It seems like Shervin Pishevar has a knack for predicting the future. That is what he did back in 2008 when he anticipated that Facebook would have an eventual identity crisis. Because of his correct anticipations and because of his extensive experience, many on Twitter were concerned when he posted some grim predictions about the future of the United States and its economy. He feels that the financial system lies teetering on near destruction. He sent out 50 tweets in just 21 hours anticipating a dark future for the US economy.
Shervin Pishevar is particularly well-known in the Silicon Valley area. He has seeded more than 60 companies as an angel investor. He has started a few companies and venture capital funds, including Investment company. Before sending out those 50 tweets in early February 2018, he had not been heard from on Twitter since he announced his resignation from that venture capital fund in December 2017. In addition to his experience as an entrepreneur, angel investor, and venture capitalist, Shervin Pishevar was given an Ellis Island Medal of Honor back in 2016. He has received other awards and has been recognized for the work he has done.
Shervin Pishevar specifically mentioned that the stock market was going to go down in the months ahead. He said it would go down by an aggregate 6,000 points. Within a very short time from sending out that prediction, the Dow dropped 300 points. This slippage is definitely something to be concerned about. However, Shervin Pishevar’s concerns appear to be broader than just that steep decline. Throughout the twitter rant, he touched on a variety of challenges that the United States is facing, including challenges within nationalism, politics, and even cultural trends.
One of the particularly ominous predictions that Shervin Pishevar makes has to do with the United States’ five big unicorns. He predicts that Alphabet, Amazon, Apple, Google, and Microsoft will lose their influence and possibly completely fall. He refers to them as being built on a monopoly framework and says that they should fall because that is how evolution works. They buy out smaller startup companies, which is bad for economic growth in the US.
There are plenty of voices out there that want to tell you what you ought to think about this topic or that. They will preach to you from their own economic philosophies about how the world ought to work according to their framework. That is all well and good, but there are definitely some downsides to listening to what just anyone has to say on the topic. Instead, listen to someone like Shervin Pishevar.
In terms of entertainment value it is hard to match Shervin Pishevar. He recently logged onto Twitter to announce various stances that he has taken on the economic issues of the day. It wasn’t just a brief comment here or there either. Rather, Shervin Pishevar released a fifty tweet long tirade about all kinds of different issues impacting the global economy as he sees it. He felt that this was one of the best ways to reach out to a lot of people all at the same time.
“Cryptocurrency platforms have exorbitant fees, and they’re hard to use. I think it’s fair to say that our goal is to build the best product on the market, where users can have all of their investments in one place.” @vladtenev via @zoeSaintBernard https://t.co/h4X0dtybxO
— Robinhood (@RobinhoodApp) May 11, 2018
There were no prisoners taken when Shervin Pishevar got on a roll with what he was talking about. He did not beat around the bush when it came to calling out the Trump Administration for their policies that he believes are causing economic turmoil throughout the country. He also was not shy about saying that investors in Bitcoin today are going to get burned by the currency. He simply does not see the value in holding this particular currency at this moment in time. He thinks that it is actually pretty dangerous to do so.
Shervin Pishevar would like to see those who are holding US-based equities dump them to avoid what he sees as at least a twenty percent pullback in the value of stocks in the near future. He thinks that getting people to get out of their equity positions is the best way to avoid some of the pain that is coming.
You could classify Pishevar as a bear in a bull market right now. He would gladly wear that label so long as it turns out that he is right on the facts at the end of the day.