Posts Tagged: Finance

NBA Team Owner Wes Edens Shares His Hobbies And Upbringing

Wes Edens, along with Marc Lasry, is an owner of the NBA’s Milwaukee Bucks. During the 2018 All-Star festivities, he was interviewed by Ric Bucher of Bucker and Friends about his past and where he sees his sports franchise headed.He has enjoyed sports throughout his life. He grew up in the mountains and was once a competitive skier. He has enjoyed rock climbing since he was a youth and still likes to climb really hard rock faces such as the Cathedral traverse outside of Jackson Hole, Wyoming. One of the more dangerous times he was rock climbing took place in Wind River Range with a storm blowing in.

Wes Edens says that the wind was blowing at 50 mph and blew apart ice that ended up in the face of himself and the other climbers. They had to hunker down for an entire day and then continue on. He said that this type of event really cleans you out mentally and it’s pretty challenging. According to Wes Edens when you’re rock climbing one of the best parts is that you are completely off the grid without a cell phone to harass you. It’s really rewarding to focus on each step day after day in a really hard physical situation and enjoy the challenge. It takes a few days into a climbing expedition to really release your brain from modern day things like media and staying connected.

He grew up on a ranch in Montana and started college at Montana State. He decided that wasn’t the best thing to be doing and so transferred to Oregon State University. About Wes Edens, he says that Montana is a fantastic place but he was ready to move on and grow elsewhere. He chose Oregon to move to because it was nearby and yet really a long way away. Wes Edens eventually moved to New York City and became an executive at a major financial institution. He says it’s a great place to be from a successful business standpoint although it’s not all positive. He really likes the diversity and how people work really hard but he also really likes nature and there isn’t much of that in such an urban place.

Read more: https://en.wikipedia.org/wiki/Wes_Edens

Shervin Pishevar tweetstorm reveals the state of US economy and the bond market

Shervin Pishevar is the former managing director at Sherpa Capital and an Uber investor. He is a venture capitalist who has helped nurture the talents of so many Americans in the Silicon Valley. Some of his recent contributions can be seen through companies such as Munchery, Uber, Hyperloop One and Airbnb. As an investor, he has seen a lot happening in the fields of economics and finances. He can know when to invest and when to keep his hands in the pocket. His experience makes him one of the prominent voices as far as the growth of the American economy is concerned.

The Tweetstorm

In February of this year, Shervin Pishevar posted 50 messages on Twitter after staying out of the social media for a few months. His comeback was pronounced due to the weight of the messages he posted. He revealed his thoughts on various matters surrounding the US economy and the financial industry in general. The highlight of the tweetstorm was the dim picture he painted about the US economy.

The downfall of the economy

After considering various factors that go hand-in-hand with economic growth, Shervin Pishevar was convinced that the US economy was on the downward trend. The stock market was going down, inflation was kicking in, and the interest rate was going up. All these indicators show an ailing economy. Shervin Pishevar projected that the stock market would drop by 6,000 points in the year. The losses would be enough to erase the gains made in the past one year.

The bond market

Shervin Pishevar mentioned the bond market would also be on the receiving end. The volatility witnessed in the market would catch up with other markets ad essentially there would be no worthy asset for investors. All of them will be overvalued, and there would be no net gains in the process for investors. Shervin added that the uncertainty that is coming from Washington in regards to trade deals is only making matters worse. He predicted that the bond market would first rise before tumbling down and would be in line with the equities market.
http://www.pishevar.com/philanthropy/