Shervin Pishevar launched into an epic tweet storm recently that lasted around 21 hours. He shared a plethora of thoughts about the current state of the economy as well as market predictions for the coming months. This barrage of financial advice took Twitter users by surprise because Shervin Pishevar is a prominent investor and visionary whose advice is highly sought after.
Shervin Pishevar is perhaps best recognized as one of the first investors in Uber, which earned him a well-deserved reputation for being able to spot promising investments much sooner than his peers. He is also the founder of HyperloopOne and has amassed a huge social media following.
What is most impressive about the financial tweets by Shervin Pishevar is that they have stood the test of time. Generally, most of his predictions have come true. He forecasted a 6,000-point downturn in the Dow as of February 2018. He also had dire warnings about the state of American dominance in the international arena. He thinks that the era of American exceptionalism is over and that the U.S. can no longer continue to view itself as the stand-out leader among nations. According to Shervin Pishevar, part of this shift in international power is due to the waning significance of Silicon Valley as the tech mecca that it once was.
Along those lines, he warned that entrepreneurs are no longer constrained by national boundaries and that they can operate anywhere in the world. This is disrupting the influence that major tech companies have clung to for the last decade or so. There are five major companies that were only promising start-ups not so long ago that he sees as currently holding a monopoly on the market for venture capitalists. The advent of lower start-up costs and cloud computing has made it so that entrepreneurs from all backgrounds are able to gain entry into a market that was once dominated solely by seriously backed companies. This will cause a major shake-up in the tech industry and will have reverberating effects on the stock market, per Shervin Pishevar’s predictions. The extent of this phenomenon remains to be seen.