The best stock-picker in the US turns cautious on the so-called unicorns — startups given valuation of US$1bil or more before they even list.
WILL Danoff, one of the US mutual fund industry’s best stock pickers over the past 25 years, is tapping the brakes on funding so-called unicorn companies, saying the prospects for fast-growing private businesses before they go public may be fading.
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