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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 👇
1993. Argentina, the losers of the last World Cup. They are pros in Economics. This is why they signed a 30-year PPP with a nine-year business plan. What can get wrong? Nobody knew it was nine years. That was the problem. Or at least, one of them. The project was Aguas Argentinas. At the time, it was the largest water concession in the world. You know… Argentinos tend to exaggerate… a little bit… specially in front of the referee… More than eight million customers. Thirty years. Serious...
Governments love competitive tension. They spend 18 months creating it. Market soundings. RFQs. RFPs. Best and Final Offers… or Optimization Phase in some places… Lawyers, financial models, technical advisers, probity officers… and 143 versions of a contract called FINAL. I love this game! Then they select the preferred bidder. Sign the contract. Open the champagne. Take a photograph wearing hard hats. Book holidays to Fiji. And kill the competition. Because the first auction is over. The...
Private investors love traffic risk. Especially when the government carries it. India wants to revive private highway investment. Its traditional BOT model had collapsed. Less than 5% of highway projects got someone signing a BOT contract. So the government changed the model. Traffic-risk sharing. Revenue support. Government buyback. Suddenly, private investors are interested again. Funny how that happens. Let’s be fair. Sharing traffic risk may be exactly the right decision. Traffic is...