There was a recent tweet storm by the famous Shervin Pishevar regarding a number of economic topics. He felt the need to get on his Twitter account and just blast away a number of tweets in a row about his thoughts and feelings regarding a number of modern issues. It is important that we pay attention to the tweets of someone like Shervin Pishevar primarily because he has proven that he has what it takes to make good economic predictions in his personal life. He was an early investor in Uber, and this propelled him to a great fortune as a result.
How Shervin Pishevar Feels About The Stock Market
Are you thinking about putting your money into work in the stock market? You may want to think twice on that according to Shervin Pishevar. He does not necessarily believe that this is a good idea because he is pretty well convinced that the market is overbought. He thinks that it needs to correct at least twenty percent before it becomes something reasonable to look at buying again. He feels pretty similar about other assets such as Bitcoin as well. The overhyped value of these things could lead to a major pullback and lose of funds for those who have invested in them according to Pishevar.
The United States Is Not The Cradle Of Startups Anymore
Shervin Pishevar is sorry to say that he does not believe that the United States is exactly the place for startups to look to begin these days. He feels that laws put in place have made it much more difficult for small companies to get their starts in America anymore. He thinks that the reality is that the competition from larger names and the protection that those larger names are afforded by the government is just too much to overcome.
These are just a couple of the numerous ideas that Pishevar provided during his tweet storm. You can check them out yourself and see if you agree or disagree with his conclusions. He is a smart person to be sure and he may just be right once again about what you should be doing with your money.
Back in February of last year, Shervin Pishevar, founder of Sherpa Capital, thought it would be a great idea to go on a 24 hour Twitter rant amidst his sexual misconduct allegations. Some say it was to take the attention off of himself and onto the country. Either way, he made some pretty good points in his rant. Some were very far fetched but others turned out to be true. In one of his first tweets, he stated that the stock market was going to see a 6000 point decrease that would collapse the economy. It has been a year since he tweeted that and although we have seen a few scary corrections last year, it was nothing compared to what he projected it would be.
Next, Shervin Pishevar stated that Bitcoin would continue to drop and end up stabilizing in the two thousand to five thousand dollar range. Surprisingly enough, this is exactly what happened. Bitcoin has been bouncing around the three thousand dollar price mark for some time now. Personally, I wouldn’t touch Bitcoin with a ten-foot pole. Cryptocurrency, in general, tends to be very volatile and almost the entire market is driven by speculation.
One great thing that he brought up was the underemployment crisis in America. If you are just graduating college today, the odds of you getting a job directly in your specialized field right out of school are a little less than the flip of a coin. He says this country needs to work to create specialized jobs in good fields. Next, Shervin Pishevar stated that American infrastructure needs to be revamped. I wouldn’t disagree with Shervin Pishevar on this. President Trump has spoken on this issue numerous times, stating that we need to fix our crumbling infrastructure. In the end, Shervin Pishevar made some very valid points in his rant.
Shervin Pishevar ranks among the most successful venture capitalists of the last decade. As the founder and CEO of Sherpa Capital, he has provided critical financing for some of the largest and best-known names in the tech world. Projects on which Shervin Pishevar has played an indispensable role include the founding of Uber, Airbnb and Virgin Hyperloop. As an entrepreneur working on his own, Shervin Pishevar has also founded a number of high-profile and very successful tech firms. These include Ionside, WebOS and Social Gaming Network.
When he isn’t consumed with overseeing his massive tech empire, Shervin Pishevar moonlights as one of the most influential thinkers in the Twitterverse. With a Twitter feed that boasts more than 100,000 followers, Pishevar has the attention of some of the most important thought leaders in the world of technology and beyond, giving him outsized influence even for his own high standing in the world of finance.
One of the issues that will confront the U.S. tech space in the years to come is the fact that Silicon Valley itself has transcended physical space to become an idea. This means that the San Francisco Bay area, according to Pishevar, will continue to see sharp declines in population, including its ability to attract new talent.
Pishevar says that the simple reality is that there are many places around the globe that can easily compete with San Francisco in terms of lifestyle, amenities and cost. For example, Pishevar points out that countries like Vietnam and the Philippines have many places that are arguable nicer, better for businesses and feature more idyllic surroundings than the San Francisco Bay Area. But these places often cost only the tiniest fraction of what living in Silicon Valley costs.
Pishevar says that, increasingly, entrepreneurs from around the globe and even within the United States itself are looking at these other places and all of the telecommuting options that are currently available. And they are consistently choosing to no longer flock to a city where the median home costs in the millions of dollars.