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You're a loser if you play this game
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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. |
Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
Metronet was responsible for upgrading and maintaining most of the London Underground under one of the largest PPP programmes ever undertaken. The structure was sophisticated. The contracts were enormous. The advisers were experienced. And the incentives were fundamentally wrong. “That doesn’t apply to our project.” Of course not. Your project is unique. So was Metronet. Well… in our case. Metronet’s shareholders were also its principal suppliers. Con 2 c*jones… or with 2 eggs. Strong...
“Not for me.” Of course not. This is what some of you wrote to me yesterday. Your operator definitely did not price the contract as if KPI deductions did not exist. They definitely did not assume the client would pay every change at cost plus margin… once or twice a year. And your builder? Of course they brought people with real close-out experience. They know exactly where the records are. The test results. The as-builts. The approvals. The evidence the Independent Engineer needs before...
“That doesn’t apply to my case.” I hear this all the time. Different asset. Different contract. Different country. Different shareholders. Different problems. My project is special. Of course, it is. Even the air you breath is. Look. Assets, projects, SPV, your toilet, whatever… are not making you suffer or smell bad odours because of a completely unique problem. The details are different. The patterns are not. It is the same in sales. Selling something for $5 and selling something for...