Until yesterday, I admit, I had never heard of Alibaba. Over the last 48 hours – I have certainly learned the name and am now aware that it has just completed the largest IPO in history, giving it a market cap value at over $200 billion.
How is it that, according to Mirror, a UK online publication, 88% of American’s had never heard of Alibaba?
For that matter, until last night, I didn’t know Scotland was voting to stay or leave the U.K. I have to confess – I feel somewhat inadequate that such significant events were unfolding and I had no idea. My take on the answer: we are all like babies, and our nourishment comes from those who feed us.
In the U.S., our knowledge of current affairs comes from the major media we rely upon. In this case, CNN and the Wall Street Journal (my chief sources of information) were too busy this week with the problems of the NFL to provide any coverage until the last minute on Alibaba and Scotland.
The lesson here – Know Your Limits! We don’t know all that much and we don’t gain access to information unless we make extra efforts to go beyond that which our Media Parents feed us!
On this point, I can tell you that in all likelihood you don’t know much about the strategies we have developed to get rid of credit card debt – which I view as financial cancer to your retirement goals- or to plan for your or your parent’s elder years when the problems of nursing home care and complexities of old age become difficult tasks to address. On these issues THAV GROSS can help in a no-cost and interesting way.
Sign up for our seminars. We have two scheduled right now: On Wednesday, October 8th – “Putting Cash in the Bank” and on Wednesday, October 22nd – “Advice for Seniors – Preserving Assets as Age and Elder Issues Arise.” You can sign up below.
Wait – 2 more things:
#1 – In case you haven’t leaned yet- Alibaba is a Chinese e-commerce company, formed in 1999, that combines the services like those offered by Amazon, eBay and Google into one company – acting as a middle-person letting people and businesses use its platform to sell their products, while selling space on the platform for advertisers to market their products. It holds 80% of the internet retail sales market in China – the second largest economy in the world next to the US.
#2 – Scotland voted to stay in the U.K.
Enjoy the weekend and be sure to listen in on Saturdays from 8:30 to 10 AM on WDFN 1130 AM – on iHeart at CLICK HERE! – and watch the show on TV 20 on Sundays at 11 AM.