I’m glad that someone else finally chimed in on the bitcoin craze. Shervin Pishevar recently went on a tweet rant that lasted more than 21 hours. He touched on a lot of points, but his tweet about bitcoin has gotten lost. It echoes something I’ve been saying for years.
Proponents of bitcoin like to tout the online currency’s unregulated status. Essentially, bitcoin lovers believe that the online currency is inherently valuable because it is not under the regulatory eyes of any government. Instead, it exists online in something called the blockchain.
The blockchain is simply data that is stored on millions of computers around the world. You probably have some of this data on your computer if you are dabbling in bitcoin. This distribution of data makes bitcoin impossible to hack. It also makes it impossible to control.
Shervin Pishevar does not think bitcoin is completely untethered. In fact, his tweet storm says otherwise. He thinks the online currency will drop rapidly over the next few months alongside the stock market to create another recession. This goes against everything bitcoin proponents love about the online currency.
Shervin Pishevar, like me, knows that bitcoin is tied to the stock market. It has no inherent value. Gold, on the other hand, has tangible value. It’s something you can hold, admire and bury in your backyard in case of a crisis. That’s why gold will skyrocket in value as the economy tanks.
People won’t want to hold their bitcoins when things get bad. In fact, there’s nothing to hold. It’s an abstract idea, and, as Shervin Pishevar says, its value is tied to the stock market. It’s not some independent currency that will sore in value when the times get tough.
I’m just glad that Shervin Pishevar is back. He’s disappeared for a while due to some personal issues, but he’s one of the great market minds of today. His tweet storm marks the return of an investment giant. He was smart enough to invest in Uber early, and he set up his own investment business called Investment company. He certainly knows what he’s talking about.
Fortress Investment Group is a New York City-based investment management firm that specializes in alternative assets such as distressed debt, real estate, hedge funds, credit funds, and private equity. It was established in 1998 but three business partners. Peter Briger arrived at this company in March 2002 when he was named as a member of this company’ management committee. Since November 2006 he has served on the board of directors and since August 2009 he has been a co-chairman since 2012. He is also a partner of this firm. He was brought on board in order to diversify what Fortress Investment Group offers as he has an excellent reputation in the industry in regards to buying and profiting greatly off distressed debt.
Peter Briger spent the first 15 years of his career at Goldman Sachs. While at that financial firm he was a member of several committees such as the Global Control & Compliance Committee and the Japan Executive Committee. He was one of Goldman Sachs’ leaders in other ways as well such as co-heading a number of funds such as the Asian Distressed Debt, Asian Real Estate Private Equity, and the Special Opportunities Fund.
He earned his B.A. at Princeton University in 1986 and his M.B.A. at the University of Pennsylvania in 1988. As a graduate of Princeton University, Peter Briger has been active on the Princeton Entrepreneurship Council. The goal of this organization is to support the creation of small businesses and entrepreneurship on the campus of this Ivy League school. This involves education, funding, and mentorship. Peter Briger has donated money to this organization many times and has also served as a mentor to many budding entrepreneurs.
Peter Briger has supported other causes as well. He is a member of the Silicon Valley Council which donates money to global nonprofits dedicated to helping children. He has worked to alleviate poverty issues in the San Francisco Bay Area by donating to nonprofits such as Tipping Point. He has also supported nonprofits that support the education of children and making sure that children from the riskiest demographics are provided with opportunities. A Force of Innovation: Two Decades of Fortress Investment Group
James Dondero is an influential Dallas businessman and philanthropist. He has over 30 years of experience in various investment practices. Some of these are as a provider of retail solutions, investment funds, and as a financial analyst. His business activities extend worldwide. Over his life, he has supported academic and veteran initiatives, as well as, other philanthropic endeavors.
Recently, Mr Dondero promoted a $1 million grant. He, along with the firm he founded, Highland Capital Management, want the money to go to the Family Place. The Family Place Legacy Campaign supports community efforts that service victims of family violence. The Dondero sponsored grant contributed to the campaign’s $16.9 million to build a new facility in service of 2,000 victims each year. Highland Capital Management is a patron level donor. Visit nexpointliving.com to know more about James Dondero.
James Dondero did not only co-found Highland Capital Management, he is also its president. The grant is being distributed through the company’s subsidiary, the Highland Capital Foundation. The $1 million challenge is a philanthropic effort that matches 50% of money donated for the cause. Dondero’s foundation entrusts Linda Owen and The Dallas Foundation to administer funds. They seek to ensure the greatest impact of their philanthropic activities. The company believes good can come from public and private partnerships. Follow James on Linkedin.
