Is your password up there? Might want to change it.
I've started using phrases for my password. They're harder for computers to guess, but easier for you to remember. This comic by former NASA scientist, Randall Munroe sums it up:
Recently, we talked about billionaires and how they made their money. Today, I want to talk about companies that are valued at over $1 billion dollars.
In tech finance, a "Unicorn" is the moniker applied to private startups when they cross the supposedly mythical $1 Billion valuation level.
Well, fairy tales are coming true more often.
The number of Unicorns doubled in 2015 ... and not just in number – but in value as well.
It's mainly comedy, but there are some nuggets of truth hidden in there.
As for the Tony Robbins event, there is a lot of truth woven through lots of entertainment. And I'm always impressed by how masterfully he controls a room!
I've been to many Tony events in the past, but I get something new every time.
One of the ideas I liked was a concept he uses often ... Victory is near!
The night is always darkest before the dawn. The storm is roughest before the break. And even after the coldest, darkest, winter ... Spring appears.
If you're looking for a relatively short (but representational) glimpse at what Tony does – a good place to start is his TED talk on why we do the things that we do.
Some say change is the only constant ... Others remind of death and taxes.
In this video, Bill Gates says we should tax robots.
Are we about to treat robots as "electronic persons"? It isn't unprecedented ... we already treat certain business structures like people in tax and legal matters.
But, where does it stop?
If you tax robots ... what's the difference between a robot, an algorithm, a cotton gin, or printing press?
Taxing increased productivity could have happened at any time.
Are we ready to change the face of capitalism and society?
At the extreme, it raises a question, if production and efficiency can be raised without as many humans working, what will humans do?
This quickly leads to some far-fetched (but thought-provoking) ideas and conversations. For example, recently Elon Musk (and this presidential candidate) proposed a Universal Basic Income. The basic premise of this is that by giving people the minimum income necessary to survive, you free them up to do what they're passionate about.
Hans Rosling, a Swedish medical doctor, academic, and statistician became famous for just that.
He died last week. Sadly, that is what prompted me to review some of his videos, and to share this.
Rosling called himself an "edutainer." He had a knack for explaining difficult concepts (like global inequality, climate change, disease, and poverty) using a sense of humor and a strange collection of props (including, maps, storage boxes, and colored stones) to tell the story of our world.
For example, in an interview with the Guardian, Rosling beckons: "Let me show you the world," as he used stacks of Lego-like bricks to demonstrate the dynamics of population growth, child mortality, and carbon dioxide emissions.
"The challenge for the world is to get everyone out of extreme poverty and get the richest people to use less fossil fuels so that everyone can share their energy levels," he said.
His messages were often more positive than most would think, demonstrating that life is getting better for more people, if we only bothered to look at the numbers.
Here are links to two other Rosling posts worth a look.
Recently, there's been a lot of talk about fake news and fact-checking the contents of the news and what public figure say. However, I haven't heard much about measuring the veracity of movies.
This interactive breakdown lets you be as "pedantic" as you want -- letting the "truth" be relatively flexible, or seating the truth-scale at "only what objectively happened".
Unicorns Are Becoming Less Mythical
Recently, we talked about billionaires and how they made their money. Today, I want to talk about companies that are valued at over $1 billion dollars.
In tech finance, a "Unicorn" is the moniker applied to private startups when they cross the supposedly mythical $1 Billion valuation level.
Well, fairy tales are coming true more often.
The number of Unicorns doubled in 2015 ... and not just in number – but in value as well.
The chart, which only shows the 185 Unicorns that are still private companies, highlights the increasing Unicorn density since 2014.
Currently, Uber is the most valuable Unicorn, with a $66 Billion Dollar valuation.
What do you think it means?
Are these companies a sign of a strong market, a bubble, or both?
Posted at 12:14 AM in Business, Current Affairs, Market Commentary, Trading, Web/Tech | Permalink | Comments (0)
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