended with the highway operator not changing barriers because it was too risky... Anyway... another country that learnt about risk the hard way...