Tag Archives: Investment

Shervin Pishevar: America And The Stock Market

America is a great country full of innovative people who come up with great ideas. However, they may be handcuffed in the future when it comes to creating wonderful startups that benefit the social good. That is the way that Shervin Pishevar sees it anyway.

He was an early investor in Uber before that was something that had really caught on. He believed in the promise of the company and wanted to put his money where his mouth was. Therefore, Shervin Pishevar made the investment and has reaped the rewards of it ever since. He has always been able to credit this to himself and has been able to say that he did that when few others did. This is what makes him so worthwhile to listen to for his ideas now.

One of the first things that Shervin Pishevar said that you should know about is that he believes that the stock market is headed for a correction of at least twenty percent. That is a big drop in the market in historical terms. It is actually the kind of thing that we are simply not accustomed to seeing at all. However, it is one of those things that can happen from time to time when prices get too high. Pishevar is suggesting that prices are currently too high.

He is not just going after the stock market. There are concerns in other asset classes as well. Bitcoin is a great example of an asset that a lot of people thought could only continue to rise in value but which has actually the potential to do exactly the opposite.

Pishevar thinks that if there is going to be a run on anything it might be Bitcoin. He says that there is value in Bitcoin, but he is also skeptical that it is as valuable as people are pricing it at today. He would like to see it in the two to five thousand dollar per coin range before he would ever consider purchasing some for himself.

All of these big thoughts and ideas are critical to the philosophy that Shervin Pishevar preaches as related to the economy.

https://www.indiatoday.in/topic/Chairman-Shervin-Pishevar

https://podtail.com/sv/podcast/this-week-in-startups-video/e629-hyperloop-tech-co-founders-shervin-pishe/

The Career of Wes Edens

Wesley Robert Edens, known as Wes Edens, is a businessman, investor, and professional sports owner based in the United States. While he is well known in the business world, he is perhaps most famous for being a partial owner of the Milwaukee Bucks NBA team. His interests also lie in e-sports- he outright owns the popular League of Legends team, Flyquest.Mr. Edens started his career at the famed investment bank, Lehman Brothers. At Lehman, he was a managing director/partner until 1993. After his tenure at Lehman Brothers, he joined the private equity division at Blackrock Asset Investors. Wes stayed there for another 4 years and became a partner and managing director until his departure in 1997.After leaving Blackrock, Wes Edens joined with four other principal partners to form Fortress Investment Group. This company was founded in 1998, shortly after his departure from Blackrock.

Their investment goals were to make “contrarian bets, creative financing, and a knack for building business from investments.” as was written in the Wall Street Journal in 1998.Fortress Investment Group grew to become one of the major players in the investment market and became the first publicly traded buyout firm in history. Their initial public offering was in February of 2007 and it was a smashing success, with an 8% share of the company sold to the general public for a total of 600 million in funds raised.Their success continued and by the mid 2000s the company’s managed assets included private equity funds, real estate vehicles, hedge funds, and many other widely diversified investment pathways.

The company grew so large that Wes Edens and all of his partners became billionaires in 2006. They saw a decline during the housing market crisis but managed to create a surprising rebound by getting involved in subprime lending later in the game.Fortress and Wes Edens announced the founding of a gaming/esports team named Flyleaf, in 2017. This team is primarily a league of legends based team and currently competes in the North American LCS or Legends Championship Series. Wes Edens is also one of the majority owners of the Milwaukee Bucks NBA team. Wes and a partner, Herb Kohl, purchased the team in 2014. They paid more than 500 million dollars and made a promise to the local community that they would keep the team local- they have up until this day kept that promise.

Role of Peter Briger in Fortress Investment Group

Mr. Peter Briger is a co-chairman and principal of board of directors of Fortress. He is a graduate of Princeton University with a business administration degree and master’s degree from the same university. As a result of his qualification and competence, he was appointed as management committee in 2002 responsible for real estate as well as credit management. He is ranked 370 according to the Forbes lists of the wealthiest individuals across the globe. Peter Briger is considered as an enigma in the capital management aspect. In the recent times, Peter has worked closely with other institutions which are have experienced challenges with their liquidity. For instance, Mount Kellett Capital Management LP which is worth $5 billion has been experiencing financial distress, and it turned to Peter for a bailout.

As a result, the Fortress Investment Group LLC which is a subsidiary of Fortress funds agreed to bailout Kellet Capital by investing $200 and gain the majority shareholder. In addition Fortress Investment funds have not only taken control of the organization but leveraged on ensuring business venture. In the recent times the Mount Kellett Company is undergoing restructuring, and as a result, it has retrenched more than 30 employees across the globe. Therefore, the bailout by the Peter Bridger is welcome news which will facilitate the bailout process and ensure smooth flow of the retrenchment exercise. The main reason for the laying off employees was to make sure the organization maximized its returns through reducing the cost implication from huge employees’ workforce.

The entry of the Wall Street on the journal in the bitcoin market has elicited mixed reactions from the Briger who has had a special interest in the instrument of trading. According to Peter Briger, Wall Street entering in the trading of bitcoins will only make it better for the concept to spread further and become accepted by all the parties within the market. In the case of bitcoins, several challenges have been experienced and the recent one being the withdrawal of the Wells Fargo from the business. Thus the engagement of Wall Street in the business is an indicator of the significant impact which the market will benefit from the use of bitcoins in trading. Despite the fact that Wall Street is cagey in engaging in bitcoins, Briger is optimistic about the organization taking up the idea and further developing the aspect. According to Briger it will not be easy for the Wall Street to engage in the bitcoins since it is still perceived as volatile and risky for investing.