The world does not have enough people like Shervin Pishevar in it. He is a selfless person who is willing to share his insights with the rest of the Twitter world to help them gain a better understanding of the things that he sees that are related to economics. Put another way, Shervin Pishevar takes his vast knowledge and puts it out on the Internet for free consumption.
You might wonder who Shervin Pishevar is in the first place. He is someone who first became famous and wealthy for the fact that he had been an early investor in Uber. He saw the ride-sharing company as something that he wanted to own a stake in. This was before Uber was the big deal that it is today. He saw a great company in the making and believed in the mission that they had laid out before them. He put money into it and took an ownership stake in the company. That has worked out quite well for him to the surprise of no one.
Just a few months ago Shervin Pishevar went on Twitter to share some of his thoughts about the state of the economy. He wanted to share with all who read his tweets just where he stands on a number of issues. He believes for example that inflation is going to take a toll on our economy that a lot of people are not projecting at this moment. He believes that it could be the thing that starts to bring this ship down as it were. He is concerned about this for the simple fact that not enough people are talking about it right now. He mostly just sees people who want to continue cheering on the market that we currently have.
There is nothing wrong with being excited about a growing stock market, but Shervin Pishevar urges caution in this market as he thinks that the run-up has not exactly been fueled on much but speculation and hype. With that in mind, it is time to refocus our thoughts on ways that we can take precautionary steps in the market to avoid the worst of the pain that is sure to come if we do not do anything to try to stop it.
Wes Edens is the chairman and co-founder of Fortress Investment Group. He is the owner of the Milwaukee Bucks basketball team. He is regarded as one of the richest men in America. He is reported to earn about $13.4 million from Fortress alone. He also earns dividends worth $41 million. He is listed as number 297 on the Forbes billionaires list. It didn’t happen in a flash though.
Summary of Mr. Edens and His Career Path
Wes Edens is a private businessman with a rich history in the world of corporate leadership and investment. He is a renowned equity investor with a knack for businesses that return high profits. He owns a basketball team named Milwaukee Bucks. Mr. Edens has been a Managing Director and Partner at BlackRock Financial Management Inc. He has also served in the same position at Lehman Brothers. Mr. Edens is a Finance graduate from Oregon state university. According to Forbes news, Mr. Edens is ranked among the richest investors in the US. He participated in the sale of Fortress to a Japanese Company; SoftBank at $3.3 billion. He has maintained a shrewd business outlook in all his business dealings.
Fortress Acquired by SoftBank
The Japanese giant, SoftBank, acquired Fortress Investment Group for $3.3 billion but allowed Fortress to continue operating independently; although its financial report at every end of the financial year will be incorporated with that of SoftBank. Fortress is one of the investments that have made Wes number 297 on the Forbes billionaires list. According to Forbes, Wes is worth over $1.6 billion. Mr. Wes Edens is said to have sold his stock at Fortress for $ 512 million.The decision by SoftBank to allow Fortress Investment Group to operate independently impressed Fortress leadership and that of SoftBank alike. There will be little disruption of the growth trajectory that Fortress has demonstrated over the years. SoftBank management acknowledged the value addition from the acquisition, saying that Fortress will add their investment expertise to the bank’s portfolio and help it to grow further in the area of investments. Mr. Randy Nardone and Pete Briger will continue working as the Fortress Group’s heads under the new arrangement.
Fortress Investment Group was founded in 1998 as an alternative assets investment company. Wes Edens is one of the founders of the giant investment organization. Fortress is reported to be worth over $ 72 billion. The group has its headquarters in New York City. Fortress has grown over the years and opened branches all over the world. Some of the investments that Fortress has include transport businesses, real estate, infrastructure, healthcare, media financial services among others.
An Investment Legend
Mr. Edens continues to inspire upcoming investors with his shrewd business decisions that turn into gold. He has assets spanning a wide range of niches. He continues to put his money where his mouth is. Wes is often interviewed by pressmen. He has repeatedly told his interviewers that there is nothing as interesting and beneficial as the investment game. He quips that if everyone could see the reality of the world, they would go into investing in assets and stocks across the spectrum of options splashed on the screens in the stock exchanges.
Shervin Pishevar has been uncharacteristically quiet since the end of 2017, amid controversy regarding his position as the head of Sherpa Capital. Although he chose to study molecular cellular biology while a student at the University of California, Berkeley, Shervin Pishevar quickly established himself as one of the most influential investors in the country. He has garnered a wide array of awards and accolades for his entrepreneurial accomplishments, and currently holds a seat on the J. William Fulbright Foreign Scholarship Board, making his voice one of the most prominent in the investment world. Recently, Shervin Pishevar emerged from his place of solace and proceeded to shake up the entire business world with talks of the imminent failure of the United States financial system. In taking to Twitter, Shervin Pishevar delivered a flurry of messages at breakneck speeds over the course of twenty-four hours, taking only a small break for dinner.
One of the problem areas that Shervin Pishevar dished on during his Twitter rant, was the way in which the United States is falling behind other superpowers in terms of innovation and technology. While Silicon Valley has traditionally been the meeting place for all things cutting edge regarding the tech world, in recent years, other zones of competition have caught up to the capabilities historically reserved for California. The spread of the “American way,” regarding entrepreneurship, has essentially made Silicon Valley less of a necessity, and more of a luxury. Countries are now keeping their homegrown talent, which has essentially placed countries such as China, on par with, or even ahead of the United States in a number of important areas. When comparing the speed of execution in the United States with that of China, according to Mr. Pishevar, we are behind by a large margin. In order to back his case, Mr. Pishevar discussed a train station that was built from the ground up by the Chinese with the help of 1500 workers. While the size of the massive workforce is incredible in itself, the team of workers was able to build the entire structure in under 9 hours.