The term “unicorn” was created to describe startup companies that had a valuation of over $1 billion based on their latest round of funding. The notion was that such a company should be rare, as at that size it would make sense to take a company public.
Yet today there are hundreds of unicorns. The rare species has become a herd. And none is bigger than SpaceX, the space exploration company run by Elon Musk. A recent funding round has led the company to become the first centi-billionaire firm, with a valuation of over $100 billion.
By the time the company goes public, there may not be much upside left for retail investors, a problem even smaller unicorns have faced, given the lackluster returns of IPO stocks in the past year. Investors would be wise to note that, even in the age of centi-billionaire firms, valuation matters. If a privately-held company can grow so large, valuations are still high… and likely to remain so for some time.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,758.46 (-0.2%)
Silver … $22.76 (+0.5%)
Platinum … $1,034.50 (+5.4%)
Palladium … $2,111.13 (+8.1%)
Now here’s the rest of the news:
With Stagflation Ahead, How Will Gold Respond?
We’re seeing a toxic brew of high inflation and slow economic growth develop, and the Fed seems ill-equipped to fix either. Here’s what that might mean for gold’s price… [Read Here]
Is The Small Business Sector Being Deliberately Targeted for Destruction?
Small businesses nationwide are failing at historic rates. Brandon Smith of Alt-Market.us speculates this may be a deliberate policy choice… [Read Here]
How the Housing Market Went from Overheated to Raging Inferno
How can homes be both unaffordable and in a bubble? In the background, unnoticed by most, the Fed has conjured another housing bubble… [Read Here]
October 11, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! St. John’s Row Houses … in Winter!
I’ve been told that if anything Newfoundland winters are good about, it’s their ability to clear the snow off the streets.
October 11, 2019
Good morning World! Although the unemployment rate has fallen to 3.5 percent, new data on job openings shows a drop to 17 months lows. What’s more, the level of hiring and quitting is also showing a slowdown. [Although these are USA stats … Canadian unemployment stats have also improved.]
This is typical when the job market reaches full employment, and many have argued that even a 5 percent unemployment rate is a worthy goal. But given this slowdown, which hasn’t showed up on a rising rate yet, the window appears to be closing, if ever so slightly, on finding a new, higher-paying job.
** ** **
Should you be thinking of change, job related, here are four keys to remember:
- Believe in yourself and your message first, before attempting to make anyone believe in you. Your own conviction will manifest in your words and actions. You’ve probably heard about cult leaders who relayed their messages with such intensity and unfettered emotions that the audience would do anything being told to them, even if it means ending their own lives! But of course, you should use this only for good means.
- Be consistent. Establish trust so people are more likely to believe you. Then say words that are honest and consistent with your actions and body language, so your future messages are more credible. Make sure that your voice volume, pitch, and tone, as well as your gestures, are appropriate for the current situation. Just imagine the insult and awkwardness if you’re attending a funeral and you suddenly laugh. Be aware of your words and movement always.
- Be yourself. Don’t be someone you’re not. If you’re in love with someone, for example, but have qualities not compatible with him and fake your behavior or “wing” things just to impress him, sooner or later, you’ll be found out. Don’t claim to be someone you’re not.
- Never lie. One lie, just one lie you say, will make people doubt whether all the past things you’ve said are true. That will ruin their trust in you, and they might never believe you again.
Whatever you say from then on, they will scrutinize first and ask themselves, “Can that be true?” And when you’re persuading people, you possibly allow them to have any doubts in their minds!
“There are no limitations to the mind except those we acknowledge. Both poverty and riches are the offspring of thought!” —Napoleon Hill
To your success … however YOU define it! 😉