Tag Archives: Bitcoin

Shervin Pishevar’s prediction of the future

Shervin Pishevar is a peculiar investor. He does not just sit around watching numbers all day. He is interested in matters affecting the country’s economy and the world’s at large. In general, he is a chatty investor. In 2008 for instance, he realized that Facebook would soon have an identity crisis. Instead of quietly watching as the situation unfolded. He published an article. True to his word, Facebook did face an identity crisis.

This year, Shervin Pishevar foresees a grim future for the US economy. The investor who had kept a low profile since December posted 50 messages on twitter explaining why he thought the US economy will experience a 6000 point decline. Here are some of the predictions he made:

Bonds are volatile

The government has always used bonds to correct the market. Though useful in easing market strains, it will not be useful anymore because the government has used it too often and every tool has its limits.

Silicon Valley has gone global

Silicon Valley was once the hub of tech inventions. Today, Silicon Valley is not a place, it is an idea gone global. Everyone across the globe is great ideas and inventions. While this is not a bad thing for the global economy, Shervin Pishevar argues that it is not good for the country’s economy. Since the US has lost exclusivity on ideas and talent, the economy can no longer bank on these as a stronghold.

US will lose to countries that capitalize on speed in execution

Recently, as a demonstration that they have speed of execution, China built a railway station in 9 hours. On the other hand, The US government and companies are stuck in short term thinking. This has resulted in the decay of infrastructure.

Big companies will continue to hold on to too much power

Silicon valley’s big five: Alphabet, Amazon, Apple, Facebook, Microsoft hold on to too much power. As a result, they are stifling start-ups. For years, the trend has been acquisition. Big companies simply buy out their competitions.

Other than the grim forecasts, Shervin Pishevar also foresees the birth of a new type of economy. His tweets seem to suggest that impending economic disaster will make was for a new borderless and classless economy.

http://nymag.com/selectall/2016/10/the-kink-in-elon-musks-hyperloop.html

Sahm Adrangi Is Investigating Proteostasis’ Breakthrough Claims

Sahm Adrangi is a well-known investor and business executive in the United States who regularly calls out companies that he believes should be avoided or are making false claims. The latest company under attack by Sahm Adrangi is Proteostasis, a biotech company that has been working on a new drug to combat cystic fibrosis for patients. While this sounds like a good thing, there are a lot of concerns surrounding this “breakthrough” drug that they have been developing. Sahm Adrangi did some digging into the company and various analysts at Kerrisdale Capital have found some concerning data as well. Proteostasis actually has very messy data to sort through, which is not a good thing to see when a company making such strong claims.

In Proteostasis’s test period for their drug, CFTR amplifier PTI-428, only four patients were used for their control. Which means results are most likely skewed as the testing sample is much too small. Proteostasis claimed an increase of roughly 5 percent for patient lung performance, which is most likely just placebo according to Kerrisdale. Over the years, Sahm Adrangi has had no qualms facing biotech companies and their claims, including some of the biggest in the industry.

The data provided by Proteostasis is incomplete as well, which indicates poor testing methods and lack of organizations. Another concerning part of these claims being made by Proteostasis is that there is a lot of pressure on them to create a successful product. Should Proteostasis’s new drug prove ineffective, they stand to lose upwards of 90 percent of their company share value, which would basically mean bankruptcy for Proteostasis. Until this biotech company does a larger study that is complete and provides accurate data, Sahm Adrangi is going to take the short position at Kerrisdale Capital and urges his fellow investors to do the same. As long as Proteostasis continues to show transparency in their procedure and data, Sahm Adrangi will push Kerrisdale’s negative report to the public.

http://fortune.com/2016/04/21/sahm-adrangi-kerrisdale-short-sale/