Sahm Adrangi – An Exemplary Short Seller

The inauguration of the Kerrisdale Capital Management hedge fund in 2009 coincided with a historic bull market. Despite the budding trend of stock back then, the hedge fund’s founder, Sahm Adrangi, decided to bet against the stocks. By doing this, Adrangi established himself as a short seller. In 2017, Kerrisdale recorded an impressive 20% gain. According to Sahm, short sellers have the upper hand over other investors following the market swoon earlier this year.

Sahm Adrangi is Iranian by birth, although he spent much of his early years in Vancouver, Canada. A graduate of the Yale, Sahm made his mark seven years ago when he earmarked several Chinese enterprises that he perceived as the propagators of fraudulent schemes. Since them, Adrangi has become a prominent short seller, taking on multiple established companies. His most recent short bet is on Eastman Kodak, a firm whose stock shot up significantly after it became apparent that it was planning to launch a blockchain-backed platform to protect photographers from copyright flouting. As Sahm predicted, the stocks have plummeted by a whopping 55%.

According to Sahm Adrangi, short selling is a fairly risky venture, especially given that the market has been bullish for the best part of the last ten years. In this regard, Sham revealed that he has lost over 200% on certain short trades. However, an ebullient market is also good for short activisms, since it increase the likelihood of stocks losing their valuation in a relatively short time.

While 2017 was admittedly tough for short sellers, Sahm Adrangi is confident that the faltering of the markets in February will compel investors to look out for short sellers. Moreover, the demand for short seller hedge funds will most probably intensify. This is because unlike long exposures which is accessible through ETFs and mutual funds, short trades are only accessible via hedge funds.

Regarding the proliferation of cryptocurrency startups, Sahm Adrangi acknowledges that ther will be as many losers as there are winners. He added that many companies are launching blockchain products that are not applicable in real life, citing Eastman Kodak as an ideal example.

https://www.bloomberg.com/research/stocks/private/person.asp?personId=252047507&privcapId=109092301&previousCapId=109092301&previousTitle=Kerrisdale%20Capital%20Management%20LLC

Biggest Predictions from the Shervin Pishevar Tweet Storm

Every once in a while, a big name in the tech world goes on social media and creates a huge dust up. Well, one of the biggest social media events happened right on Twitter. And the big tech name behind the Twitstorm was early Uber investor Shervin Pishevar. During his 21-hour Twitstorm, Mr. Pishevar made a number of hair raising predictions. Here are some of the highlights from the social media blitz from Mr. Pishevar.

The Dow Will Collapse

One of the first predictions made by Shervin Pishevar was that the major US indexes, such as the Dow, would fall into bear market territory. Specifically, Mr. Pishevar said that the Dow would fall 6,000 points. If that prediction comes to past, we could see some of the largest decline, in the index, in the last decade.

Bitcoin Will Also Fall

The world’s largest cryptocurrency was also Mr. Pishevar’s crosshairs, either. In a later tweet, the tech titan predicted that Bitcoin would nosedive from its heights in 2017. This tweet actually turned out to be true since Bitcoin did indeed plummet from a high of $20,000 to the high $5,000 range.

Start-Ups Will Look Beyond Silicon Valley

Another shocking prediction from Shervin Pishevar stated that start-ups will look to other places to hang their shingle rather than Silicon Valley. Instead, Mr. Pishevar believes that tech start-ups will stay where they are and work remotely with their customers and their partners.

American Infrastructure is Falling Behind

Looking outside of his usual tech circles, Shervin Pishevar stated that the United States is being outclassed in the global infrastructure race. The Silicon Valley executive believes that other countries, such as China, will be able to outperform the United States when it comes to building out cities and transportation hubs.

These predictions marked the first time, in months. that Shervin Pishevar made any public statements. And these Tweets, from Mr. Pishevar, have been shared tens of thousands of time all over social media. As the months past, people will soon see which of these incredible predictions will come true.

https://judiciary.house.gov/_files/hearings/pdf/Pishevar%2009142011.pdf