Sahm Adrangi Believes in Jones Lang LaSalle

Sahm Adrangi is the founder and chief investment officer of Kerrisdale Capital, a hedge fund that manages approximately $180 million in assets. The hedge fund is known as an activist short seller. In 2011, Kerrisdale returned over 200% to its investors, as Adrangi correctly bet against several disreputable Chinese firms. Adrangi is also a value investor, looking for an edge by purchasing shares of disfavored companies.

One such company that Sahm Adrangi likes is Jones Lang LaSalle. Jones Lang LaSalle is a global commercial real estate services company. It also has specialties in investment management and professional services. The company is the second largest commercial real estate services group that is publicly traded.

Sahm Adrangi has long owned shares of Jones Lang LaSalle. He has taken advantage of dips in the company’s share price to add to his position, while paring it back when the stock price rises. The company’s share price has more than doubled since 2013, earning Adrangi and his investors a healthy profit.

Adrangi first began to acquire shares of Jones Lang LaSalle in 2013, after the company missed its earnings forecast and the stock plummeted sharply. Adrango viewed the earnings miss as a one-time event that was not part of a larger trend. He believed that Jones Lang LaSalle survived the financial crisis in much better shape than its peers in the commercial brokerage business. Adrangi purchased Jones Lang LaSalle shares at a discount because, at the time he purchased, the commercial real estate market had yet to recover from its financial crisis trough. Sahm Adrangi has held shares of Jones Lang LaSalle as a long-term investment and this position is one of the largest that Kerrisdale Capital holds.

Sahm Adrangi has recently been adding to this position. In the first quarter of 2018, Adrangi more than doubled his firm’s position in the stock, purchasing 29,316 shares. His most recent Securities and Exchange Commission filings show that his firm owns 47,617 shares of Jones Lang LaSalle.

https://www.businessinsider.com/meet-hedge-funder-sahm-adrangi-2013-10

Shervin Pishevar-How He Made The News Over A Twitter Rant

Many people were astonished recently as Shervin Pishevar went onto his Twitter account to go on a rant that lasted almost a full day. For those that are already familiar with him, they know that he is not one to shy away from speaking out. However, he had been hiding away since December after leaving his company, Investment company.

In February, Shervin Pishevar made countless tweets regarding his opinions on the state of the economy, bitcoin, SpaceX and many other topics. Some of his forecasts about the future seem far-fetched. Others seem to be holding a little bit of truth to them. His very first tweet during this long rant was regarding the stock market. He was forecasting the drop in the stock market by over 6,000 points in the coming months.

Bye-Bye Silicon Valley

Another of his famous tweets during his rant had to do with Silicon Valley. He believes the area has effectively lost its edge in competition. There are other venues where people from all over the world can be entrepreneurs and create their own start-ups. Shervin Pishevar believes that it is no longer a physical place and that Silicon Valley is now a term for “border-less entrepreneurship.”

Bitcoin Crash

Another tweet during his rant had to do with the fact that the bitcoin crash was far from over. Shervin Pishevar thinks that the “cheap money” fad is about over and inflation is going to begin spreading like wildfire. On top of the stock market and bitcoin crash, he also believes that the underemployment numbers are going to be leading us into an economic stasis. Aside from all of the bad things Shervin Pishevar feels is going to be happening in the near future, he did leave things on a single positive revelation. He thinks that in response to everything else, gold values will go up.

https://www.imdb.com/name/nm6840912/