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Laziness. Think about it logically.
Sound familiar?
Laziness drives the world. Same thing happens with investing. A lot of people are too lazy to look for properties. This is why so few people actually do this. Make money. Create wealth. Now, you decide in which side of laziness you want to be. ​33 Questions about Flipping Properties​ 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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Twenty years in the market. Dozens of transactions. Deep sector knowledge. Blah, blah, blah… Everyone says they are experienced… until you ask the question. “How much will it cost?” The answer: “It depends.” If you have seen this before you continue to dig in and you’ll see these answers: “We’ll charge based on time incurred.” “We can give you an estimate, but it won’t be binding.” I get it… I’ve been there. Partners. Directors. Senior managers. Managers. Analysts. Look. Everyone is...
1993. Argentina, the losers of the last World Cup. They are pros in Economics. This is why they signed a 30-year PPP with a nine-year business plan. What can get wrong? Nobody knew it was nine years. That was the problem. Or at least, one of them. The project was Aguas Argentinas. At the time, it was the largest water concession in the world. You know… Argentinos tend to exaggerate… a little bit… specially in front of the referee… More than eight million customers. Thirty years. Serious...
I understand. Saving public money does not put a politician on TV. It is much better to announce that you are spending $1 billion. A new road. A new bridge. Some magnificent piece of infrastructure. Probably unnecessary. Possibly in a small town. But located in a very interesting constituency if you want to be re-elected. I get it. Avoiding the need to build infrastructure is even worse. You risk being called: “Cheap.” “Short-sighted.” “Not committed to your voters.” I get that too. The...