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You know that working 8 hours a day for over 40 years straight, just to retire and finally enjoy “the life of your dreams” in the last stage of your life has never been my cup of tea. My goal is not the Lambo. It’s not drinking overpriced wine… and obviously not New Zealand red wines. I just want to own my time. That’s it. Some people call this financial freedom. You know that I read about the subject. Forums, blogs, books, and… from time to time I did it on social media. Yes… it was a time where I checked those places. Here is the problem I discovered. If you check those sites that poison your brain, you’ll find a bunch of self-proclaimed “experts” telling you exactly what to do to reach financial freedom. The problem? None of them have actually achieved it. Think about it: Overweight people preaching health. Government employees giving startup advice. Broke financial gurus talking about “freedom” while watching their bank account hit zero on the 25th… Come on… You have to laugh. I don’t know about you, but I don’t listen to people like that. Think again: Want to get fit? Follow athletes, coaches, and nutritionists. Want to learn business? Study successful entrepreneurs. Want financial freedom? Pay attention to people who are already there. That’s it. And with projects or infrastructure, this works the same. Think again please: Want a bridge over the sea? Find those that have successfully done it before. Want a tunnel under the sea? Find those that have successfully done it before. Want a successful PPP? Find those projects that were delivered successfully That’s it. Want to know about a project that was successful despite all the odds? Check below.
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As Robert Kiyosaki once said: “Opportunities repeat themselves because people repeat the same mistakes.” Markets change. People don’t. New projects. Same optimism. New investors. Same herd behaviour. New PPPs. Same bad risk allocation. New SPVs. Same surprise when operations become a monster. The great advisers are not the ones chasing the hot market. They are the ones studying the repeated mistakes. Once you recognise the pattern, you stop being another consultant with opinions. You become...
Some time ago I talked about a kind of message. One like this one: "It’s interesting what you say, I even read you every day, but I would never buy anything from you because I don't believe I can learn what you know without going through what you've been through." OMG… And then, you wonder why there are adults that cannot tie their shoes… or get any success in life. I'll tell you something crazy: knowledge can be recorded. And another: it can be transmitted. And the last one: whatever you...
Most contractors enter a negotiation with the wrong assumption. They think: “The agency has the money. The agency has the power. The agency has the contract. So the agency has all the leverage.” Not in their dreams… In PPPs and major infrastructure projects, agencies also carry something very heavy: Loss aversion. They do not want a project failure. They do not want the Minister asking questions. They do not want the newspaper headline. They do not want the contractor collapsing. They do not...