Contrary to popular belief, which includes believing in unicorns, most unicorns’ valuations are a myth.
And like most good myths there are lessons to be learned, especially from stories where unicorns die.
The private companies whose valuation exceeds $1 billion have been called unicorns do exist sometimes in reality, but more often than investors and the public realize just on paper.
Not surprisingly, the divining rod that separates reality from fantasy is honest accounting and simple math.
It’s not a long and winding path to get to the truth about a unicorn’s real valuation, it’s straightforward.
Here’s the truth behind unicorn valuation myths and how to calculate reality from fantasy and avoid financial ruin…
While on “Varney & Co.”, just because Stuart Varney was missing, it doesn’t mean I’d hold back my indictment on Wall Street. Markets were just begging for the rate cut having already baked it in for a while now. I predicted yesterday morning that the rate cut of 25 basis points would come, but nothing more and nothing less. But what the cuts are meant to prevent from happening, or at the very least cushion America from, come from certain global indicators that you need to see for yourself here… Click here to watch.