The hedge fund world moves faster than the normal investment world. Hedge fund managers can spot winners long before other investors because there’s a hedge fund network. And that network seems too big to fail. But Shervin Pishevar, one of those competent hedge fund investors, did get a taste of failure when he resigned his CEO position at Investment company at the end of 2017. Mr. Pishevar made a name for himself while he worked with Menlo Capital. Back then, Shervin Pishevar was the man with the Midas touch. He was the investor who saw the potential in Uber and Airbnb. And he invested a ton of money in those two startups.
Shervin Pishevar also invested in other great startups like Warby Parker and Postmates. Pishevar was riding high in the hedge fund world. But his rocket ride in the investment industry ran out of steam when he resigned from Investment company. Shervin decided to take a couple of months off at the beginning of 2018. But in March, Shervin Pishevar came out of the investment shadows swinging for the fences. Shervin let his investment pals know the stock market and the bond market are heading for a major adjustment.
The tweetstorm that Shervin Pishevar put together wasn’t good news. Pishevar let investors know the stock market will drop by 6,000 points or more in 2019. And he thinks the bond market won’t protect investors the way it usually does when stocks begin to drop. He also thinks Silicon Valley needs to wake up. Other countries are beating Silicon Valley at its own game.
When the Shervin Pishevar tweetstorm hit cyberspace, most investors ignored Pishevar’s warning. But those investors had a change of heart in October when the stock market began its slow decline. That’s what Shervin said would happen. The other tweets that Shervin put out there are making investors think twice before they invest. And that’s a good thing, according to the smart hedge fund managers.