If you’ve been following the story of Shervin Pishevar in business and tech news over the last several years, you’re probably aware that as an investor, the tech guru has provided the start-up capital for numerous companies that have become household names, Uber and Airbnb among them. With his company Investment company, Pishevar has shown time and time again that he knows where the smart money is when it comes to supporting new talent.
So when Shervin Pishevar takes to Twitter to share his views on the current market and the potential impact of investing trends and economic initiatives on the future economy, people in the know tend to sit up and listen. This was certainly the case after the embattled tech leader took to Twitter in a recent 21-hour tweet storm. Like Elon Musk, Pishevar’s unorthodox views on economic trends has earned him both supporters and detractors, but most people with an interest in the future of app-based marketing and shifts in an economy increasingly dependent on Internet 2.0 know-how are looking closer to see if Pishevar is onto something big.
During his tweet storm, Shervin Pishevar covered a variety of topics, not the least of which involved the current state of Bitcoin. A digital currency that seemed to come out of nowhere in the early part of the decade, Bitcoin has since gone on to make investors billions of dollars, especially after the currency peaked in value in 2017 at around $17,500 per coin. Pishevar acknowledged that Bitcoin has dropped in value since, but his prediction that the currency would rise again is the kind of knowledgeable tip that has investors wondering if this new financial paradigm still has lasting power.
Another potentially huge revelation in the barrage of messages Pishevar posted to Twitter was one in which the former tech-finance CEO mentioned his belief that the economy will drop 6000 points in coming months, a prediction that could indicate a new recession taking hold if current economic policies aren’t changed.
Shervin Pishevar may not always make friends with his controversial views, but he certainly has an approach to business that many would do well to emulate. His Twitter feed may seem more like a battleground than a roundtable discussion on boring economic policy, but for many people who trust the magnate’s instincts, this is as good a time as any to glean some of Pishevar’s insight into what the market will look like 10 years from now and beyond.
Sahm Adrangi, age 36, is a famed short seller and the Chief Information Officer and Founder of Kerrisdale Capital Management LLC, located in New York City. He was born in Tehran, Iran but grew up in Vancouver, Canada. Sahm Adrangi graduated from Yale University in 2003 with a Bachelor of Arts in Economics. He founded Kerrisdale in 2009 which is a firm that focuses on long-term value investments and research. Prior to founding Kerrisdale, Adrangi worked at Longacre Fund Management LLC managing over $2 billion in distressed debt. Kerrisdale focuses on research to correct misunderstandings of “over-hyped shorts and underfollowed longs” in the stock market, specifically in the biotechnology, telecommunications and mining industries. After exposing fraudulent Chinese companies, Sahm Adrangi and Kerrisdale became well-known in investment banking. The fraud was found through Sahm Adrangi’s research and resulted in some of the companies being investigated by the SEC.
He has stated that being a short seller can be challenging, especially when the market is doing well as the potential for losing money is greater. However, he does state that the market has been favorable towards short activism for the past seven or eight years. Adrangi defines short activism has “those who short a stock and then go out and publicly debate its merits” by presenting their “investing thesis.” Short activists can then “leverage the credibility” that they have built “over the years to get the market to start looking” at their short thesis and discussing it. When asked about the near future of short sellers Adrangi states that the “appetite for short-seller hedge funds is strong,” due to the market going down recently leading investors to look out for more short sellers. Overall, Adrangi believes that the future for short sellers is forward-looking as many people are changing their views and theories on short sellers to be more positive.