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You want people in a Rolls Royce
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“Wall Street is the only place that people ride to in a Rolls Royce, to get advice from those who take the subway” - Warren Buffett If this sentence does not make you think for a while, read it twice. Or three, four, five times until your head blows up. This sentence contains the essential difference between an advisor and a mentor. The first talks to you from almost the academia. The second from life experience. At my MBA I thought that I’d see rich professors… but I didn’t. It was supposed that I would learn from people that made the journey I wanted to make. But they didn’t. That’s the main flaw of the education system these days. They teach you to be good employees, but not to thrive and grow personally. And worst… the system hides the fact that you must be learning… your whole life. I’m sure that you won’t see Elon Musk going to Harvard to join a course to get a pay raise or to find out how to sell more rockets, right? That’s the point. For mentoring options, I have a package for you, below.
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Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
Every crossing of a street, I tell my four-year-old son: “Check both sides before crossing.” He normally looks at it for two seconds and says: “Done.” This is not quality assurance. It is confidence. A simple process. One person does the work. Another person verifies it. Apparently, this governance innovation had not yet reached Edinburgh, in the “Ununited Kingdom”. In 2001, the City entered into a 30-year PPP to deliver and maintain a group of new and refurbished schools. Seventeen of them....
I’m a PPP freak. You know… I heard in the news that Ghana will keep 70% of the toll revenue. Excellent. Seventy per cent is a very impressive number. Particularly before anyone asks: Seventy per cent of what? Ghana’s Parliament recently approved a 20-year PPP to introduce electronic tolling across 66 locations. The Government receives 70% of gross toll revenue. The concessionaire receives 30%. Great for a press release, some pictures and ceremonial pats in the back. Percentages are seductive....
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...