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.
Sahm Adrangi, the Investment Manager of Kerrisdale Capital, released a negative report seeking to explain why the firm has recorded a lower position in the Eastman Kodak Company, a commercial imaging and printing firm whose stock rose 187% after launching a partnership with Kerrisdale Capital. The manager said Eastman Kodak Company is literally flawed and thus incapable of providing substantive benefit for its shareholders. He further termed the company along with another firm by the name WENN Digital Incas firms, as firms with well-known dubious backgrounds. He accused Eastman Kodak Company of making hollow attempts to cover its unsustainable and ineffective capital structure. According to the investment manager, Kodak’s soon to be launched partnership will do little to save the firm from plummeting revenues, mounting default risk and negative free cash flow. The seasoned investment management professional promised to hold a press conference where he will release more details regarding the recent negative report.
Sahm Adrangi used to work as Longacre Fund Management’s Investment Analyst before launching Kerrisdale Capital Management. Longacre Fund Management is a privately owned firm with over $1.2 billion valuable assets under its management. Adrangi did investment analysis for the firm, in addition to researching for equity fund and credit fund on behalf of the firm. Before joining Longacre, he worked for Chanin Capital Partners, in the bankruptcy restructuring department. The investor advised creditors on bankruptcy restructuring. His work entailed attending bondholder committees, representing bank debt holders and representing creditors from various bankrupt and distressed companies. In addition to working for these two firms, Sahm Adrangi has worked for Deutsche Bank, where his role primarily entailed restructuring and syndicating non-investment bank debt, and leveraging buyout financings. He is a graduate of the Yale University, where he obtained a BA in Economics. His Kerrisdale Capital offers investment managing services, and it currently manages over $300 million. Based in New York, the firm shares its investment management ideas with the larger investment community via its official site.
Sahm Adrangi move to release the negative report regarding Eastman Kodak Company paints the firm in a truly negative light and thus its future could be ultimately uncertain moving forward.
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.