Back in February of 2018, Sherpa Capital founder Shervin Pishevar went on a 24-hour twitter rant where he expressed his views and opinions, to say the least. In this Twitter rant, he went over things like the stock market, our nation’s crumbling infrastructure, and bitcoin. Most of the things he said were not factually based at all. Instead, they were just opinions that he had come up with. In this article, I am going to be going over a few of his opinions and what I think of them.
Starting off the Twitter rant, Shervin Pishevar basically stated that within the coming months the stock market was going to drop 6000 points. First of all, no one can accurately time the market. Not even the best economists and investors around the world can. People like Peter Schiff and others have been warning a recession for the past three years now. This just goes to show that people just don’t know when it is going to happen. Plus, you should never try and time the market. At that point, you are just gambling. In the end, invest in the S&P 500 or a solid mutual fund with a proven track record and you should be good over the long run.
Next, Shervin Pishevar stated that Bitcoin would continue to crash to the two thousand dollar range and then start to recover. If you know nothing about bitcoin or cryptocurrencies in general, just know that the whole market is based around speculation. In other words, the price is always based on what people believe it is worth. When everyone that wants to get into that investment eventually gets in, it can’t go any higher which is when it crashes. In my opinion, bitcoin and blockchain are still very new to this world. It is really hard to say how they are going to react given the market that they are in. I don’t actively follow Bitcoin so I don’t know what happened. In the end, Shervin Pishevar is entitled to his own opinions and views. I just do not agree with most of them.
Sahm Adrangi is a 33-year-old Chief Investment Officer who comes from New York City. Between 1999 to 2003 he was a student at Yale University and has a Bachelor of Arts in Economics. He is the current Chief Investment Officer and founder of the Kerrisdale Capital Management firm since April 2009.
Sahm Adrangi was initially working with Longacre Fund Management as an investment analyst from April 2007 to February 2009 before the creation of the Kerrisdale Capital Management. Longacre, a private venture association with $1.2 billion resources under administration as from December 31, 2008, allotted over a flagship debt credit and equity fund in the United States and also Europe. Mr. Adrangi directed venture analysis as well as research for both credit and equity funds.
Kerrisdale Capital, a New York-based centrally adjusted investment manager managing $300 million focusing on long-term esteemed investment and occasion driven special circumstances. Kerrisdale effectively shares its ideas with the more extensive investment community through its site as well as outside sites.
On April 11, 2018, Kerrisdale Capital distributed a negative report clarifying its short position at QuinStreet, Incorporation (NASDAQ: QNST), a web marketing organization whose stock cost has recently quadrupled. Speculators have turned optimistic after the long-beleaguered office is at last moving correctly. Be that as it may, Kerrisdale cast significant doubt about quality and maintainability of QuinStreet’s transactions, which Kerrisdale contends has profited from fraudulent web activity.
Before his tenure with Longacre, Sahm Adrangi was working in bankruptcy restructuring group at the Chanin Capital Partners from December 2005 to March 2007. Mr. Adrangi assisted in advising the creditors at Chanin and represented the bondholder committees, bank debt holders, creditors of the distressed as well as bankrupt companies and preferred equity committees. However, before joining Chanin,Sahm Adrangi was with leveraged finance group of Deutsche Bank from April 2004 to October 2005. He assisted in the structuring and associating non- investment review bank debt as well as high return bonds, including Chapter 11 exit financings, leveraged buy-out financing, and debt refinancing. His years of experience have earned him skills in investment management, trading, equities, capital markets, restructuring to name a few.