When Shervin Pishevar was getting started in Silicon Valley, Uber wasn’t on anyone’s investment radar. But Pishevar saw an opportunity to make some real money from the personal taxi concept so he invested $21 million in the startup.
That investment gave him the reputation he needed in the investment world. After that successful investment, Pishevar told his Menlo Capital partners that Airbnb was a solid growth candidate. Every startup Shervin Pishevar invested in turned out to be cash cows, and his reputation as a hedge fund superstar spread across the industry.
But just like all superstars, Shervin Pishevar had challenges to overcome. When he started his Investment company hedge fund, he thought he could overcome those challenges, but things didn’t work out the way he planned. Pishevar resigned from Investment company at the end of 2017. He decided to pull himself out of the investment limelight for a couple of months and chill. But in March 2018, Pishevar couldn’t stay quiet any longer. He went on a 21-hour, 50-plus tweetstorm that made Trump look like a tweeting novice. During his tweetstorm, he told investors to be careful what they wish for because the stock and bond markets were going to disappoint them in 2018 and 2019.
Mr. Pishevar said the stock market would drop by 6,000 points over several months. He knew the market was in overvalue mode, and he also knew the Feds had to start raising interest rates to curb inflation fears. And Shervin also knew Trump’s tax cut plan wouldn’t be fuel for the economy for long. Investors thought Shervin Pishevar was just trying to be relevant by shaking up the investment status quo. But now that the stock market erased all the 2017 and 2018 gains, they want to hear more from Shervin Pishevar.
Pishevar mentioned several issues that would slow down the economy. Trump’s tax cuts wouldn’t keep the economy moving in the right direction, according to one Pishevar tweet. And another tweet warned investors about a cryptocurrency decline. Pishevar did paint a grim economic picture back in March 2018, but he saw things other investors didn’t see. But those investors see them now.