Shervin Pishevar is a prominent angel investor and venture capitalist. His entrepreneurial journey has mainly dealt with startups ideas. Pishevar is good at spotting ideas which have a huge potential of turning into solid businesses. Through Sherpa Capital where he is the former managing director, Pishevar has invested in top companies such as Uber, Hyperloop One, Airbnb and others. Through his efforts, there is a huge number of companies that can attest to doing well due to the impact he has had on them. On matters economy, he well versed and can guide others on the direction to take.
In February 2018, Shervin Pishevar tweeted about the performance of the economy and other matters. He pointed out that the economy would not do well in the coming months. There was every indication that the economy would since every economic indicator was going down. The stock market was collapsing at the time of the tweets. Pishevar was projecting a 6,000 points drop in the market. The performance of the economy is directly linked with the performance of the equities market, and therefore there is no way the equities market would lose, and the economy remains intact. Shervin Pishevar also pointed out all assets that support the economy would be overvalued, and as a result, none would come to the rescue of the economy.
To make matters worse, Pishevar insisted that the measures that are normally taken by the federal reserve to support the economy would no longer work since they have been used so many times that they are no longer effective. The Federal Reserve is used to pumping money into the market, an outdated method that can no longer achieve the objective according to Shervin Pishevar.
Shervin used the tweet storm to lay out his thought about bitcoin. In his opinion, bitcoin is a great idea but could not maintain the high prices it had at the beginning of the year. He predicted that the prices would reach the $2-5k range. It did not take long before this prediction came out true. Bitcoin has been on a meltdown for months now.
You could definitely call it a Twitter tirade if you wanted to. Shervin Pishevar recently went on a fifty tweet, twenty-one hour tweet storm related to all of his ideas about the economy and the state of the world as it stands right now. It was something that inspired a lot of people to take another look at the way things are right now.
Shervin Pishevar has always turned heads when he speaks or writes. He has frequently been right about the predictions that he makes. For example, Shervin Pishevar is probably most famous as an early investor in Airbnb. He staked his capital in a company that people thought would never work out at the time. Now, the company has grown to such an extent that it is a household name. That clearly made Shervin Pishevar a lot of money for his personal bank account. Why then would we now also listen to what he has to say about the world economy as a whole? The truth is, that is exactly what we should do.
The tweets started by talking about how Pishevar believes that the stock market is overdue for a correction. That was followed by tweets about Bitcoin, China, and the American Dream (this guy has range!).
The talk about a stock market correction was something that some people scoffed at. They could not believe that someone would suggest that the precious stock market might fall after the kind of run that it has been having as of late. However, there is little doubt in the mind of Shervin Pishevar that this is going to happen. He was therefore pleased in a way when just three days after he posted these tweets, the stock market began to tank by more than one-thousand points. He quickly dubbed it the “#TrumpDump“.
It is not as though his predictions always start to come true so quickly or even at all. It is about the fact that he is more often right than wrong when it comes to these kind of things. Knowing that, we should all consider our options when it comes to who we take advice from and why we do so.