Silicon Valley is the birthplace of hundreds of successful startups. But the Valley’s reputation for being the number one funder for new companies may come to an end, according to Shervin Pishevar. Shervin Pishevar is one of Silicon Valley’s investment stars. But back in February, Pishevar let his friends in Silicon Valley know other countries were after that number one startup funding spot. Shervin said Silicon Valley lost its sense of urgency. But that’s not all Shervin said during his 21-hour tweetstorm.
Back in February, investors thought Trump’s economic agenda would cure all the ills some economists said were in the wind. But as Trump continues to change the way America does business with the world, investors have a sense that there’s a global economic storm brewing. That’s what Shervin Pishevar said in his tweetstorm at the beginning of 2018.
But it’s still hard for some investors to see what Shervin Pishevar saw ten months ago. Those investors still think the stock market will adjust once Trump’s trade war with China goes away. They still believe the bond market will protect them if the market takes a big tumble. And they believe what the Feds say about inflation being in check. Shervin tried to tell those investors they need to adjust those beliefs. Pishevar’s tweets spell out what some hedge fund investors saw a couple of years ago.
Shervin Pishevar’s 50-plus tweets made some investors mad, but other investors took Shervin’s advice. They got out of the stock market, and they invested in the precious metal market. Other investors looked for other assets that wouldn’t fall apart due to Trump’s flawed economic policies. But according to Pishevar, those assets will be hard to find in 2019 unless Trump changes the way he deals with the world in 2019.
But even though the Pishevar tweetstorm didn’t register with investors in February, those investors are rereading Shervin’s tweets now. They see what Pishevar tried to tell them ten months ago. But many investors still believe Trump has the economic answers that will avoid an economic meltdown in 2019.