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It’s one of those images that were hidden. They remained unnoticed to me until two and a half years ago… when my child was born. Cigarette butts. You see them on the floor on every street, on every public square, on every children playground, in Spain. Despite signals. Despite campaigns by the government. Despite science. Despite basic education. Despite the ability to read the “smoking kills” of every package. People are attached to old habits despite they know they are bad. No matter what you try to persuade, they won’t change. They are doomed. They are condemned. The same happens in other aspects of life, not just that unhealthy habit. Getting attached to toxic couple. Getting attached to toxic jobs. Getting attached to poisonous pay checks. Never looking for a way out… That is evident many times. You have the signs. The information. The models. And still… you won’t use that way out. Don’t believe me? Here you are a sign. ​Even you can make money in real estate. ​ 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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Yesterday a few of you came with a question… If we prefer a good narrative to the truth, does it apply to PPPs? Absolutely. PPP includes the words Private and Public. This is meat for bored politicians and newspapers. You have conflicting words… Add Partnership and journalists queue to hit you in the face. No matter what statistics say. No matter how many successful projects have been delivered through a PPP. No matter the risk profiles, the alignment of the parties, the governance… that PPP...
You know that many people are terrified of flying. However, they have no problem travelling by car, even though we all know that, statistically, planes are much safer than cars. Well… welcome to the base rate neglect. Our brain ignoring boring statistics and overvaluing vivid stories. That’s it. We constantly hear statistics about road accidents. But… When there is an aviation tragedy… well… you know what happens. Vivid memories. We like to believe we are purely rational beings making...
My son is now obsessed with rockets. He wants to go to the moon. Good for him. We’ll get there very soon… again. If you don’t know the story of Apollo 13, you should pay attention… because it has lessons for you too. NASA did not become NASA because everything went perfectly. Quite the opposite. Rockets exploded. Calculations failed. Systems broke. People died. And every time something went wrong, they did one thing better than almost anyone else: They learned. Apollo 13 is the famous...