Shervin Pishevar Predicted a Slow Crash in 2018

Bitcoin, Business, CEO, Financial Experts

The world beyond the tech industry may not know Shervin Pishevar’s name, but its people use technology he has helped explode. A crucial early player at Uber, AirBnB and PillPack, Pishevar has worked as an executive or angel investor for darling startups for 20 years.

In February 2018’s first week, events on Wall Street caused Pishevar to end a long Twitter hiatus. He released 50 thought-provoking tweets over 21 hours.

An Ominous Beginning

Pishevar was responding to a tantrum by the Dow Jones Industrial Average. In one week, it lost about 10 percent of its point value, so Pishevar commenced his tweet storm with a shocking statement.

“I expect 6000 (sic) point drop in aggregate in months (sic) ahead,” he tweeted. Then, Pishevar presented his case.

Widespread Blame

To Shervin Pishevar, modern investing is a morass of flawed financial tools. In a series of tweets, he placed responsibility for the market’s troubles at the feet of interest rates, credit deficits, tax giveaways, CDs, volatility indices and exchange-traded funds. He also derided loopholes that allow the type of risk-taking and unchecked leverage that created 2008’s Great Recession.

Silicon Valley’s American Impermanence

Further, Shervin Pishevar repeated a decade-old belief. Rather than existing within California’s boundaries, Silicon Valley, per Pishevar, is a viral idea. “Entrepreneurship is a movement,” he proclaimed.

China’s Rise and America’s Decline

Next, Pishevar shared a link to a news story that detailed a Chinese construction team’s exceptional accomplishment. According to the story, a team of 1,500 laborers built a train station in one night.

“Meanwhile,” he then tweeted, “our infrastructure is in tatters, decrypt (sic) and decaying. Our government and companies are are (sic) trapped in short term (sic) thinking.”

Unicorns’ Infrequency

Pishevar also bemoaned the behavior of 2018’s tech giants, which are Alphabet, Amazon, Apple, Facebook and Microsoft. In the storm’s final tweet, Pishevar warned that those monopolistic entities might prevent the next Uber from reaching its potential and that the world might not see a new tech unicorn for more than a decade.

Shervin Pishevar’s forecasts could be incorrect. Still, leaders should consider them and adjust accordingly.

https://www.youtube.com/watch?v=GdIlKLX5Pn8