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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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Many people challenge my preferred RFP strategy for PPPs: “Pre-qualify strong consortia, set a minimum technical pass/fail, and award to the best NPV bidder? They’ll just bid low and renegotiate later!” I get it. That tactic has been abused in Latin America for years. But we need to ask: Why has +20% (often +50%, +100%, +200%) become almost inevitable there? Let’s look at the real causes: Why PPP prices skyrocket after award 1) Renegotiation is systemic. In transport PPPs, up to 78% of...
Africa. Mid-2010s. You’re in the middle of a multibillion-dollar PPP. Your consortium is assembled. Your lenders are mobilized. Your bid team is burning cash like Tesla compensating executives… The agency launches the RFP. Everyone is excited. A fair, competitive process… in theory. And then it starts: Deadline extended. “More time to refine proposals,” they say. Another extension. Silence. And then another. “These guys don’t seem ready” Drop a new batch of documents in the data room. (Oh,...
January 5th. In Spain and many parts of the world, kids go to sleep excited because the Three Wise Men are coming with toys. Meanwhile… in Australia… a mega-project disaster. Hobart, 1975 – 9:27 PM The Tasman Bridge. A massive concrete jewel connecting both sides of the Derwent River. Strong. Modern. Safe. Until a bulk carrier called Lake Illawarra hit one of its piers. Concrete collapsed. Cars fell into the void without even seeing it. Twelve lives lost. A city cut in half for more than two...