Browse Category: Investment

Sahm Adrangi Speaks at Important Conference

Sahm Adrangi spoke at a conference called “The Art, Pain and Opportunity of Short Selling” on May third, 2018. The event, hosted at the New York Athletic Club by well-known New York investor, philanthropist and author Whitney Tilson, who gave the opening remarks that Thursday.

Sahm Adrangi gave the first speech of the night after Tilson, discussing ad fraud opportunities. Acknowledging that the business community still needs to fight against fraud, Sahm Adrangi says that knowing the impact of fraud on the market, focusing on diligence in investing and recognizing the links between short-selling opportunities and fraud can lead to some profitable opportunities. When a companies stock is about to take a huge dip in value is when ad fraud is most likely. By staying informed of this a short-selling investor can prepare and be ready when it happens.

Head of Kerrisdale Capital, Sahm Adrangi began the company with $1 million in capital. He now manages over $150 million and has made a name for himself in the industry. Sahm Adrangi is also known for his massive success short-selling several fraudulent foreign companies, including several from China.

Adrangi was followed by David Einhorn, head of Greenlight Capital since its founding in 1996, and many other financial luminaries from around the world, such as Soren Aandahl of Glaucus Research Group and Enrique Abeyta Ubillos from Project M Group. They spoke on such topics as “Tesla is STILL a zero”, “The Other Greek Parmalat” and “The Best/Worst Short We Ever Had.”

“The Art, Pain and Opportunity of Short Selling” started at 7:15 with a breakfast and ended with a reception at 4:30. It was focused on many of the small nuances that exist in successful short selling, both basic and advanced ones that even experienced investors might not know. This information is helpful to short sellers as they are being hit hard by a long bull market right now. First quarter earnings were not what most investors expected, and many analysts are predicting a lot of movement in the next few years among long and short investors alike.

https://www.benzinga.com/topic/sahm-adrangi

Is Shervin Pishevar A Psychic? Perhaps – We’ll Never Know

If people could reliably – even halfway-reliably – predict things, they could quite literally make livings through gambling; technically, it couldn’t even be called gambling. While some people are professional gamblers in somewhat-predictable areas of betting like sports, most people’s abilities for predicting things are horrible.

Let’s look at one of Silicon Valley’s top investor’s predictions and statements about the economy, financial instruments, and business at large. All of them weren’t correct – the man isn’t a psychic – though a fair amount of them was, in fact, on point.

The man’s name is Shervin Pishevar

First-generation Iranian immigrant Shervin Pishevar unleashed a level-headed slew of tweets in the first week of February 2018. As we approach the six-month anniversary of Mr. Pishevar’s memorable tweetstorm, let’s look back at some of the things he asserted as fact – things that can’t reliably be measured, therefore making predictions inherently impossible – and other market events he quantified and got correct – Shervin Pishevar just might be Ms. Cleo in disguise.

Bitcoin fell even further from its December 2018 peak

On February 6, Shervin Pishevar declared that Bitcoin – the world’s first cryptocurrency was trading for roughly $7,900 on February 6, 2018 – would drop to anywhere between $2,000 and $5,000 in terms of USD per bitcoin. Thus far, the cryptocurrency has, in fact, reached a low price of roughly $5,700 this year – to be precise, the digital currency dropped to that low on June 24, 2018.

Though it never reached a true $5,000 US Dollar per bitcoin mark, Shervin Pishevar’s prediction got pretty close.

Gold would get more expensive, he said

The price of gold was between $1,330 and $1,320 per ounce throughout February 6. Although 2018 has yet to close as of July 31, 2018 – there are, in fact, five more months left in the year – the precious metal is currently trading about $100 less today than it was in the first week of February.

You win some, you lose some – then again, Shervin Pishevar didn’t specify a time horizon, making it not possible to make a judgment on his tweet’s accuracy yet.

http://www.siliconbeat.com/tag/shervin-pishevar/
https://www.linkedin.com/in/shervinpishevar

Louis Chenevert Is A Gem As A Leader

Canadian businessman Louis Chenevert to surround yourself with successful people. A strong team that works well together will eventually make it to the top. Mr. Chenevert experienced the opposite at a job in his early career and it impacted him greatly. From there he knew that treating everyone with respect, listening, and working as a team would be crucial to success.

Mr. Chenevert earned a Bachelor of Commerce degree in Production Management from HEC Montreal in Canada as a young man. With a passion for business and desire to be successful Louis worked his way up for a number of well known companies including General Motors. His first position there as first line supervisor at an assembly plant was one of the worst jobs he had. This was also the second shift so it was even more challenging. He found that management would not take the time to listen to employee, which greatly impacted Louis and how he would be as a leader. Employees would often have great input and ideas that would not see the light of day. After 14 years working his way up in the company, Louis Chenevert was ready for a change. He started working for Pratt & Whitney, a company under the umbrella of United Technologies Corporation in which he would run one day. With time eventually he would become Chief Executive Officer, President, and Chairman of the Board for UTC. With a long career under his belt he retired at the end of the 2014 year. He revolutionized their jet engine by incorporating the most advance technology and helped United Technologies Corporation acquire Goodrich aerospace, all the while not doing any unnecessary firings or compromising the environment. Louis Chenevert was able to accomplish this tremendous feat with relentless focus, follow up, talented individuals, and lots of passion. He believes with the right team anything is possible. Listening to individuals who are don’t want to accomplish the same goals will disrupt the outcome. In 2015 Goldman Sachs Merchant Banking Division had the pleasure of gaining this remarkable individual as their Senior Industry Advisor. Louis Chenevert also sits on a number of boards and has won awards for his outstanding work.

http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx