I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
Your ego is costing you lots of money
|
I say it many times. People prefer to be right than making money. Successful people though have less ego and more money in their pocket. ​ Don’t believe so? ​ Let me ask you what you would do in this situation. ​ In 1997, the movie The War of Troy premiered, with a production budget of $15 million. ​ Easy… probably you never heard of it, right? ​ Well… after it was completed, it was shown in two theatres, sold $309 in tickets, and Warner Brothers pulled it. Sent it to hell. ​ Why? Why not show it in more theaters and at least try to recover part of the investment? The movie was already made, what difference would it make? ​ The reason is simple: money over ego. ​ Do you know what the most expensive part of a movie is? Advertising. ​ Warner Brothers thought the movie was a piece of sh*t and preferred to write off $15 million rather than spend another $30 or $40 million trying to save it. A $15 million loss added to the profit and loss statement, and they moved on. Easy. Fast. Next project. Let’s make more money. ​ I don’t know what you would have done, but I can imagine things like social media campaigns, big billboards, interviews on TV, complain about the economy, the algorithm, etc. ​ Instead of accepting defeat and changing course. ​ Ego over money, as I said. ​ This happens every day to billions of people out there. They keep the job they don’t like. They keep the business that does go anywhere. They keep the partner that is stealing them. They keep their position in the company that is going to hell. They keep away of investing. They keep the same bank for their mortgage. Etc. ​ You can do much better than that… ​ If you need a hand, click below.
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
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
I’ve been closing some insurance policies these days. For myself. Health, life, mortgage, etc. You don’t appreciate enough a good broker until you get one. If you’re serious about investing, this is your second more important broker after your mortgage broker. But I don’t want to talk to you about personal insurance. But PPP insurance. It’s probably one of those fields, most people mess up. Clients. Banks. SPVs… All parties alike. You have insurance to cover accidents on site causing...
I’m doing quite a lot of work these days with market lead proposals. I mean, proposals coming directly from the market and made to the government of New Zealand. I love the ideas put forward by proponent. Their enthusiasm. And commitment. Most of them fail in the “exclusivity” criteria. Why you are so good that the government absolutely needs to negotiate with you directly without going to the market. It’s fascinating. That’s a high bar, but some people get through it. IP, exclusive rights to...
Time for a ridiculous story from the world of infrastructure contracts. You know, those multi-billion-dollar deals where one tiny typo can turn into a legendary office joke. Well… here you are one. Picture this. Somewhere in Europe. A massive bridge project. The contract is huge, hundreds of pages of legal and technical jargon. In the middle of all that, there was supposed to be a clause that said the contractor had to provide a "large-tonnage crane." Don’t ask why. Maybe some stupid Spanish...