In February, Uber investor and Investment company founder Shervin Pishevar went on a 21-hour tweetstorm that some called bizarre and others found prescient. In that time, Pishevar ran through predictions of a plummeting stock market and declining Silicon Valley, predicted the infrastructure of the United States would continue to disintegrate and argued that tech giants would strangle startups.
Known for his strong opinions, frequently expressed, it was no surprise that he wasn’t shy about sharing them, but the intensity and content of them surprised some people.
Pishevar predicted a 6,000-point drop in the market and a continuing decline for the value of bitcoin that would be matched by a surge of interest in gold again. However, he also said that bitcoin would stabilize and start to rise slowly again over a two-year period.
While he felt that Silicon Valley had lost its preeminent place in the tech landscape and that location was less important in contemporary entrepreneurship, he also predicted that any startups would have a tough time competing against giants likeGoogle, Microsoft and Facebook. Shervin Pishevar compared them the phone company monopoly before its government breakup and predicted that it might be a long time before any companies like Airbnb or Uber would make their mark again in the years ahead.
Pishevar also said that the failure of the United States to move quickly or think long-term about infrastructure would be its undoing. He cited the example of a train station in China that was built in just nine hours. Pishevar said he believed that only a few U.S. companies, such as SpaceX, would thrive.
Was he correct? A couple of days after Shervin Pishevar made his predictions, Dow Jones plummeted over 1,000 points. As for the rest of his predictions, their accuracy remains to be seen. However, it is worth nothing that Pishevar savvy in predicting trends has made him a success in business so far.
When you mention Asset-Based management, Industry Knowledge, Operations Management, Corporate Mergers, and Acquisitions or Capital Markets on industry leader comes to mind, and that is non-other than Fortress Investment Group. The group has been in existence since 1998 and has created tools necessary for the assessment of the strategic and operational health of an organization. With these they have been able to craft tools used by a Fortress investment group team of experts who know how to engage in and extract value from complex investments. This is a vision that was born at inception and continues to grow by the day. The founders of Fortress investment group were deliberate on setting their sights on these key areas as they understood how they worked and how they would grow them from the initial 400 million into what it is today.
Industry knowledge has been another area where Fortress investment has been keen on achieving unlimited insight. The concept of understanding the industry you invest in has always proved to be useful. It ensures that whatever potential hazards, as well as opportunities, can be weighed before making any investment decisions. It also ensures that whenever the team at Fortress group spot an opportunity, they are able to pass it through other teams that may understand different aspects of the same industry which ensures they are never blindsided. The vast industry knowledge at Fortress investment group has in large part been led by its leaders. Peter Briger, one of the Co-CEO’s, has been very keen on the development of debt management teams.
This has been instrumental as it has a bearing on how much credit they are able to take on when making investments. Part of the success of any equity or asset management firm comes from its management of debt and how much it flows back into assets as opposed to rewarding investors. The management style of Fortress Investment Group would attract the attention of Softbank, one of the largest investment banks from Japan. This was a solid investment opportunity for them and despite Fortress being a listed company they were ready to make an offer. In 2017 they made a 3.3 billion offer which was then passed on from management to the shareholders. In July the shareholders approved it, and the management was free to continue with the deal. Following the acquisition, however, the team at Softbank decided to maintain the leadership as it was. This meant that there was consistency going forward.
Have you noticed how certain people seem to be successful, wherever they go? From the Fortress to the Bucks, Wes Edens has left a yellow brick road of good fortunes, wherever he walked. Does Wes Edens have the Magic Touch?
Makes Fortress Billionaires
Some company owners sell their companies for billions. Sure, the owner became a billionaire, but not many others did. That was not the case for the Fortress Investment Group. Several of the Fortress principals became billionaires, including Wes Edens, Randal Nardone and Peter Briger. That is a pretty good record. It resembles the success of Microsoft’s Bill Gates and Paul Allen.Why was Fortress UBER successful? True wealth is based on finding some irreplaceable product or service. Somehow, Wes Edens has been able to identify these key opportunities.Wes Edens was co-founder of the Fortress Investment Group. The Fortress was the first hedge fund to go public. It set the standard, kind of like Microsoft Windows did.
Leads Bucks to Playoffs
Instead of resting on his laurels, Wes Edens found another irreplaceable investment: the Milwaukee Bucks. Each NBA franchise has a monopoly over a certain city, state or region. Wes Edens became a co-owner of the Milwaukee Bucks and led them to the NBA Playoffs.The fan base of the Milwaukee Bucks includes all of Wisconsin, parts of Minnesota, Iowa, Illinois, Indiana and Michigan. That is quite impressive. The Bucks have a virtual monopoly of basketball in the State of Wisconsin.
Encourages Aaron Rodgers to Join Ownership
Aaron Rodgers is no dummie. He understands sports franchise monopolies. He is big in Wisconsin, the Bucks are big in Wisconsin – why not become a co-owner of the Milwaukee Bucks? Wes Edens has invested in a new stadium for the Milwaukee Bucks. These NBA developments become villages for the rich and famous. Aaron Rodgers has become a Milwaukee Bucks’ co-owner, jumping on Wes Edens’ coattails.The Milwaukee Bucks forced a Game 7 versus the Boston Celtics, but ultimately fell 112 – 96. The Celtics will advance to the second round of the NBA Playoffs. The Bucks played well, but failed to make it to round two.Wes Edens has had an impressive run of success. Some people simply have the “It” factor. Everything Wes Edens touches, seems to end up golden. He has already made many billionaires, now he might make Aaron Rodgers, a billionaire.