Shervin Pishevar used Twitter as a means to express some serious concerns he has about the US economy, technology, bitcoin, immigration, and more. This tweet storm lasted 21 hours and was in response to one of the most dramatic drops in the stock market that has been seen in recent history.
One of the things that Shervin Pishevar pointed outin his tweet storm was that he felt like the stock market was going to crash. He says that US citizens should expect to see the stock market go down an aggregates 6,000 points in the next year. He feels like this will occur because of increasing credit account deficits, rising interest rates, and increasing tax giveaways. He says that people should expect to see the government use quantitative easing tostabilize the market. However, he warns that no one should be fooled by this tool because it has been used too many times in the past. He says that bonds are not what they used to be.
Shervin Pishevar is especially well-known in Silicon Valley. That’s where he got his start and has made his fortune. In his tweet storm, he said that Silicon Valley is no longer a physical place but an idea that’s gone viral. Entrepreneurship is not something that just helps people fulfill the American dream. He says that it is a movement and has become borderless. The United States builds physical walls to keep out immigrant talent, but immigrant talent no longer needs to come here. Frictionless innovation is flourishing in other countries, which is good for their economies. However, it is not good for the economy in the United States.
Toward the end of histweet storm, Shervin Pishevar had some grim predictions for financial and governmental institutions. He says that they are facing a reckoning of irrelevance that is only seen every 1,000 years. The shift is going to be the result of a revolution in stateless digital currencies. Nowadays, if a person wants to start a company, they can choose their currency. Currency is the ultimate app. Shervin Pishevar sees a possible expansion in entrepreneurship because of digital currencies and ways to raise funds.
The Fortress Investment Group is a publicly traded company that is involved in investment management that mostly includes real estate properties that are valued over $70 billion assets. The company’s stakeholders comprise mainly of private individuals and institutional organizations all over the world, and it has service offices strategically located in Hong Kong, Singapore, Italy, Los Angeles, and Philadelphia – its main office is located in New York City. Fortress Investment Group started its operations in 1998, and it became a publicly traded company in 2007. In 2015, the company sold its Stuyvesant Town Peter Cooper Village options for $5.3 billion. The stakes in question was owned by CWCapital – a holding company of Fortress that it acquired in 2010. By 2014, the Alabama Inverness Corners Retail Center became a subsidiary of the Fortress Investment Group.The Retail Center has facilitated the funding of buildings and condos all over the city of New York. In February 2017, the SoftBank Group Corporation, a Japanese technological company based in Tokyo, promised to acquire Fortress, and on the 27th of December 2017 it has finalized the acquisition deal by paying $3.3 billion in cash.
The transaction is the first recorded event that a U.S. private equity company has been taken off the list of the New York Stock Exchange. And since the purchase transaction is over, the trading of Fortress stocks likewise stopped prior to the morning of the announcement.The SoftBank Group Corporation has adhered to the stipulation endorsed by the regulatory agencies that the daily operations and business investments will function independently from SoftBank. Thus, Fortress will still be supervised by its founders and principals – Wesley Edens, Pete Briger and Randal Nardone. Fortress’s main office will also remain in New York. Masayoshi Son, SoftBank’s CEO, stated that the culture, processes, employees, brand, business model, and management style of the Fortress Investment Group shall be maintained as it is. The cited Fortress Principals have similarly consented to carry on and manage Fortress and pledged to invest fifty percent of their net tax proceeds coming from the Fortress-operated vehicles and funds, SoftBank’s equity securities including the vehicles and managed funds of SoftBank.
Moreover, Peter Briger, Wes Edens, and Randal Nardone similarly agreed to elect shares that signifies a 34.99% cumulative outstanding voting shares of Fortress that were held by the cited principals in lieu of the acquisition deal.The Fortress Investment Group likewise manages a credit venture that is spearheaded by Pete Briger, Co-Chairman of the company, and the investment company sold its fixed-income business in Logan Circle Partners that netted over $30 billion.According to Peter Briger and Wes Edens, teaming up with SoftBank under the leadership of Masayoshi Son sets Fortress forward on an even greater course and at the same time generates a substantial value for investors.Fortress offers a diverse kind of workplace, and some employees have said that interns working at the firm are expected to learn quickly since it is a fast paced kind of company. Another remarked that the company often challenges its employees, and habitually acknowledge dedication and hard work.
There are many doctors out there and many businessmen, but there are few who delve deep into both fields. Dr. Mark McKenna is a medical practitioner who earned his medical degree from Tulane Medical School and has since become a licensed and board-certified doctor. However, during Dr. Mark McKenna’s time in medical school, he realized the medical field was not going to bring him everything he wanted. He wanted to make much more money than what was available as a doctor. He knew this because his father is also in the medical industry and owns his own practice, which Mark interned at for several years.
Instead of focusing on medicine, Dr. Mark McKenna decided he wanted to focus on business and once he completed his education he started up his own company. Mckenna Venture Investments, a real estate firm, was Mark’s first successful business. Mark was making roughly half a million dollars a year and his company was worth around five million dollars in 2005. Unlucky for Mark, he lived in New Orleans, which was struck by Hurricane Katrina that year, which devasted most of Mark’s company. This caused Mark to lose millions in a single day, but he was able to recover a fair amount of money staying in New Orleans and flipping properties that had been destroyed.
Dr. Mark McKenna’s latest venture in business is the medical-aesthetic business, OVME, or “of me“. Mark named his company this because it puts the attention on his customers. OVME will function similar to Uber, since users will have an app that allows them to browse OVME and order services and products to be delivered straight to them. There are many freelance doctors registered with OVME that offer products and give out personal advice to customers who ask for support through the app. These day’s, at 43, Mark spends a great deal of time working on his business and practicing a healthy lifestyle when he’s not spending time with his family.