The Family Place offers a full spectrum of services for both public and private victims of family violence. Like the institution, James Dondero’s influence spans more than one company. He is chairman and board member of several companies. James Dondero is an active leader in both the investment world and of altruism.
Anthony “Tony” Petrello is one of those people that has truly carved out his company’s path to success with his own hands. He currently is the Chief Executive Officer, Chairman of the Board and President of Nabors Incorporated.
Nabors Industries in a massive giant in the oil and gas industries. They are a global leader in drilling technologies and they have a presence in every major oil market and across multiple continents throughout the globe. They have a large suite of services that they offer to their clients including directional drilling, offshore drilling rigs, custom drilling solutions and high performance tools. Nabors also is known in the industry leader in innovational technologies in the drilling field.
This spirit of innovation is spearheaded by Anthony Petrello. Under his leadership Nabors has been a leader, if not the leader, in the adoption and use of new technology.
Drilling can often be an industry that is hesitant to adopt new technology, but Nabors is known for not only consistently being one of the first to adopt new technology but to actually lead the industry in creating new solutions for their drilling solutions. They offer some of the most technologically advanced drilling machinery in the industry.
Tony Petrello began his illustrious career at Nabors Industries in 1991 when he was first elected to the Board of Directors as well as named as the Executive Committee of the Board. Prior to coming to Nabors, he was a successful managing partner of a law firm where he actually worked closely with Nabors as a client. From 1991 to 2011 Petrello served as Chief Operating Officer as well as President of Nabors and then added an additional leadership title to his already successful career when he became the Deputy Chairman in 2003.
Following that, Anthony Petrello became Chief Executive Officer in 2011 and then took on the illustrious title of Chairman of the Executive Committee of the company’s Board in 2012. Needless to say, while his numerous titles and path to the positions he holds today may include a jumble of titles, it is through that path that he has touched every aspect of Nabors Industries. He has truly helped build the company into what it is today through nearly three decades of leadership within the company. For more info about us: http://yaledailynews.com/blog/2006/02/21/alum-endows-prize-in-memory-of-lang/ click here.
Under his bold direction, Nabors Industries continues to grow and will likely soon be the global leader in providing drilling equipment.
Under the tenure of Ambassador Daniel Taub, who resigned during the 2015 summer, the UK-Israeli trade doubled. The Israeli embassy released a statement detailing the exceptional performance of Taub during his four-year tenure as the Israeli ambassador to the UK.
Speaking during the British Israeli Business Awards, the head of Britain’s Business, Innovation and Skills, Mr. Sajid Javid, said the two nations had gotten into a “golden era.”
The Israel-Britain Chamber of Commerce projected that more than 300 Israeli businesses had made inroads in the United Kingdom and the yearly bilateral trade was not less than $5.5 billion. Learn more about Daniel Taub: https://www.bloomberg.com/authors/AC5IR9iOgJI/daniel-taub
Taub was appointed as the Israeli ambassador back in 2011. He is remembered for accompanying the Palestinian ambassador to Northern Ireland to lead peace talks. Jewish Chronicle had an opportunity to interview this peace negotiator and ambassador in 2012.
He expressed his concerns about what was happening in some colleges and campuses. He cautioned administrators to ensure that students could express their opinions freely and courageously.
Several years later, Britain’s biggest student union voted in support of adopts a boycott of Israel. In 2014, Daniel Taub toured Bradford despite the city’s Member of Parliament declaring it as an “Israel-free zone.
Who is Daniel Taub?
Daniel Taub is a globally recognized lawyer, Israeli diplomat, and an accomplished writer of British descent. Between 2011 and 2015, he represented Israel in the UK as the ambassador. He serves as the head of planning and strategy at the Jerusalem-based Yad Hanadiv Foundation.
Taub was born and raised in the UK. Daniel Taub completed his high school course at the Hertfordshire-headquartered Aske’s Boys School. He got his university education from three top universities: Harvard University, Oxford’s University College, and London’s University College.
Taub relocated to Israel back in 1989. Due to his exceptional writing abilities, he earned a high-profile post in the office of President Chaim Herzog to serve as a speechwriter.
In 1991, he became an employee of the Israeli Foreign Ministry (IFM). Taub has served in many legal, diplomatic, and political positions in the IFM. He is a specialist in international law, with emphasis on laws of war and counter-terrorism.
Taub was instrumental in speeding up the Israeli-Palestinian peace process, overseeing many negotiations that gave birth to numerous agreements between the two conflicting sides.
Daniel Taub has pocketed many coveted awards, including the Grassroot Diplomat Initiative Honoree. Taub received this award due to his efforts of supporting upcoming entrepreneurs and start-ups.
Read more: Daniel Taub – Crunchbase