Venture capitalist Shervin Pishevar embarked on a wide-ranging tweetstorm in February 2018. He expounded on the possibilities of the stock market, Bitcoin, startup companies, and monopolies, among other important topics. The key to Pishevar’s tweetstorm lies in his predictions that the market would dip in 2018.
As of the summer of 2018, these predictions have come true in a moderate fashion. Shervin Pishevar did correctly predict the fall in Bitcoin prices, though the drop has not been as severe as he warned it might be. “Gold will rise in response (to Bitcoin’s fall). Bitcoin will continue to crash but stabilize at 2-5k range and begin a more stable rise over the next 24 months.”
As far as stocks are concerned, the market has experienced a number of sell-offs, but the market has remained relatively stable. The 6,000 point drop that Pishevar predicted has not yet come to pass.
Pishevar touched on many other topics in his tweetstorm. He pointed to the resurgence of China, stating that its dominance in infrastructure could greatly influence the global business climate. He criticized infrastructure in the United States, claiming that “our infrastructure is in tatters, decrypt and decaying. Our government and companies are trapped in short-term thinking.”
According to Shervin Pishevar, technology innovation is moving overseas and Silicon Valley is losing its dominance. Shervin Pishevar warned of the five American tech monopolies: Apple, Amazon, Alphabet, Microsoft, and Facebook. He stated that these five mega-corporations stifled technology investment in the United States.
“Just like Ma Bell, these 5 giants have too much power, stifling startups,” he claimed. “Uber might be the last giant to eke out before it was too late.”
One sector of the economy that Shervin Pishevar is bullish about is space exploration. He pointed to the exciting possibilities of Elon Musk’s SpaceX and Richard Branson’s Virgin Galactic. He said that the companies would “suffer derision” until their core business was successful.
Shervin Pishevar has a unique and valuable perspective on the tech and financial worlds. While not all of his predictions have come to pass, it is worth keeping them in mind as the months go by.
Peter Briger is a Co-Chairman of the Fortress board of Directors and a principal. He is a graduate of the University of Pensylvania. He has had a long professional career and is a respected member of his community. He has worked in the asset management sector for over two decades. Fortress is a global leader in alternative asset management and investment solutions. It also has a strong team of experts in the area of risk management. Fortress serves both private and public clients. It has over 1700 clients whose assets it manages. The company’s assets are estimated to be in the range of $65 billion. Fortress is an equal opportunity employer with a strong focus on skills. Pete Briger was elected to become the Chairman of the Board of Directors at Fortress in 2009.
Peter Briger is the Force behind the Scenes at Fortress
After he was appointed to become the Chairman of the Board of Directors, he has, ably, overseeing the activities of the organization in the areas of real estate and credit fund businesses. He graduated from Princeton University and proceeded to the University of Pennsylvania where he graduated with a Master of Business Administration. He has worked for several high profile companies including Goldman Sachs where he was in charge of oversight of several business activities. He currently serves on the Global Control and Compliance Committee. He also served as a co-head for the Fixed Income Principal Investments Group, among other senior roles. He is noted to have played a major arbitration role in managing the Asian Distressed Debt, and the Special Opportunities Fund by Goldman Sachs.
Peter Briger as Philanthropist
Peter Briger is conscious of the communities he operates in. He is a regular contributor to a range of philanthropic causes. He also serves on the Silicon Valley Leadership Council for the Global Fund for Children. He serves on the Council on Foreign Relations which works to promote a broader understanding of foreign policy matters between elected officials and the common people.
Fortress Investment Group began way back in 1998. It was begun as a private equity firm but has enlarged and increased its services. Fortress Investment Group provides financial advisory services to organizations across the globe. It has a team of experts that also help start-ups to put their houses in proper business order. Fortress has a reputation for revamping businesses that traditional asset managers and investment experts had written off as failures. Owing to its reliable risk management strategies, the company has won the trust of many public and private clients across the globe. Fortress has over 953 experts; about 200 of who specializes in asset management, and are spread out across the various outlets. Fortress provides custom-made financial and investment advice. It has posted impressive financial results for several years running. In one of the major deals, recently, Fortress was acquired by SoftBank but was allowed to continue operating independently; with its leadership and business models. Peter Briger, Randy Nardone, and Wes Edens will continue to steer the company’s business. It is only the annual financial report that will be incorporated into the one of SoftBank Group of Japan.
Super angel investor, Shervin Pishevar, is well-known as being the previous managing director and co-founder of Sherpa Capital. This is a venture capital fund that has invested in companies like Uber and Airbnb. He recently went on a 21 hour tweet storm that had some ominous predictions for the economic situation in the United States. Other predictions he has made regarding economics have proven to be true.
After a dramatic drop in the stock market in February 2018, Shervin Pishevar went on to post a variety of tweets that predicted bad things for the US economy. For example, he talked about quantitative easing. This is a process that central banks use to buy bonds. In the past, it is a tool that has been used to correct downturns in the market. However, Shervin Pishevar tells people to not be fooled by quantitative easing, basically saying that government bonds do not have limitless power when it comes to correcting the market.
In his 17th tweet, Shervin Pishevar said that inflation is dead. He said that the United States has been able to export its inflation for many decades and says that it never manifests itself in the way that people expect. He feels that under the current administration, uncertain trade deals are not going to help the situation.
