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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 👇
I’m going to China in a few days. Suppliers. Factories. Meetings. And plenty of opportunities to discover that what I thought I knew was wrong. Preferably before transferring any money. In big infrastructure projects, that timing matters rather a lot. Take Brisbane’s Clem7 tunnel. In April 2010, its operator announced that 1.24 million vehicle trips had been made through the tunnel during its first three weeks. Almost 59,000 a day. Lovely numbers. But meaningless… If you stopped at that...
Look at this story told to me by Muhammad Danish, a top expert in PPP... Pakistan. A road to be built. A few years ago. Inflation was running wild. Prices were changing so fast that a contractor could buy materials on Monday and regret being born by Thursday… until he discovered he could sell them for a fortune on Sunday. The government’s advisers saw the problem. If the private partner had to carry all the price escalation risk, the bids would be absurdly expensive. Or there would be no bids...
“No fee paid upfront.” “If you can bring equity capital of $45 million, then we can talk about success fees.” Wonderful. You bring the project. I bring the investors. The contacts. The credibility. The hours. And the working capital to finance my own involvement in your adventure. Then, if everything works, we can talk about paying me. Not pay me. Talk about it. Beautiful little detail. Look. I have nothing against success fees. I do work on success. But think about it. Working entirely at...