On February 5, 2018, tech investor Shervin Pishevar began a tweet storm on Twitter that business-focused media outlets have called everything from exceptional to bizarre. Always an attention catcher, Pishevar opened his 50-tweet spree with a bold shot.
“Some thoughts on financial storms I seeing brewing ahead. I expect (sic) 6000 point drop in aggregate in (sic) months ahead,” he stated. Over a 21-hour period, Pishevar detailed his position.
Troubling Financial Tools
Importantly, Pishevar negatively criticized multiple aspects of the American investing arena. He warned that volatility indexes exist only to allow risk-taking loopholes like those that lead to the previous decade’s recession. And he seemed particularly dubious of exchange-traded funds and managed-future funds.
Silicon Valley’s Actual Location
For a decade, Shervin Pishevar has cried to anyone who would listen that, though a region called Silicon Valley sits within the United States, the nation does not hold the tech capital and its innovative industry within its boundaries. “As I’ve said before,” Pishevar wrote, “Silicon Valley is it (sic) longer a physical place but an idea that’s gone viral.” He next called entrepreneurship a movement without borders.
Wrongheaded Immigration Policy
Born in Iran, Pishevar is a naturalized U.S. citizen, and he criticized the current presidential administration’s immigration stance. “But while we build walls (sic) physical and culture (sic) to keep out immigrant talent (sic) that talent doesn’t need to come here anymore.”
China’s Rising Profile
To show America’s slipping grasp on world leadership, Shervin Pishevar tweeted a link to news coverage of a Chinese construction accomplishment. In January, a team of 1,500 workers required only one night to build a new train station. “Meanwhile, our infrastructure is in tatters, decrypt (sic) and decaying,” he tweeted.
A Top-Heavy Industry
An igniting force for Uber and Airbnb, Pishevar bemoaned practices of the five tech companies he calls Modern Ma Bells, Alphabet, Microsoft, Amazon, Apple and Facebook.
Of their power to exclude competing startups, Pishevar said, “Small acquisitions are silent assassinations.”
If U.S. tech, investing and government leaders listen to Shervin Pishevar and change their nation’s path, it could enjoy improved economic stability.