He also addressed big funds. In his 14th tweet, he mentioned that when the market tanks, major CTA and managed future funds are taken out. He believes that there is a precedent to expect that big funds are going to bite the bullet.
These are just a few examples of the ominous predictions made by Shervin Pishevar in his 21 hour tweet storm rant. However, he did not only make bad predictions about the economy. He did say that there were some moonshots that would inspire good work. The exceptions to the rule included Virgin Hyperloop and SpaceX. Many feel that these predictions should be taken with a grain of salt, especially considering that Shervin Pishevar is one of the co-founders of Virgin Hyperloop. He mentioned that these moonshots are possible for smaller companies because of the decaying and decrypt infrastructure in the United States.
Willis Towers Watson, a leading, global advisory, insurance and reinsurance firm, has recently announced that Michael Burwell is taking over as its new Chief Financial Officer as of October 2, 2017. Michael is replacing outgoing CFO Roger Millay. Michael has 31 years of extensive experience in the industry of finance and professional services. Michael has held numerous impressive leadership roles in the past including serving as Head of Global Transformation, Chief Operating Officer and Chief Financial Officer in the U.S. as well as Head of Transaction Services in the U.S. He has an extensive amount of experience in the areas of auditing and transaction services.
Willis Towers Watson‘s CEO John Haley is thrilled with Michael’s ascension to the position of CFO. He believes that it is a critical point in the history of the company and it is exciting to have someone with Michael’s abilities come on board with the leadership team. Haley comments that “Mike understands managing, leading and driving results in a complex, global company with a strong focus on clients.” Haley also duly recognizes the huge contributions that outgoing CFO Roger Millay has made to the firm. He truly believes that Roger has left the company stronger than when he found it. For his part, Michael Burwell is thrilled with the opportunity to take on this role. He has consistently reiterated that he has been impressed with every aspect of Willis Towers Watson, including the company’s inclusive culture. He is looking forward to making valuable contributions to the company’s future success.
Michael Burwell spent 31 years working for Pricewaterhouse Coopers LLP. Eleven of those years were spent working in the assurance practice of the firm taking care of numerous audit clients. Michael moved the PwC’s transaction services practice in Detroit in 1997 when he was admitted into the practice. Michael enjoyed massive success in his Detroit appointment and was then tasked with taking over the leadership role of PwC’s central region. He eventually ascended to the position of US Transaction Services leader. In 2007, Michael Burwell again took a big step forward in his career when he became Chief Financial Officer and in 2008 became Chief Operating Officer of PwC’s businesses in the United States. Michael also served in the role of senior relationship partner on several key accounts during his PwC tenure.
Michael Burwell is a CPA. He holds a bachelor’s degree in business administration from Michigan State University. Visit This Page for more information.
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Before you hire a professional financial advisor, it’s a good thing to check out Agora Financial and see the amount of publications they’ve made available to those who require it. You’ll find it pays to learn more about finances yourself so that you can handle unexpected problems and issues that come up rather than hiring an advisor who may not be able to detect these errors. You might even find that your money grows more quickly because you’re not relying on someone who has hundreds of other clients and cannot put the time and dedication into your account that it is going to need to be a true success.
Now, a Trade War — Is a Shooting War Next? – This post Now, a Trade War — Is a Shooting War Next? appeared first on Daily Reckoning. A popular thesis since the 1930s is that a natural progression exists from currency wars to trade wars to shooting war… https://t.co/CPw23VMX9x
— Agora Financial (@AgoraFinancial) March 3, 2018
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Vincent Parascandola is a recognized financial professional working at AXA Advisors where he serves as the Senior Executive Vice President. His key responsibilities in the company include sales, recruiting, retention and mentoring of new and experienced financial professional. At present, AXA Advisors has a network of more than 6000 financial experts thanks to Vincent Parascandola’s effective leadership skills and rational strategies.
Before shifting to AXA Advisors, Parascandola worked with Prudential in 1987 and served as one of its agents. During his time at Prudential, Vinny was named the National Rookie of the Year due to his relentless efforts towards meeting the goals of the firm. In 1990, Parascandola worked for MONY Life Insurance Company, where he held various local and senior regional field positions, before joining the team of financial professionals at AXA Advisors in 2004.
Before his role as the President of AXA, Parascandola served as the President of the Advantage Group, one of the units within AXA Equitable that mainly focuses on attracting experienced financial professionals and helping them meet their personal and collective goals. Formerly, Vinny served as a Co-manager of AXA’s New York Metro Branch. Under him were more than 400 financial experts that looked up to him for professional guidance.
Parascandola’s outstanding leadership skills have earned him numerous management awards throughout his career. For instance, his exceptional talents and brainy strategies earned him the GAMA’s Career Development Award and the prestigious Master Agency Award. Also, Vinny is an acclaimed international speaker and has spoken at several corporate events and industrial seminars. He is always among the key speaker in GAMA’s National LAMP Summits and LIMRA’s Distribution Conferences. Parascandola is a dedicated member of GAMA and is a former President of Florida Chapter.
Vincent Parascandola holds a Bachelors of Science degree from Pace University, New York. In 2014, Parascandola went back to the reputable Pace University to deliver a commencement speech to the graduating class, and he delivered an inspirational speech that earned recognition and honor among the top speakers. With Vinny Parascandola and other effective financial experts at the helm of AXA Advisors, the firm is likely to reach new heights and penetrate more markets.