Stream Energy knows that giving back to the community and helping others is rewarding in many ways. This is why they recently announced that they had developed a new philanthropic foundation called Stream Cares. Let’s take a more in-depth look at the company, this new foundation Stream Cares, and their previous philanthropy efforts.
Who is Stream Energy?
Stream Energy is a direct sales energy company whose employees work for commissions from sales. The company was founded in 2005 with headquarters in Dallas, Texas. Since their inception, the company has generated more than in $8 billion in revenue. The company currently offers not just energy services but also wireless, home, and protective services aimed at customers with on the go lifestyles. The services offered by the company are available not only in Texas but also Illinois, Pennsylvania, Maryland, New Jersey, New York, Georgia, and Washington D.C.
What is Stream Cares?
Stream Cares is a philanthropic foundation created by the team at Stream Energy. Through Stream Cares the company and their employees hope to bring a change and help families not just in Texas but across the United States in the years to come. Stream Cares is a natural addition to the existing philanthropic nature of the company and its employees.
Previous Philanthropic Efforts
The philanthropic and charitable deeds by those at Stream Energy to date have included but are not limited to the following.
Through the organization known as the Hope Supply Co they have helped homeless children and families in northern Texas.
After several tornadoes devastated communities in the area they worked with the Salvation Army to raise thousands of dollars to help the recovery efforts.
They co-hosted an experience for young girls in veteran households called the American Girl Doll Experience. The company covered the costs of dolls and lunch for ten girls at the American Girl Cafe.
In another life before now, Paul Mampilly was a dedicated hedge fund manager. He spent twenty years working as a financial advisor for Kinetics International, ING, The Deutsche Bank and other international clients. From there, he joined the Templeton Foundation investment competition and risked all his money ($50 million) into the competition. Surprisingly, he emerged the winner and earned a profit of $38 million. The 76 % gain was enough to toss him into the financial industry yet again. Only this time, he was careful not to invest in risky businesses as the country’s economy was dwindling. View Paul’s profile on Linkedin.
Mampilly has since invested time and resources in giving people the right investment advice. Because he is good at that, he decided to work with Banyan Hill Publishing. Banyan Hill Publishing is known for offering financial and investment services. That is why recently, in search of viable businesses to invest in, Mampilly discovered a newsletter that has since transformed people’s lives in many ways. Profits Unlimited is the way forward to teaching Americans how to allocate various resources in the right dockets.
Describing Profits Unlimited
Most importantly, Paul Mampilly has built a protective barrier around this source of information because he understands that the internet is filled with scrupulous people who impersonate the real experts that are always ready to teach investors how to make money. A careful look at Profits Unlimited indicates that the newsletter has eight pages that offer full advice and insight about Mampilly’s recommendations, especially on stocks.
To circulate this newsletter, Paul Mampilly ensures that it is emailed to his clients through monthly subscriptions. For people who are interested joining Profits Unlimited, Paul’s website contains relevant information on how to join the business. Moreover, it is critical to remember that Mampilly is not a broker. He allows clients to own personal accounts. That way, they can monitor stocks from any point.
Profits Unlimited is not the only investment docket that Mampilly has invested mainly in. As an editor at Banyan Hill Publishing, he uses the available resources to guide his clients as well. So far, his clients have been satisfied by his services. That is why most of them have been giving positive reviews regarding the investment dockets and skills they received from Mampilly.
GoBuyside is a multinational recruitment firm that connects their clients to top-notch employees. It is currently partnering with organizations in more than 52 cities worldwide ranging from Germany, UAE, UK, the United States, Canada, Mexico, Singapore, Switzerland and even China. Most of the 400 plus clients are firms that work with startups and established companies to provide investment strategies, acquisitions, mergers, buyouts, venture, and growth capital. You can expect to work as a PE Associate, Associate, and Analyst in lower, middle and large markets. Learn more about GoBuyside at Crunchbase.
Candidates using the platform for their next career need to create an account. In your account, you are supposed to input personal details, career interests, certificates, and work experience. The team at GoBuyside will then will review your account before approving it. If it’s approved, then the next step would be setting your privacy settings on the platform. You will be able to see the available opportunities, payment information, and materials needed to qualify for the job. You can also change the settings to connect and network with school alumni and industry professionals. The team at GoBuyside is available for inquiries and to offer advice about market trends in your industry. Read more blogs at gobuysideblog.com.
Encryption of data is a crucial element of companies under the fund management industry. These companies have personal information of their clients, investments interest and portfolios within their database thus GoBuyside prepares candidates on its platform to help these companies transition data management under the General Data Protection Regulations (GDPR). GDPR is a bill that was passed in the EU in 2016 expecting companies to protect the data of their customers using their platform. Simple details like cookies data will need the same level of encryption as personal information like names and bank details. Failure to comply with the regulation will result in fines. Data controllers who are the companies, in this case, must also inform subjects of breaches within 72 hours. An individual can also request the controllers to provide details how his/her information is being used. One of the most significant change is the user can choose to delete their details on the platform entirely when they choose to.
GoBuyside has the necessary manpower to recruit top talent around the world for enabling companies to comply with GDPR regulations. Companies need to recruit analysts that understand the whole aspect of GDPR. The data handlers within an organization are only required to keep data that is necessary to process personal information of the user and put measures to prevent third-party access to the data. The data handlers can be a service provider or employees with the necessary expertise to handle data encryption. GoBuyside has the essential resources to help companies comply with the regulation by providing talented and experienced individuals. The recruiters at GoBuyside uses advanced technology to screen candidates according to the client needs.