Shervin Pishevar Says the US is Under-performing During Crunch Time

This month, the Dow Jones reversed all of the gains that were made in the early part of the year. While this has prompted some panic amongst investment circles, proponents such as the President of the United States, Donald Trump, have remained steadfast in their support. The co-founder of Virgin Hyperloop One and Sherpa Capital, Shervin Pishevar, hails from a completely different school of thought, and in a recent return to Twitter, discussed his predictions regarding a bleak outlook for the future of the Dow. In his estimation, the Dow Jones is all set to suffer a significant loss ranging in the thousands, which will occur in the months ahead. This prediction seemed all the more real when, just one day after taking on the entirety of the Twitter business world, the Dow Jones proceeded to lose over 1000 points. Bonds and industrials vacated their safety nets amidst the large-scale sell-offs and underperforming treasury auctions. Over the course of the 24-hour spree, Shervin Pishevar also discussed the state of entrepreneurship and innovation in the United States.

In recent years, Silicon Valley has been home to many of the world’s foremost tech companies, but, according to the startup connoisseur, its ideas are no longer confined to its physical location. Countries all over the world have begun implementing a culture of entrepreneurship, and with the addition of stateless digital currencies, innovation has become a “borderless” commodity. Many minds that would have formally uprooted their lives to relocate to the United States are now staying put in their home countries, while also harvesting their own talent. Shervin Pishevar believes that Silicon Valley is no longer a must-have, and to go with this, is the fact that the five unicorns existing in America today, are doing their part to strangle homegrown innovation. Companies such as Alphabet (Google), Apple, Amazon, Facebook, and Microsoft, are all titans in their respective industries, yet, in recent years, they have begun acquiring smaller companies at a record pace, which grows their own brands, but makes it nearly impossible for competition from the ground up. This same strength will eventually lead to their fall according to Shervin Pishevar.

http://www.businessinsider.sg/shervin-pishevar-strange-21-hour-tweet-storm-2018-2/

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