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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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Those who know me well know that I’m not a football fan. Or soccer. Whatever you prefer. But I watched the last ten minutes of Spain’s match—my only ten minutes of the World Cup… yes, I know—and I was amazed. And happy, by the way. Beating Argentina is always fun. Especially after their famous “Devolvé la copa” a few years ago… But that’s not the point. The point is that, within five minutes, the internet was full of memes. Messi crying like a baby. Lamine Yamal—or Yamil, Yamile… you know I’m...
As I was involved… I still look at it very closely. A multibillion-dollar bridge ready. Roads built. Border facilities prepared. And traffic still waiting. The opening of the Gordie Howe International Bridge between Canada and the United States had to be postponed while both governments resolved a series of outstanding issues. Not construction issues. Interface issues. Don’t blame Trump. It’s deeper than that. People consistently underestimate in major infrastructure: The asset is not...
As Robert Kiyosaki once said: “Opportunities repeat themselves because people repeat the same mistakes.” Markets change. People don’t. New projects. Same optimism. New investors. Same herd behaviour. New PPPs. Same bad risk allocation. New SPVs. Same surprise when operations become a monster. The great advisers are not the ones chasing the hot market. They are the ones studying the repeated mistakes. Once you recognise the pattern, you stop being another consultant with opinions. You become...