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Would you play a game where you have 99% chances of losing? Before you answer, listen. Or read… sometimes I forget that this is an email… Well… read or listen. It’s impossible to make an adult to change their mind. Impossible, at least in one conversation, demonstration or else. In fact, the more you try, the more convince that “adult” is on their position. It’s that simple. And if not impossible, let’s say that this won’t happen 99% of the time. Well… People are still playing that game. Over and over. Over and over. Every single day. No wonder why they could be called losers. Still, people argue. People get angry with one another. People lose their friendships. What a waste. And very importantly remember this. Remember it very well. Repeat it every day. People prefer to be right than knowing the truth. I do my things. I let others argue, enter into arguments… I just go with MY flow. I do small investments, some other quite big. Since I don’t argue, I live happier and wealthier, and I go faster. A lot of this is expressed in my philosophy about how approach real estate. If you want to know more… here you can get some clarity. ​Is this piece of real estate a good investment​ 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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Selling used stuff online is hard work. A lottery. A candy box. I tried it once. In less than 5 minutes, I got a message. 30 seconds later, I knew it was a scam. Emoticons. Broken grammar. Asking for my number immediately… when the platform literally tells you not to. Block the user. Close the chat. And then do what a good SPV CEO does… Subcontract. Pass it to someone who knows better. Create the right incentives. Supervise. Manage issues. Etc. Life is just another PPP. Your standards say a...
The pattern... Different country. Different name. Same movie. A “strategic” project. Big announcements. Strong political backing. Aggressive bids. Beautiful financial models. Everyone smiling at financial close. And then… After bonuses paid and elections won… Reality. Costs go up. Time disappears. Risks… yes, those that were “managed” and “transferred to the party better able to deal with”, start showing up. Suddenly: - contracts are “reinterpreted” - assumptions were “too optimistic” -...
When people talk about successful projects, these are the usual suspects: The deal was clear from day one Risks were allocated… not hidden The wrong bidders didn’t show up Time was respected Decisions were made early The contract was readable Banks believed the story Equity had skin in the game The public side knew what it wanted Advisors added value (for once) Construction was not “optimistic” Problems were solved fast Ego was controlled Operations were considered from day one Someone owned...