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You know what you need to do… oh yes. But… You live in an outdated machine. Well… We live. Nothing excites your taste buds like fat and sugar. Nothing. ​ ​ ​ ​ Do you know what your buttocks love the most? And your brain? ​ ​ ​ You know that uncomfortable means growth. Talking to new people. Learning new things. Calling instead of sending an email or a WhatsApp. Having that conversation that you should have had long time ago but you are just deferring and deferring. And so on… The alternative. Netflix and junk food. What I propose you. This. Growth and high return. ​Invest better than 99% of people... including fund managers​ From 140.600 CAD of the test portfolio to this... Over 200.000 now... ​ ​Invest better than 99% of people... including fund managers​ 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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Look. A question for you. What is more dangerous… Sending a letter you know may be wrong? Or sending one that everyone is convinced is right? In my experience… Definitely the second. A bad letter creates questions. A polished letter creates confidence. It has been reviewed by management. Checked by the lawyers. Discussed with the technical team. Perhaps even approved by the Board. Everyone agrees. Send it. And that is precisely when I become nervous. Intelligent people do not normally make...
Rule 8 of PPPs: Never go around the SPV. That shortcut has lawyers at the other end. I know why agencies do it. The SPV needs to consult the contractor. Then the shareholders. Then the Board. Then the lenders. Then the lawyers. What should take five minutes takes three weeks. So, someone decides to be practical: “Let’s speak directly with the contractor.” Wrong. Look. The contractor builds the project. The SPV owns the promise. The SPV holds the Project Agreement. The SPV carries the...
Someone went on holiday. Nothing particularly unusual about that. Except that this person had to approve an invoice. And without that approval, the dark accountant at the agency did not even know he had to make an important payment. Without the payment, the SPV would not have enough cash to meet its obligations. Yes… pay your debt is really important in these cases. So, a billion dollar project was suddenly exposed to an insolvency risk because one person went on holiday. Fortunately, we had...