Rough, unprocessed diamonds could be mistaken for pebbles. In other words, a diamond’s true value can only be realized through a skill-intensive cutting and aesthetic crafting process.
However, the truth of the matter is that diamonds have no inherent value. Diamonds only have value because of a century-old marketing campaign heralding its value, plus restriction on global supplies.
What most people don’t realize is that the marriage customs observed to this day are just relics of century old marketing tactics. Consider: How many months’ salary should be spent on an engagement ring? Two months? Three months? Exactly what kind of gem are a girl’s best friend?
So what are diamonds really worth? Basically, nothing. Yet, millions of people expend limited financial resources every year to buy and give them away to others.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.